National Technology Enterprises Company
VC · Safat (Kuwait)
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About
National Technology Enterprises Company is a venture capital investment firm specializing in direct and fund of funds investments. For direct investments, the firm seeks to invest in start-up, mid stage, late stage, and pre-commercialization stage. For fund of funds investments, it invests in international venture capital funds. The firm seeks to invest in life sciences, information and communication technologies, and energy, water, and cleantech. In life sciences, it prefers to invest in late-stage companies with a tendency to invest in issues related to diabetes, cardiovascular diseases, obesity, cancer, and other diseases relevant to Kuwait and the region. The firm also considers pharmaceutical, medical devices, healthcare, biotechnology, treatment or diagnosis, and products services. In information and communication technologies, it typically invests in emerging technologies in the wired and wireless domain spanning voice, data, and video both as products and services. The firm also considers infrastructure and networks, telecommunications, digital media, software as service, and E- Commerce. In energy, water, and cleantech, it primarily invests in a variety of technology offerings in the petroleum industry and in alternative energy spanning fuel cells, solar energy, heavy oil upgrade, extending oil life, water desalination, treatment, recycling, and purification, water management, environment, and hydrogen. The firm seeks to invest in new markets in the United States, Europe, Middle East, and GCC countries. In its international investments, the firm favors a co-investment role and prefers to play a lead role in the local and regional markets. It invests between $3 million and $10 million. The firm invests through the capital raised from its parent company Kuwait Investment Authority. The firm was founded in November 2002 and is based in Safat, Kuwait. National Technology Enterprises Company operates as a subsidiary of Kuwait Investment Authority.
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