The Iraq VC studio launch represents a bold step forward for the country’s innovation ecosystem. Netaj, a leading innovation platform, unveiled Nawat, Iraq’s first venture capital studio, during a major event in Baghdad.
Nawat will support 40 startups through a six-month program. To begin with, the program includes mentorship, market access, product development, and capital. As a result, this effort directly targets Iraq’s growing community of young entrepreneurs.
In terms of structure, the studio uses a three-stage process: ideation, prototype development, and early-stage startups. At each stage, founders receive custom bootcamps, one-on-one mentoring, and investor networking opportunities. Meanwhile, Netaj CEO Wissam Mattout described Nawat as a movement to rebuild Iraq’s startup culture. According to him, the goal is to connect local talent with structured financial support.
Moreover, Nawat introduces a hybrid investment model. Startups will receive in-kind services worth $10,000 to $25,000. In addition, some will secure direct funding from $25,000 up to $250,000.
Netaj plans to invest in the top-performing ventures. Selected teams must show strong founder commitment and business scalability. This approach ensures that funding goes to startups with real growth potential.
As a result, the Iraq VC studio launch gives new life to Iraq’s entrepreneurial ambitions. With hands-on support and smart investment, local startups gain a better chance to succeed. Furthermore, the program fosters long-term partnerships between founders, mentors, and investors. This network will likely expand Iraq’s startup community beyond Baghdad.
Startups in Nawat’s program gain more than money. They receive guidance, exposure, and access to new markets. These tools help reduce early-stage failure and increase sustainability. Additionally, the initiative aligns with Iraq’s larger goals for economic diversification. Government and private leaders recognize the need to shift from oil dependency to innovation-driven growth.
Clearly, the Iraq VC studio launch signals a shift toward structured, scalable startup support. It offers hope to founders across Iraq who need direction, funding, and opportunity.
With momentum building, Iraq’s startup scene may soon become a regional success story.
