Summary
NeuroTech/Smart Eye, established in 2018 and based in Jordan, specializes in smart energy management solutions. Initially focused on renewable energy, the company has expanded into digitalization, IoT, AI, and big data, targeting humanitarian sectors. They develop and implement smart energy meters and provide software and hardware solutions for energy management in refugee camps, households, and commercial settings. NeuroTech has significant contracts with NGOs, government tenders, and projects in UAE, Africa, and the USA.
Investment Thesis
NeuroTech/Smart Eye presents a compelling investment opportunity due to its innovative approach to energy management in humanitarian and commercial settings. The company’s ability to secure large contracts and its focus on expanding into new markets highlight its growth potential. Investment will support scaling successful pilot projects and expanding market reach, particularly in regions like the UAE, Africa, and the USA, where sustainable energy solutions are in high demand.
Refugee Impact
NeuroTech/Smart Eye has a significant positive impact on refugee communities by providing stable and efficient energy solutions. These projects enhance economic activities in refugee camps, such as in Azraq and Zaatari, and support Syrian households in Mafraq. The company’s efforts in energy management contribute to improving living conditions and promoting sustainable practices within these communities. The Company employs a total of 27 individuals, comprising 14 full-time and 13 part-time staff, including 5 Syrians and 15 females, with a strong focus on integrating local community members. The workforce is expected to double with a new contract from the Ministry of Digital Economy & Entrepreneurship.
Management
Co-founder and COO- Omar Asad.
CEO – Heba Asaad.