Oman-based Station 11 has signed a three-way strategic cooperation agreement with Innovate Cambridge and Cambridge Innovation Capital to strengthen technology investment and innovation ties between Oman and the UK.
The partnership, signed during Sultan Haitham bin Tariq’s visit to the UK, is designed to connect Omani startups with investors, researchers, technology companies and commercial partners in Cambridge. It will also help UK startups explore opportunities in Oman and the wider Gulf.
Under an initial program, up to five Omani startups will be able to visit Cambridge and access its investment, technology and business networks. The companies may also take part in activities hosted by The Glasshouse, connect with venture capital investors and entrepreneurs, and access Cambridge Innovation Capital’s Entrepreneurs in Residence program.
The agreement also covers product development, market validation, research and development, technology commercialisation and potential routes into the UK and European markets.
Station 11 will help British startups connect with Omani government entities, major companies, investors and industrial partners, including through innovation programs linked to Oman Vision 2040.
The agreement runs for three years and will be overseen by a joint steering committee responsible for implementation and performance tracking.
Source: Al Jazeera
