Techstars and the Ministry of Communications and Information Technology of the Kingdom of Saudi Arabia have partnered to launch The Riyadh Techstars Accelerator.
The accelerator will work with startups and entrepreneurs building and growing their businesses in the Middle East and North Africa.
While Riyadh Techstars will be Techstars’ first in Saudi Arabia, the organization has been active in the region for years through more than 700 Techstars Startup Weekend events, the Techstars Dubai Accelerator and the Techstars Hub71 Accelerator in Abu Dhabi.
The accelerator is an extension of earlier cooperation between the Ministry and Techstars last July through the Techstars Startup Weekend COVID-19 KSA, where more than 550 Saudi entrepreneurs, of which two thirds were female, attended virtual panels, workshops and networking events to address challenges created by the COVID-19 pandemic.
The Riyadh Techstars Accelerator will begin accepting applications May 10, 2021, for a 13-week program that will take place from November 2021 through February 2022.
A Techstars Managing Director will lead the accelerator with support from a Techstars program manager, along with leadership and mentors from MCIT.
Participants in the three-month program will receive funding, hands-on mentorship from the Techstars and MCIT networks, access to curated workshops and resources, and access to the Techstars global network for life.