Ibtekar Fund
Posted on May 13, 2018 in 2_Country Profiles, EARLY STAGE, IDEATION, Palestine-EarlyStage, Palestine-Ideation
1. Description
| Name of organization | IBTEKAR FUND |
| Typology | Incubator |
| Description | Ibtikar Fund is a disruptive fund that invests in innovative Palestinian companies at their earliest stages. |
| Location & Geographical scope | Palestine, West Bank Gaza |
| Experiences in financing eco innovative projects | Open for Proposals from Green Entrepreneurs |
| Instruments | seed and growth level equity investments, convertible notes |
| Average investment – amount | at the seed level, USD 40K, and the growth stage, avg is USD 200K |
2. Investor Criteria
| Scope of operations – Industry/tags | Must incorporate innovative technologies |
| Phase of grow – business stage and target group of clients | Ideation and early stage |
| Most important prerequisites for financing a project | Strong founding team that has the right skills and passion to succeed, competitive advantage to product/service, Palestinian founders, scabality for exponential growth (typically, this means markets outside of Palestine, at least regionally) |
| Most important barriers that prevent financing | Weak team, industry space difficult to penetrate, low scalability |
| Minimum investment required | USD 40K |
| Currently available financial products | Acceleration through FastForward or Gaza Sky Geeks (open to other acceleration/incubation partners), direct equity investments or convertible notes |
3. Contact details
| Contact persons / emails | – |
| Address and telephone | PRICO House Building; 54 Khalil Abu Raea Street; Office 302; Al Masyoun, Ramallah, Palestine |
| Web site | www.ibtikarfund.com |
