The ITHCA Group has announced a series of initiatives aimed at accelerating the growth of Omani technology startups and strengthening cross-border investment ties with Saudi Arabia. The announcement follows the completion of 36 investments through ITHCA’s Ideation Stage Fund, managed in partnership with Saudi-based Al Jabr, with 11 percent of supported startups securing follow-on funding.
Building on this momentum, ITHCA has rebranded its ideation programme as the OTF SCALE Fund. The fund will focus on helping founders develop prototypes and build scalable businesses across priority sectors including artificial intelligence, fintech, software, and digital services. The programme combines capital deployment with structured mentorship to support startups preparing for regional and international expansion.
ITHCA also unveiled the Baw’wabah Accelerator, a six-month programme designed to help Omani startups enter the Saudi market. Powered by Al Jabr and supported by Saudi Arabia’s National Technology Development Programme, the accelerator will provide access to investors, strategic partners, and market-entry support. Participating startups will receive business development assistance, mentorship from Omani and Saudi experts, and guidance on localisation, product testing, and market readiness.
Eligible startups are required to be revenue-generating and beyond the minimum viable product stage. Selected companies may receive investment of up to $100,000 from the OTF SCALE Fund.
The announcement coincided with the signing of an investment agreement between ITHCA Group and Saudi-based Vision Ventures Fund. The partnership is intended to expand Omani startups’ access to Saudi Arabia’s venture capital ecosystem and regional investor networks.
