Ibtekar Fund

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