Predict your next investment

Government
ntec.com.kw

See what CB Insights has to offer

Investments

9

Portfolio Exits

3

Funds

3

About 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.

National Technology Enterprises Corporation Headquarter Location

Kuwait Chamber of Commerce Building Floor 8

13023,

Kuwait

(965) 2230300 - 2406340

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest National Technology Enterprises Corporation News

Agreement signed to provide ACK students with training on renewable energy technology

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.

CBI Logo

National Technology Enterprises Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2010

Series B

NewBridge Pharmaceuticals

$12M

Yes

2/18/2010

Series B

Subscribe to see more

$99M

Subscribe to see more

0

10/5/2009

Series C

Subscribe to see more

$99M

Subscribe to see more

0

5/16/2009

Series D

Subscribe to see more

$99M

Subscribe to see more

0

10/29/2007

Series C

Subscribe to see more

$99M

Subscribe to see more

10

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

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$12M

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

0

0

0

10

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

$99M

3

11/23/2013

IPO

Subscribe to see more

$99M

Subscribe to see more

10

7/19/2011

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/2/2020

11/23/2013

7/19/2011

Exit

Reverse Merger

IPO

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

10

10

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

Subscribe to see more

Subscribe to see more

10

Kuwait Life Sciences Co.

Subscribe to see more

Subscribe to see more

10

Closing Date

11/1/2002

Fund

National Technology Enterprises Co.

Zad Communication & Technology Fund

Kuwait Life Sciences Co.

Fund Type

Multi-Stage Venture Capital

Subscribe to see more

Subscribe to see more

Status

Closed

Subscribe to see more

Subscribe to see more

Amount

Sources

1

10

10

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

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.