Hope Ventures, Mrs. Areej Mohsen Darwish, and Dr. Lamya Mahmood co-invest USD 500k in Omani Businesses ‘Innotech’ through Beban Season 3 Episode 3

  • Date: 25-Jan-2024
  • Source: Biz Bahrain
  • Sector:Technology
  • Country:Oman
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Hope Ventures, Mrs. Areej Mohsen Darwish, and Dr. Lamya Mahmood co-invest USD 500k in Omani Businesses ‘Innotech’ through Beban Season 3 Episode 3

Hope Ventures, the investment arm of Hope Fund and producer of Beban TV show, co-invests USD 500k in Omani business Innotech, alongside private sector investors Mrs. Areej Mohsen Darwish and Dr. Lamya Mahmood on the third episode of Beban Season 3, which aired on the region’s first and biggest video-on-demand platform ‘Shahid’ for free, Oman Culture TV, Bahrain TV, SBC Channel, AlRai TV, and Abu Dhabi TV.

During the third episode, Innotech, an Omani startup that automates the construction process using additive manufacturing to reduce the cost, speed up the process, and reduce carbon emissions in the construction industry, founded by Othman Al Mandhari USD 500k from Hope Ventures and private sector investors Mrs. Areej Mohsen Darwish and Dr. Lamya Mahmood.

Othman Al Mandhari, Founder and CEO of Innotech, commented on the investment by saying: “I watched Beban Season 2 and was motivated to partake in the third season to experience firsthand fundraising and negotiating with investors on the show. One of the biggest entrepreneurial challenges in the region is access to a network of investors and gaining the ability to negotiate valuation terms; Beban plays a key role in matchmaking entrepreneurs with strategic investors and ensuring the entrepreneurs undergo pitch and