OQX Celebrates Milestone with Graduation of First Cohort from Business Accelerator Programme

Strategic Insights -

The OQX research, development, and innovation arm of OQ Group has marked a significant achievement with the graduation of its first cohort from its business accelerator programme. Thirteen startups showcased their innovative solutions to a panel of experts from Oman and abroad, reflecting a vision for a smarter, greener future. The event drew interest from investors across various regions, offering a platform for cross-border collaboration and shared investment potential. In a key highlight, OQX signed a strategic agreement with ITHCA Group to support the scaling of startups emerging from the accelerator.

Key Takeaways:

  • Thirteen startups graduated from OQX's business accelerator programme, presenting innovative solutions in sustainable energy, clean tech, AI, and energy asset optimisation.
  • The graduation marked a significant step in OQ's mission to drive technology-led economic growth and develop a dynamic, private sector-driven innovative economy.
  • The event drew interest from investors across Oman, Europe, Asia, and South America, offering a platform for cross-border collaboration and shared investment potential.
  • OQX signed a strategic agreement with ITHCA Group to support the market introduction and scaling of startups emerging from the accelerator.
  • The agreement aims to connect participating startups with funding opportunities and ecosystem initiatives, strengthening their path to market.
  • The accelerator programme guides startups from idea to implementation, fostering high-impact ventures that contribute to sustainable national growth and global competitiveness.
  • Dr. Ammar Mohammed Al Ojaili, Vice President of Innovation at OQ, noted that the graduation marks a pivotal moment for the accelerator, proof of its impact on launching startups that offer real, scalable solutions for the energy sector.
  • Maha Mohammed Al Balushi, Group Director at ITHCA, emphasized the partnership's commitment to nurturing Oman's entrepreneurship ecosystem and unlocking new opportunities in ICT and related sectors.

Sources:

  • Oman News Agency, 24 June 2025 ("OQX Celebrates a Major Milestone with the Graduation of its First Cohort")
  • ITHCA Group (no date given)

Statistics:

  • Thirteen startups graduated from the business accelerator programme.
  • The event drew interest from investors across Oman, Europe, Asia, and South America.
  • The agreement aims to support the scaling of startups emerging from the accelerator.
  • OQX's mission is to drive technology-led economic growth and develop a dynamic, private sector-driven innovative economy.
  • The accelerator programme guides startups from idea to implementation, fostering high-impact ventures that contribute to sustainable national growth and global competitiveness.