Injazat Technology Fund to invest in Jordans’ Rubicon
Injazat Technology Fund, a venture capital firm in the Middle East and North Africa (MENA) region has recently announced that it invested in Rubicon, an animation and multimedia software-development firm in the Middle East.
Jordan-based Rubicon is one of the foremost 2D and 3D animation studios in the region, working with international movie studios such as FatRock, in addition to its growing relationship with regional networks such as the Arab Radio & Television (ART) and the Cartoon Channel.
The company is also active in the fields of e-training and e-education, database-driven websites, enterprise solutions, corporate profiling, web-topped internal policies and procedures, orientation presentations and web marketing.
Under its initiative to develop e-education in the Middle East, Rubicon offers reusable courses utilized by educational institutions and corporate companies, as well as custom made courses developed for governments and the public sector such as traffic instruction courses for law enforcement agencies.
Injazat Technology Fund is a $50 million venture capital fund operating in compliance with Shari'a principles and targeting technology companies within the MENA region. The Fund was initiated by the Islamic Corporation for the Development of the Private Sector (ICD) and affiliate of the Islamic Development Bank (IDB) and Gulf Finance House (GFH), in partnership with Dubai Islamic Bank, Saudi Economic and Development Company (SEDCO) and Iran Foreign Investment Corporation (IFIC). — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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