MTC, the UK-Oman Digital Hub and OTF Join Hands to Launch ‘Sas Accelerator Cybersecurity’
The Ministry of Technology and Communications (MTC),, represented by Sas Center for Entrepreneurship, has signed yesterday an agreement for the Sas Accelerator Cybersecurity’ with the UK-Oman Digital Hub and OTF Techween. The agreement was signed by Hassan Fida Al Lawati, D.G, Digital Society Development at MTC and Charles Sammut, Counsellor at the British Embassy.
This significant collaboration is to run the first cybersecurity early-stage accelerator program in the MENA region, which aims at supporting the cybersecurity startup ecosystem.
The program is specifically designed for individuals or teams with ideas and it is an intensive program which will provide the tools to get cybersecurity ideas off the ground through a series of training, workshops and mentoring. It aims to help the early-stage entrepreneur develop a minimum viable product, refine the business model and build entrepreneurial skills so the participants are ready to grow their company.
“Through this collaboration with our partners, we aim to encourage, support and promote Cybersecurity startups in the MENA region by offering the necessary business and technical knowledge. Our focus is to assist them in validating their ideas and creating Cybersecurity products that can be adopted in the region and globally,” said Hamood Al Hamdan, Director of Sas Center for Entrepreneurship at MTC.
Charles Sammut, Counsellor at the British Embassy Muscat, commented “We are delighted to be supporting the launch of the region’s first cybersecurity accelerator. The blend of expertise and experience from Oman and the UK is something truly unique. We are really excited to help launch Omani technology startups.”
Maha Al Bulushi, Managing Director at OTF said “Oman Technology Fund is glad to be part of this collaboration knowing the value that it will add to the Omani nation. Having the British Embassy Muscat and MTC as partners in this collaboration will add so much value and exposure to the participants.”
“Oman Technology Fund invests in emerging technology enterprises in Oman and the wider region. Government-backed and based in Oman, OTF’s core objective is to support Omani entrepreneurs and drive profitable results through the core activity of venture capital. We are really excited for the outcome of this collaboration by offering the guidance and fund that will help promote their business knowing the outcome and impact locally and globally,” she further added.
Through this collaboration, the program will connect the MENA cybersecurity entrepreneurs and mentors, to a leading global cybersecurity accelerator program.
The registration for the cybersecurity program is still open till the 16th of January 2020 through www.mtc.gov.om/sas_acc
Sas Center for Entrepreneurship is the catalyst for the program and has been supporting more than 70 tech startups in Oman over the last seven years, through its incubator and accelerator programs. In addition, the ITU Arab Regional Cyber Security Center (ITU-ARCC) is contributing its technical and network capabilities to further boost the program from a regional perspective.
OTF Techween, a pre-seed fund program founded by Oman Technology Fund, will be providing funding to the selected individuals and will be a partner in the administration of the program. Oman Technology Fund is an Oman sovereign fund backed entity that aims to become an innovation hub in the region and position Oman as the preferred destination for national and international tech startups.
The UK-Oman digital hub is a British Embassy Muscat initiative designed to build digital skills, entrepreneurship and cyber security capability in Oman. The UK-Oman digital hub has engaged CyLon to run the Cybersecurity accelerator program.
CyLon is a world-leading cybersecurity accelerator, which finds, grows and invests in the world’s best emerging cyber businesses. Since its launch in April 2015, CyLon has successfully supported more than 100 companies and has a portfolio now valued at more than £400m.