Latest news with #Nawat
Iraq Business
23-07-2025
- Business
- Iraq Business
Netaj deal with Haeiz to Support Iraqi Entrepreneurs
By John Lee. Netaj, an Iraqi platform for innovation and entrepreneurial support, has announced a series of strategic partnerships, " aimed at enabling thousands of Iraqi youth to enter the e-commerce space with the tools and support they need to succeed. " Among the most notable collaborations is one with Haeiz, which it describes as a leading digital retail platform that will support aspiring entrepreneurs by helping them build online stores, receive marketing and technical training, and access the market effectively. The deal was signed at an event held recently in Baghdad, which brought together private sector leaders, senior government representatives, ambassadors, diplomats, and experts from across economic and technology sectors. The event also highlighted the progress of Nawat, Iraq's first Venture Studio, launched by Netaj earlier this year. According to a statement from Netaj, Nawat currently supports over 40 startups across various sectors and is building a dedicated $2 million investment fund to accelerate their growth. Dr. Wissam Mattout, CEO of Netaj, said: "At Netaj, we are committed to empowering youth and businesses through practical tools and real investment. We don't just fund - we build complete support systems that include training, mentorship, planning, and market access. We believe digital transformation starts with people." (Source: Netaj)
Iraqi News
22-07-2025
- Business
- Iraqi News
Baghdad's Netaj unveils new push to boost Iraqi startups
Baghdad ( – Netaj, a Baghdad-based innovation firm, hosted an event in Baghdad focused on advancing Iraq's e-commerce sector and digital economy. The event brought together government officials, private sector representatives, diplomats, and technology experts to address sector challenges, including infrastructure, payment systems, and regulation. Netaj introduced a set of new initiatives aimed at supporting young Iraqi entrepreneurs and small businesses. Among them is a partnership with Haeiz, a digital retail platform that will offer tools, training, and support to help launch and manage online stores. The event also highlighted the progress of Nawat, a venture studio launched by Netaj earlier this year. Supporting over 40 startups, Nawat is building a $2 million fund to provide capital and operational support for early-stage businesses. These efforts form part of a broader strategy to expand access to digital tools and strengthen the foundations of Iraq's growing online economy.
Iraq Business
24-06-2025
- Business
- Iraq Business
Netaj Launches Nawat: "Iraq's First VC Studio"
By John Lee. Netaj -- a Baghdad-based innovation firm that offers venture support, strategic consulting, and capability-building for entrepreneurs and institutions -- has announced the official launch of Nawat, which it describes as the country's first-ever Venture Capital (VC) Studio. According to a press release, Nawat is designed to identify, support, and invest in high-potential Iraqi startups through a tailored 6-month journey that combines mentorship, product development, market access, and funding readiness. Wissam Mattout (pictured), CEO of Netaj, said: "Nawat is a movement to reimagine how startups are built and backed in Iraq. We are bridging the gap between raw talent and structured capital, offering founders a launchpad to scale both locally and globally. "For too long, Iraqi entrepreneurs have had to build in isolation. Nawat will equip them with the expertise, tools, and capital they need, not just to survive, but to lead the next wave of innovation in the region." The studio is open to 40 startups, segmented across three tracks: Ideation stage MVP/Prototype stage Early-established startups Each startup receives customized support, including expert-led bootcamps, one-on-one consultations, mentorship from industry veterans, and direct access to investors through demo days and curated matchmaking. "This is Iraq's moment," said Mattout. "If we want to build serious startups, we need serious infrastructure. Nawat is the missing puzzle piece - designed for founders, by founders." Nawat offers a hybrid investment model, combining: In-kind investment (product development, branding, digital tools) valued between $10K-$25K. Direct financial investment ranging from $25K-$250K using convertible notes or equity. Netaj aims to invest in the top 5 to 10 startups that demonstrate traction, scalability, and founder commitment to operational growth. (Source:
Iraqi News
23-06-2025
- Business
- Iraqi News
Netaj launches Iraq's first VC studio to boost local startups
Baghdad ( – Netaj, an innovation platform in Iraq, has officially launched Nawat, the country's first-ever venture capital (VC) studio, marking a major milestone in the nation's startup ecosystem. Based in Baghdad, Nawat will support 40 Iraqi startups through a six-month, hands-on program combining mentorship, product development, market access, and funding. The studio operates in three stages: ideation, MVP/prototype, and early-stage startups, providing tailored bootcamps, one-on-one guidance, and investor connections. 'Nawat is a movement to reimagine how startups are built and backed in Iraq,' said Wissam Mattout, CEO of Netaj. 'We're bridging the gap between raw talent and structured capital.' Startups will benefit from a hybrid investment model, including in-kind support valued at $10K–$25K and direct funding from $25K–$250K. Netaj plans to invest in the top 5–10 ventures showing high scalability and founder commitment.
CairoScene
23-06-2025
- Business
- CairoScene
Netaj Launches Iraq's First VC Studio to Support 40 Startups
Entrepreneurship platform Netaj has launched Nawat, Iraq's first venture capital studio, to support 40 startups with a six-month programme. Jun 23, 2025 Netaj's new venture studio in Baghdad aims to support early-stage Iraqi startups with funding and operational support. Main Body: Iraqi entrepreneurship platform Netaj has launched Nawat, a new venture capital studio based in Baghdad. The initiative will support 40 early-stage startups through a structured six-month programme focused on product development, operational growth, and access to funding. Nawat targets startups across three categories—ideation, MVP, and early market fit. Selected ventures will receive in-kind support valued between $10,000 and $25,000, including branding and product development services. Financial investments between $25,000 and $250,000 will be provided through equity or convertible note agreements. The programme includes startup bootcamps, tailored mentorship, and networking opportunities with investors. A final selection of five to ten high-performing startups will be eligible for follow-on investment and continued support after the programme ends. The initiative is part of Netaj's broader efforts to strengthen the Iraq's entrepreneurial infrastructure and attract investment into high-potential local ventures.
