Complex Made Simple

Oasis500, Mercy Corps to accelerate Gaza technology start-ups

Oasis500 and global humanitarian organisation Mercy Corps are planning to jointly to accelerate up to six technology start-ups this fall in the Gaza Strip, Jordan Times has reported. Starting from October, start-ups will be invited to participate in the Oasis500 acceleration process, spending two months each in Jordan and Gaza. Each start-up team will receive $14,000 of working capital from Oasis500, as well as advanced technical and business training and access to a global network of mentors to help them refine their business plans and investor presentations. Oasis500 will take a 10-15% equity stake in each company, and Gaza Sky Geeks will receive a 50% equity stake at the time of exit to cover future operating expenses.