OQX Celebrates Graduation of First
Accelerator Cohort

Muscat, 24 Jun (ONA) — 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 the
Sultanate of Oman and abroad, marking a significant step in OQ’s mission to
drive technology-led economic growth.

Spanning sustainable energy, clean
tech, artificial intelligence (AI) 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 the market
introduction and scaling of startups emerging 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 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.

—- Ends/Khalid