Omraan- a competition for tech start-ups and innovators has been launched in India by New Cities Foundation and Oasis500. The global competition rewards the best urban technology ideas with a US$30,000 seed funding and a 100-day acceleration program in Amman, Jordan.
Indian technology startups and innovators interested in applying for the competition will have to submit a brief statement explaining their idea followed by a detailed presentation. The best applications will be interviewed by the Omraan jury members over Skype or phone and the applicants will have to give a 10-minute pitch presentation to be considered for the award.
In order to qualify, start-ups must provide technological solutions to urban problems through mobile, web, cloud, ecommerce, gaming, entertainment, enterprise software, digital news, digital advertising, and social networks. The contest is divided into two batches with winners of the first batch to be announced in October 2014 and second in February 2015 respectively.
For qualifying startups, the US $30,000 seed investment funding consists of a $12,000 cash investment along with $17,000 in-kind services through Oasis500’s acceleration and incubation program. Acceleration in Amman will involve coaching and mentoring from the Oasis500 team, industry experts, and a group of 300 international mentors. The 100-day acceleration and investment program will be followed by 6â9 months of incubation either in Amman or Dubai, Riyadh, Jeddah, Manama, Cairo and Beirut, which are the partner cities.
Omraan is an exciting and impactful collaboration between Oasis500, the New Cities Foundation, and the Greater Amman Municipality (GAM). Omraan’s mission is to nurture the most creative and forward-thinking technology startups from across the globe, and develop their ideas into concrete projects that solve challenges facing all cities.
Interested Indian technology innovators are invited to apply at www.omraan.me
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