Latest news with #OQX
Zawya
9 hours ago
- Business
- Zawya
Oman: OQX, ITHCA sign pact to commercialise innovation
MUSCAT: OQX, the research, development and innovation arm of OQ Group, has celebrated a major milestone with the graduation of the first cohort from its business accelerator programme. Thirteen startups took the stage to present their innovative solutions to a panel of energy and entrepreneurship experts from Oman and abroad, marking a significant step in OQ's mission to drive technology-led economic growth. Spanning sustainable energy, clean tech, artificial intelligence and energy asset optimisation, the showcased ventures reflected a bold vision for a smarter, greener future. The event drew interest from investors across Oman, Europe, Asia and South America, offering a platform for cross-border collaboration and shared investment potential. In a key highlight of the event, OQX signed a strategic agreement with ITHCA Group to support commercialisation of outcomes from the accelerator. The partnership aims to connect participating startups with funding opportunities and ecosystem initiatives, strengthening their path to market. The agreement was signed by Dr Ammar Mohammed al Ojaili, Vice President of Innovation at OQ, and Maha bint Mohammed al Balushi, Group Director at ITHCA. Dr Al Ojaili noted: 'This graduation marks a pivotal moment for the accelerator. It is proof of the programme's impact on launching startups that offer real, scalable solutions for the energy sector.' Echoing this, Maha al Balushi added: 'Our partnership with OQ reflects ITHCA's commitment to nurturing Oman's entrepreneurship ecosystem. By aligning innovation with market demand, we believe we can unlock new opportunities in ICT and related sectors while reinforcing Oman's position as a regional hub for technology and investment.' The accelerator forms part of OQ's broader commitment to developing a dynamic, private sector-driven innovative economy. By guiding startups from idea to implementation, OQ aims to foster high-impact ventures that contribute to sustainable national growth and global competitiveness.
Observer
11-05-2025
- Business
- Observer
OQX backs 13 Omani clean energy-linked startups
OQX, the Research and Development and Innovation arm of OQ, the global energy investment group, has launched its flagship accelerator programme with 13 pioneering startups that will drive Oman's sustainable energy future. Announced during Oman Sustainability Week 2025, the initiative represents a strategic investment in homegrown innovation aligned with OQ's global energy transition objectives. "This accelerator represents OQ's commitment to transforming Oman's innovation landscape," said Dr Ammar al Ojaili, VP of Innovation at OQ. "Through systematic conversion of our brightest ideas into market-ready solutions, we are positioning the nation as a leader in the new energy economy. Our programme ensures Omani innovation doesn't just compete but defines global energy standards." The carefully selected cohort demonstrates Oman's emerging leadership across critical energy technologies. In renewable energy optimisation, DAWM is developing nanocoatings to enhance solar panel efficiency, while Dymuma has created autonomous cleaning robots that maintain photovoltaic systems without water. AB Energy brings innovative thermal storage solutions and mobile solar microgrids to increase renewable energy accessibility. Water sustainability innovations feature prominently, with Desolenator pioneering solar-powered desalination and EcoSorb transforming palm waste into aerogel materials for water treatment. InkClear offers an equally compelling solution, replacing traditional activated carbon with marine waste-based filtration that reduces costs by 40 per cent. Dr Ammar al Ojaili, VP of Innovation at OQ. The programme also supports breakthroughs in industrial efficiency. Sentin leverages AI to revolutionise energy sector inspections, while Smart PSV brings intelligent monitoring to pressure safety valves. PolyPro Solutions enhances pipeline safety with polymer-based systems featuring predictive failure technology, and IPO Control optimises plant operations through AI-driven analytics. Circular economy innovations include BioChem's biological treatment of industrial gases and Green Catalyst's eco-friendly oil desulphurisation process. The cohort is rounded out by specialised solutions like the rotor dynamics simulation, demonstrating the programme's commitment to supporting critical energy technologies. The programme offers participants direct access to OQ's industry expertise and international network, with a structured pathway from prototype to commercialisation. Building on the success of OQ's December 2024 pre-accelerator, this initiative creates a complete innovation lifecycle supporting ventures from concept through to scale. With applications for a second cohort, OQX is establishing Oman as a regional hub for energy innovation. The programme's unique value lies in its ability to connect promising technologies with OQ's global infrastructure and market access, accelerating the development of solutions that can transform the energy sector.
Muscat Daily
11-05-2025
- Business
- Muscat Daily
OQX launches 13 startups to advance energy innovation
Muscat – OQX, the Research, Development and Innovation arm of OQ Group, has launched its flagship accelerator programme with 13 pioneering startups that will drive Oman's sustainable energy future. Announced during Oman Sustainability Week 2025, the initiative represents a strategic investment in homegrown innovation aligned with OQ's global energy transition objectives. 'This accelerator represents OQ's commitment to transforming Oman's innovation landscape,' said Dr Ammar al Ojaili, VP of Innovation at OQ. 'Through systematic conversion of our brightest ideas into market-ready solutions, we are positioning the nation as a leader in the new energy economy. Our programme ensures Omani innovation doesn't just compete but defines global energy standards.' The carefully selected cohort demonstrates Oman's emerging leadership across critical energy technologies. In renewable energy optimisation, DAWM is developing nanocoatings to enhance solar panel efficiency, while Dymuma has created autonomous cleaning robots that maintain photovoltaic systems without water. AB Energy brings innovative thermal storage solutions and mobile solar microgrids to increase renewable energy accessibility. Water sustainability innovations feature prominently, with Desolenator pioneering solar-powered desalination and EcoSorb transforming palm waste into aerogel materials for water treatment. InkClear offers an equally compelling solution, replacing traditional activated carbon with marine waste-based filtration that reduces costs by 40%. The programme also supports breakthroughs in industrial efficiency. Sentin leverages AI to revolutionise energy sector inspections, while Smart PSV brings intelligent monitoring to pressure safety valves. PolyPro Solutions enhances pipeline safety with polymer-based systems featuring predictive failure technology, and IPO Control optimises plant operations through AI-driven analytics. Circular economy innovations include BioChem's biological treatment of industrial gases and Green Catalyst's eco-friendly oil desulphurisation process. The cohort is rounded out by specialised solutions like the rotor dynamics simulation, demonstrating the programme's commitment to supporting critical energy technologies. The OQX programme offers participants direct access to OQ's industry expertise and international network, with a structured pathway from prototype to commercialisation. Building on the success of OQ's December 2024 pre-accelerator, this initiative creates a complete innovation lifecycle supporting ventures from concept through to scale. With applications for a second cohort, OQX is establishing Oman as a regional hub for energy innovation. The programme's unique value lies in its ability to connect promising technologies with OQ's global infrastructure and market access, accelerating the development of solutions that can transform the energy sector.
