N2V Adds AqarMap, Qaym And True-Gaming To Their Portfolio

National Net Ventures, better known as N2V, and one of the top internet groups in the Middle East, have been on an investment roll lately, announcing three new investments in regional startups within the past couple of weeks alone.

The three startups cover three different areas, following N2V’s strategy to diversify their portfolio of internet properties and expand regionally and globally to cover new areas of interest for users in the Arab world.

The announced investments were in the following startups: AqarMap, Qaym and True-Gaming.

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AqarMap.com Launches New Version Based On User Feedback

AqarMapAqarMap.com, the regional online real estate marketplace that was launched a few months ago, and that enables users to search for houses, apartments and land based on location, through satellite maps, has launched a new version.

According to numbers from AqarMap, they’ve grown quite well over the past few months, reaching a number of over 600 registered Real Estate companies and brokers, who are using the service and posting their properties on it.

The new version of the site aims to bring improved usability and more features for the users. The interesting thing is that all the enhancements and features in this new version were built on ideas and features requested by the early adopting users and clients of AqarMap, which makes it pretty much a crowd sourced effort.

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AqarMap.com A New Take At Real Estate eMarketplaces

AqarMapWhile Real Estate owners continue to struggle to overcome the results of the financial crisis that hit them the hardest, and find themselves working harder to sell or rent their properties in today’s economy; you’d think that this wouldn’t really be the best time for someone to go ahead and launch a real estate portal.

However, I’m sure the founders of AqarMap would disagree, and would argue that it is at times like these that opportunities are created; I know because I had this discussion a few months ago with the CEO of AqarMap, Amad Almsaodi, who has been driving this effort.

The idea is that as things are currently quite tight for real estate companies and owners, and their marketing budgets aren’t what they used to be, they need more affordable and efficient marketing channels; and that is the spot AqarMap wants to establish itself in, launching to specifically target this demand with a new platform that tries to take a different and more innovative approach to matching sellers and buyers based on location.

What AqarMap aims to do is tackle the weakness in the regional addressing system by allowing real estate owners to precisely identify their properties using satellite maps; enabling buyers and renters to search the market by browsing an interactive map instead of using keywords.

Amad Almsaodi, CEO of AqarMap.com, says: “We built our marketplace by capitalizing on the Real Estate golden rule: Location, Location, Location. The price of a property is irrelevant if it is not in the customers preferred location. Customers can now search by location and find the nearby points of interest, such as: parks, schools, public transportation, …etc.”

AqarMap

Property owners can post their listings on AqarMap.com for free, and for a small fee they can promote their listings to gain higher visibility on the map, also enabling geo-targeting of potential clients to increase click-throughs.

AqarMap.com also uses a number of different technologies and services to empower its users; Google maps for location, YouTube for videos of properties, Twitter and Facebook to help share listings in social circles, as well as other services to translate content and convert numbers and currencies.

AqarMap is a service based out of Yemen, is currently available in both Arabic and English, and has already taken part in several regional competitions over the past period and won a number of awards.

Arab Technology Business Plan Competition 2009 Semi-Finalists

The Arab Technology Business Plan CompetitionThe Arab Technology Business Plan Competition, which is a regional Technology investment competition organized by Arab Science and Technology Foundation (ASTF) in cooperation with Intel Corporation, has just announced the list of semi-finalists for this year’s edition of the competition.

The list of 12 semi-finalists includes, in no particular order:

  • AqarMap (Yemen): An online real estate marketplace.
  • Telephone line powered lamp (Palestine): A solution to the frequent power outages in Gaza.
  • EDOM (Jordan): A system to produce green energy.
  • m-CASH (Palestine): A mobile payments solution.
  • Human Heater (Jordan): A new innovative heating product.
  • Therapeutic Vaccines (UAE): Vaccines to help treat chronic inflammation and cancer.
  • NovelMed (Egypt): New medical device.
  • Eye Controlled Typing (Palestine): Technology to help people with physical disabilities use computers.
  • Collapse Analysis (Egypt): Software applications to analyse building structures.
  • Wiphone (Egypt): Technology to convert earth frequency into wifi frequency and vice versa.
  • Blue Soft/Blue Phone (Egypt): Solution to minimize train accidents.
  • HFF (Egypt): Technology to  extract hydrogen from water and use it to generate green energy.

The competition provides the Arab entrepreneurs with a number of needed tools and skills through training and mentoring, in order to turn their Technological innovation into business opportunities.

The top 3 winners will get cash prizes of $10k, $6k and $4k respectively; and will have the opportunity to show their business plans in front of venture capitals, angel fund and investors in the ASTF Investment in Technology Forum.

The top 2 winners will also get to represent the Arab World in the world wide finals of the Intel + UC Berkeley Technology Entrepreneurship Challenge (USA).