Global Technology and Innovation Partners (GTIP)

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GTIP is an innovative new partnership based in Silicon Valley and targeting investments across the Middle East, North Africa, and South Asia (MENASA) regions. Through the Rising Tide Fund, we will build local entrepreneurial ecosystems and provide seed-, early-, and growth-stage capital for innovative ventures led by exceptional entrepreneurs.

Headquartered in Silicon Valley, our presence, roots, and networks are spread across the globe. Over the last 25 years, we have invested in excess of $1.5 billion across 14+ funds, co-founded or chaired over 30 companies, and created market value in excess of $25 billion.

GTIP's Rising Tide Fund is initially focused on five emerging markets: Egypt, Jordan, Lebanon, Turkey, and Malaysia. Building upon existing infrastructure, we are creating a sustainable entrepreneurial ecosystem in each target country. We are establishing local PlugandPlayTechCenter (PnP) incubators to serve as our bases of operation and regional hubs for support, networking, and mentorship.

As a Venture Capital fund, Rising Tide will invest in all company stages, supporting promising startups from creation to maturity. We will deploy $250 million of capital in four market sectors, each exceeding $1 trillion: 1) Information and Communication Technology (ICT); 2) Alternative Energy and Green Technology; 3) Healthcare; and 4) Mobile Applications. All companies will be supported by world-class mentorship from successful executives and entrepreneurs as well as the expertise of GTIP. 

GTIP's Rising Tide Fund will bring lasting change to the region. In addition to high returns on investment, we are targeting the creation of at least 5,000 jobs, and the creation of $800 million in wealth. Through mobilizing the power of the Diaspora as well as the proven model of PnP, GTIP will build an infrastructure in each target country that will last far beyond the life of the fund.

GTIP Managing Directors:

Brce

Ossama Hassanein, PhD
Sr Mananging Director, Newbury Ventures
Ossama is a passionate entrepreneur and venture capitalist with over 30 years experience founding, funding and growing technology companies.

Raouf Raouf Abdel Messih
Founder & Chairman, Technoram Holdings
Raouf is a founder and co-founder of many companies in the field of information technology, telecommunications and media in both Egypt and the United States.
Saeed Amidi
Founder & CEO, PlugandPlayTechCenter
Founder of the world's most successful incubator, Saeed is a serial entrepreneur, seasoned executive, and seed-stage investor with over 30 years of experience.
Brce Bruce Bauer, PhD
Sr Mananging Director, Newbury Ventures
Bruce is a founder of Newbury and has 26 years experience in the VC industry. His expertise is focused on healthcare IT, security, imaging, and enterprise software.


GTIP Ecosystem Partner:


The cornerstone of GTIP’s strategy is establishing PlugandPlayTechCenter (PnP) incubators across the region as a focal point for the local entrepreneurial ecosystem, recreating Silicon Valley in each target country.  PnP is the world’s most successful incubator, with 500+ startups accelerated and $750 million capital raised.  The GTIP PnP will be the center of a region-wide support structure: entrepreneurs will freely exchange ideas between one another and mentors will share their knowledge and experience. Each PnP will have resident corporate partners, venture capitalists, banks, and other investors – these groups enrich the incubator ecosystem as clients, suppliers, financiers, or partners, but also reap benefits themselves from their proximity to a source of high-quality start-ups.

 



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A New Beginning


In his speech at Cairo University, President Obama announced a new vision: to promote entrepreneurship, innovation, and technological development throughout the world.

The Global Technology and Innovation Partners (GTIP) bring together the dedication and experience required to implement this vision throughout the Middle East and South Asia (MENASA) region.

GTIP has a wide network of partners and supporters, including the US Department of State. Secretary Hillary Clinton recently profiled GTIP at the Presidential Summit on Entrepreneurship (video below)

Friends of GTIP

   U.S. Department of State - Great Seal
As announced by Secretary of State Hillary Clinton, the Department of State has entered into a partnership with GTIP to catalyze innovation, entrepreneurship, and economic development in emerging markets across MENASA; including Egypt, Jordan, Lebanon, Turkey, and Malaysia.


egyptJORDAN
We have an enduring relationship with the Egyptian and Jordanian Ministries of Communication and IT. The ministries will work with GTIP to identify local partners, source entrepreneurs, and establish Plug and Play Tech Centers in each country.


GTIP has partnered with TechWadi, Silicon Valley's leading networking association for Arab-American high-tech professionals, to establish the TechWadi 100. TW100 is an exclusive network of successful executives, entrepreneurs and investors dedicated to giving back to their communities through mentorship of promising startups in the MENA region.













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