Scale Iraq - A Transformative Investment Readiness Program for Iraqi Startups:

 

The launch of #ScaleIraq marks a significant milestone in the effort to boost the Iraqi entrepreneurship ecosystem. This pioneering investment readiness program, through the collaborative efforts of the International Finance Corporation (IFC), the Ministry of Foreign Affairs of the Kingdom of the Netherlands and Iraq Venture Partners, is uniquely designed to enhance investment readiness for Iraqi startups.

#ScaleIraq aims to build a robust portfolio of investment-ready companies by providing potential Iraqi startups with essential technical support and visibility opportunities both regionally and globally. #ScaleIraq is set to pave the way for local and international investments, driving the success of Iraqi entrepreneurs.

As a vital component of IFC's broader #ScaleMashreq program that aims to empower more than 150 startups across the region, #ScaleIraq supports 30 Iraqi Startups. This initiative promises to deliver comprehensive support, including mentorship, technical assistance, and access to a wide network of investors. Such support ensures that participating companies are not only prepared for investment but are also positioned for sustainable growth and success, helping them attract investments and De-risk Investments in Iraqi Startups.

The collaborative effort among the IFC, the Ministry of Foreign Affairs of the Kingdom of the Netherlands, and Iraq Venture Partners underscores a substantial international commitment to fostering economic progress and innovation in Iraq. This partnership leverages extensive experience and resources, increasing the efficacy and impact of the program. The involvement of these prominent organizations also provides a strong endorsement of the latent potential within Iraq’s entrepreneurial sector, promising to propel the nation's economic landscape to new heights.

Looking forward, Scale Iraq is poised to play a transformative role in the Iraqi economy by systematically developing the capabilities of its entrepreneurs and smoothing the path to substantial investments. This initiative promises to boost individual startups and contribute significantly to the broader economic fabric of Iraq, fostering an environment ripe for innovation and growth.