Generation Start-up: Oman’s Innotech seeks $3m investment to expand 3D printing business – The National

Generation Start-up: Oman’s Innotech seeks $3m investment to expand 3D printing business – The National

Generation Start-up: Oman's Innotech seeks $3m investment to expand 3D printing business. Muscat-based start-up began manufacturing masks and ventilators during the Covid-19 pandemic. Stage: Seed stage and seeking Series A round of financing. Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.. The 30-year-old engineer's Muscat-based start-up, Innotech, specialises in 3D printing services that produce parts for oil and gas companies, industrial businesses and research and development labs.. If you want masks or ventilators, you have to manufacture locally and 3D printing is the best way.". For the former Schlumberger engineer, who left his job in 2016 to focus on growing his business, local manufacturing using 3D printing technology is one answer to Oman's economic diversification efforts to help reduce reliance on imports, create jobs for nationals and build new industries.. Much like Innotech, 3D printing businesses in other parts of the world are modifying their production to meet increasing demand for medical equipment during the pandemic.. Now Mr Al Mandhari is in talks with local venture capital firms to raise $2 million (Dh7.34m) to $3m in a Series A funding round to