Netaj — a Baghdad-based innovation company that gives project support, strategic consulting, and functionality-building for marketers and establishments — has announced the respectable launch of Nawat, which it describes because the country’s first-ever venture Capital (VC) Studio.
according to a press launch, Nawat is designed to discover, support, and invest in high-ability Iraqi startups via a tailored 6-month journey that combines mentorship, product development, market get right of entry to, 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’re bridging the gap between uncooked talent and dependent capital, supplying founders a launchpad to scale each domestically and globally.
“For too long, Iraqi entrepreneurs have had to build in isolation. Nawat will equip them with the understanding, tools, and capital they need, no longer just to live to tell the tale, but to guide the subsequent wave of innovation inside the vicinity.”
The studio is open to forty startups, segmented throughout 3 tracks:
Ideation degree
MVP/Prototype stage
Early-installed startups
every startup receives customized assist, together with professional-led bootcamps, one-on-one consultations, mentorship from industry veterans, and direct get entry to to investors through demo days and curated matchmaking.
“this is Iraq’s second,” stated Mattout. “If we want to construct critical startups, we want critical infrastructure. Nawat is the missing puzzle piece – designed for founders, via founders.”
Nawat offers a hybrid investment model, combining:
In-type investment (product development, branding, virtual gear) valued among $10K-$25K.
Direct economic funding starting from $25K-$250K the use of convertible notes or equity.
Netaj aims to invest within the pinnacle 5 to ten startups that display traction, scalability, and founder commitment to operational boom.
