Investments
9Portfolio Exits
3Funds
3Partners & Customers
2About National Technology Enterprises Corporation
NTEC was created to play a role in servicing major stakeholders in Kuwait with their technology needs. NTEC's model is to provide solutions by accessing a specialized layer of technology that is based on Intellectual Property and is at the pre-commercialization stage. NTEC can help address Kuwait's needs for these technologies.

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Latest National Technology Enterprises Corporation News
Sep 9, 2018
Agreement signed to provide ACK students with training on renewable energy technology Australian College of Kuwait, National Technology Enterprises Company sign agreement KUWAIT: Engineer Abdullah A Al-Mutairi, CEO of EnerTech Holding Company (left) and Professor Dr Essam Zaabalawi, President of ACK shake hands after signing the agreement. — Photos by Yasser Al-Zayyat KUWAIT: The National Technology Enterprises Company (NTEC), owned by the Kuwait Investment Authority (KIA), signed a strategic cooperation agreement with the Australian College of Kuwait (ACK) yesterday. The joint cooperation is in the academic field, and through which training will be provided for ACK students to meet the needs of the local and international markets in the fields of renewable energy technology, energy efficiency, environment and sustainable development. The agreement was signed by Engineer Abdullah A Al-Mutairi, CEO of EnerTech Holding Company and Professor Dr Essam Zaabalawi, President of ACK. The agreement will help ACK graduates to work in the energy and development market through a range of programs. The signing ceremony was held at ACK headquarters. The cooperation agreement comes as part of NTEC’s operational plan to contribute to the vision of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to diversify energy sources and use alternative energy to generate 15 percent of the country’s total energy in 2030, in addition to achieving the goals of the ‘New Kuwait 2035′ vision. The agreement is intended to reflect the present understanding resulting from the discussions the parties have had in their negotiations about the terms and conditions of the proposed cooperation as to study and develop joint training curriculums, to exchange or assign personnel for collaborative training, projects or sharing experience, and to develop joint projects and trainings aimed at providing advanced technical support and services to local and regional industries. The agreement is also intended to transfer and exchange science and technology-related information, to exchange or share facilities and equipment for collaborative or independent research and trainings based on the policies of both parties, to organize or co-sponsor symposia, conferences, forums, seminars, workshops and training courses upon mutual interests, to extend invitations for attending scholarly and technical meetings as well as national and international conferences, and to provide opportunities for ACK students to obtain field training and internship at NTEC’s or its subsidiaries’ premises as part of their graduation requirements. By Faten Omar
National Technology Enterprises Corporation Investments
9 Investments
National Technology Enterprises Corporation has made 9 investments. Their latest investment was in NewBridge Pharmaceuticals as part of their Series B on September 9, 2010.

National Technology Enterprises Corporation Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/21/2010 | Series B | NewBridge Pharmaceuticals | $12M | Yes | ||
2/18/2010 | Series B | |||||
10/5/2009 | Series C | |||||
5/16/2009 | Series D | |||||
10/29/2007 | Series C |
Date | 9/21/2010 | 2/18/2010 | 10/5/2009 | 5/16/2009 | 10/29/2007 |
---|---|---|---|---|---|
Round | Series B | Series B | Series C | Series D | Series C |
Company | NewBridge Pharmaceuticals | ||||
Amount | $12M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources |
National Technology Enterprises Corporation Portfolio Exits
3 Portfolio Exits
National Technology Enterprises Corporation has 3 portfolio exits. Their latest portfolio exit was Immatics Biotechnologies on July 02, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/2/2020 | Reverse Merger | 3 | |||
Date | 7/2/2020 | ||
---|---|---|---|
Exit | Reverse Merger | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 3 |
National Technology Enterprises Corporation Fund History
3 Fund Histories
National Technology Enterprises Corporation has 3 funds, including National Technology Enterprises Co..
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/1/2002 | National Technology Enterprises Co. | Multi-Stage Venture Capital | Closed | 1 | |
Zad Communication & Technology Fund | |||||
Kuwait Life Sciences Co. |
Closing Date | 11/1/2002 | ||
---|---|---|---|
Fund | National Technology Enterprises Co. | Zad Communication & Technology Fund | Kuwait Life Sciences Co. |
Fund Type | Multi-Stage Venture Capital | ||
Status | Closed | ||
Amount | |||
Sources | 1 |
National Technology Enterprises Corporation Partners & Customers
2 Partners and customers
National Technology Enterprises Corporation has 2 strategic partners and customers. National Technology Enterprises Corporation recently partnered with EQUATE Petrochemical on September 9, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
9/8/2020 | Partner | Kuwait | The completion , in partnership with EQUATE Group and National Technology Enterprise Company , of the installation of solar panels , is the first solar project of its size for the country -- and will be used as a prototype for future government buildings to implement renewable energy solutions that create efficiencies and contribute to the protection of the environment . '' | 1 | |
9/8/2020 | Partner |
Date | 9/8/2020 | 9/8/2020 |
---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | Kuwait | |
News Snippet | The completion , in partnership with EQUATE Group and National Technology Enterprise Company , of the installation of solar panels , is the first solar project of its size for the country -- and will be used as a prototype for future government buildings to implement renewable energy solutions that create efficiencies and contribute to the protection of the environment . '' | |
Sources | 1 |
National Technology Enterprises Corporation Team
1 Team Member
National Technology Enterprises Corporation has 1 team member, including current Chief Executive Officer, Anas J. Meerza.
Name | Work History | Title | Status |
---|---|---|---|
Anas J. Meerza | Chief Executive Officer | Current |
Name | Anas J. Meerza |
---|---|
Work History | |
Title | Chief Executive Officer |
Status | Current |
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