Jordan s ISSF Invests $1M in Kuwait-Based VC Arzan cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.
Jordan’s ISSF invests $1m in Kuwait VC fund Jun 04, 2021 By Nik Pratt
Jordan-based Innovative Startups and SMEs Fund (ISSF) has announced a US$1 million investment in Arzan Venture Capital II, an investment fund based in Kuwait.
According to ISSF, the move is designed to advance the Jordanian entrepreneurial ecosystem.
“[The investment] will present several aspiring tech startups with the opportunity to grow their businesses, hence consequently generating new jobs and further strengthening Jordan’s standing as a regional hub for entrepreneurship and innovation,” said ISSF chief executive, Laith Al Qasem.
The ISSF was formed in 2017 as a national project but with a private shareholding company. It is backed by the World Bank and is designed to last for six years, until November 2023, during which time it is expected to make direct and indirect investments to support local startups and entrepreneurs.
COMPUTEX 2021 will be launched from May 31 to June 30. The organizer, the Taiwan External Trade Development Council (TAITRA), will roll out the #COMPUTEXVirtual platform to connect the technology community that breaks geographic limitations.
Jordan s Trteeb Secures $150K from ISSF to Expand Operations cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.