1 oasis500 | oasis500 overview & progress report- copyright © 2012 oasis500 overview - the...

1Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012

Oasis500 Overview -The Exchange

Dead Sea, June 2013

@Oasis_500 @amykyleen

4th Oasis500 Angel Network

The Entrepreneurial and Investments Projects

Development Company


Oasis500 – Current Funding Gaps in the MENA Region

Seed /Early stage Funding

Angel Funding

2

VC/Later Stage Funding

X

X

Many options for growth capital for Post-revenue later stage funding• Venture capital firms, Private equity funds, banks

Many options for growth capital for Post-revenue later stage funding• Venture capital firms, Private equity funds, banks

No options for funding for Pre-revenue start-ups or seed/early stage funding • The initial personal/family funds raised by entrepreneurs

No options for funding for Pre-revenue start-ups or seed/early stage funding • The initial personal/family funds raised by entrepreneurs


• Entrepreneurs face a harsh DESERT after starting work on an initial idea when it comes to:• Seed and Angel Investment Funding• Help and Know-how• Societal and environmental support

• Few ever make it across this desert

Many great ideas never get a chance, and others are discouraged from even attempting when they see no survivors…

Oasis500 – The Early Stage Desert Challenge


• Formed under the guidance of His Majesty King Abdullah II with a committee of Leaders in the ICT, Digital Media and Venture capital community in Jordan

• Oasis500, is an investment and development company • Acceleration of early stage companies• Focus on ICT, mobile, and digital media• Transforms new business ideas into viable businesses

• Oasis Ventures 1 (OV1) has raised JD4.2M ($6M) and will close at JD7.1M ($10M)–we plan to raise a total of $30M

Oasis500 aims at training over 4,000 companies & investing in and accelerating 500 companies.

Oasis500 – Purpose and Goals


GAP 1GAP 1 GAP 2GAP 2

Many opportunities for growth capital and

later-stage fundraising in the region

Training

Seed Funding

Selection Program

Seed-stage funding is a gap in the ecosystem,

now addressed by

Oasis500 facilitates follow-on funding for its companies and other

early-stage startups by hosting Angel Network Events

XX

Oasis500 – Addressing the Gaps


Oasis500 - It is Not Just About Funding

• Oasis500 not only provides seed capital for companies, it adds unique value by offering entrepreneurs: – Intensive training (boot camp)– 100-day acceleration plan with

continuous guidance and follow-up

– Valuable mentorship and guidance from industry leaders

– Help in raising follow-on capital• Such mentorship has been proven

to increase the likelihood of startup success

6


Oasis500 operates 4 major activities to address the missing gaps in the ecosystem:

Oasis500 – What We Do?


Training Boot Camps:• Graduated 20 waves of entrepreneurs • Trained over 1020 entrepreneurs

(Target for year 1 and 2, 150 entrepreneurs)

Seed Funding and Acceleration/Incubation:• Invested in and accelerated 59 companies

(Target for years 1 and 2, 32 companies)

Mentor Network:• 250 engaged mentors in the Oasis500 Mentor

Network• Average of 4 mentors/company

Oasis500 – Achievements (Sept 2010 – Present)

9Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 4th Oasis500 Angel Network 6

Oasis500 – Achievements (cont’d)• 10 Angel Network Events held (in

Amman, Qatar, Dubai, Beirut)• 39 companies presented in total, 33

of which were Oasis500 startups

• 24 Oasis500 companies (40%) attracted nearly $9M follow-on investments, all companies raised $13M

• At valuations 3x to 10x Oasis500’s initial valuation before 100-day acceleration program

• Investment offers range from $100K to $2.5M


Oasis 500 – Portfolio Companies

(92%)

51 (Shares sold for cash)

49 (Shares sold for cash)

9


80%Are

Targeting mobileUsers

Oasis 500 – Companies’ Statistics


Sample size (126 entrepreneurs, 35% women, 65% men)

• The ecosystem does not appear to have a bias towards or against female entrepreneurs

• The real problem with female entrepreneurship goes back to the problem of women in the workforce in general

– Jordan has one of the highest female literacy rates in the region (82%), yet females represent only 11% of the workforce.

• The technology sector is one of the only sectors in the economy that supports the involvement of women in the workforce and provides them with high value jobs

Oasis 500 – Gender Strategy Findings


Challenges Faced by Women

• Limited access to a proper transit system

• Long working hours

• Culture of women being outside the home

• Working with men

• Access to proper training and education to match employment opportunities


Solutions Made Possible by TechnologyThe Internet has transformed women's opportunities

•More flexible work options, freelance, home-based work•Ability to work remotely•Being your own boss with low capital needs•Lucrative growth industry•Online resources available for free/low cost


Oasis 500 - Statistics• Out of the 819 trained entrepreneurs (January 2013), 203 are

women (25%)• 22/56 companies were founded/co-founded by women (40%)• 250 total mentors, 60 are women (24%)• The number of women employed by Oasis 500 startups since Sept

2010 is 52.• Women led startups at Oasis 500 have managed to attract USD

1million in follow on funding in less than 1 year.• Oasis 500 team, 9/13 are women


Amman is the

10thbest place to start

a technology companyin the world

Jordan ranked

#1in # of technology

deals funded in 2011

in the Middle East

Jordan ranked

#2in the Middle East

By amount of funds invested

4th Oasis500 Angel Network 11

References: - Bloomberg.com - Sindibad Business Report from www.wamda.com

Oasis500 – International Recognition


Usama FayyadExecutive Chairman

Omar Al SharifMarketing Manager

Lubna TaimehTrainer

Salwa KatkhudaInvestments

Manager

Serene ShalanAngel & Mentor

Networks Manager

Luma KaradshehOffice Manager

Monther JebranChief Coach/ VP of Finance

Asma SaqqafTraining Officer

Rana AlShamiExec Assistant/

Training Manager

Amy Kyleen LuteCorp Dev Officer

10

Oasis500 – Oasis500 Team

Nauf MawlaMarketing Officer


Oasis500: A true early-stage seed funding company that will positively change the technology entrepreneurship future of Jordan and the Region


Personal Experiences – CEO of Hijabik.com


Personal Experience – Hijabik.com• Difficulty finding women mentors and

role models• Support from other women

entrepreneurs• Willingness to ask for help -

communication• Storytelling – strong messages and

branding• Demanding respect – divide between

business and casual• Power – mitigated answers• Aggressiveness - seizing opportunities • Confidence


THANK YOU!Amy Kyleen Lute

[email protected]@amykyleen @Hijabik

Oasis500www.oasis500.com

@Oasis_500

1 oasis500 | oasis500 overview & progress report- copyright © 2012 oasis500 overview - the...

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