Arab Press

بالشعب و للشعب
Thursday, Aug 28, 2025

Pre-seed investor Techstars announces continuation of Riyadh startup program  

Pre-seed investor Techstars announces continuation of Riyadh startup program  

The organizers of The Riyadh Techstars Accelerator announced the continuation of the startup program this year after successfully completing the first edition in 2022 with investments in 11 portfolio companies from Saudi Arabia and the wider Middle East and North Africa region.
The 13-week program, which will take place from June through September 2023, is run by pre-seed investor Techstars in collaboration with Saudi Arabia’s Ministry of Communications and Information Technology, RAED Ventures and Saudi National Bank.

As a part of Saudi Arabia's emerging entrepreneurial ecosystem, the accelerator will work with startups and their founders on building and growing businesses in the MENA, according to a press release.

Saudi Minister for Communications and Information Technology Abdullah Alswaha said the Kingdom’s tech market has grown significantly over the years and is now worth more than $40 billion with over 318,000 jobs in the sector.

“The nation is also making significant strides in enabling diversity in the workforce with more and more women employed in the ICT industry. Agility and resilience, powered by talent and technology, have enabled Saudi Arabia to reach new heights,” he said.

The Riyadh Techstars Accelerator is now accepting applications from both Saudi-based entrepreneurs and startups from across the Middle East.

The participating companies will benefit from Techstar’s model that provides funding and fundraising opportunities, workshops and curated resources, as well as mentors and access to a network of partners, investors, and alumni.

The program is also set to benefit from the deep connections with the leadership and mentors from MCIT, SNB and RAED Ventures. Once the program is complete, the portfolio will have lifetime access to the Techstars global network of more than 3,300 other startups, the press release added.

Techstars said the continuation of this program underscores their “commitment to making innovation and entrepreneurship more accessible and inclusive for entrepreneurs” no matter where they operate around the world.

“I am extremely enthusiastic about the growth of the Saudi Arabian and broader Middle East startup ecosystem. Between the Kingdom’s investment in entrepreneurship and its central location, Riyadh is able to attract global startup talent for the entire region. Part of what we do at Techstars is to help founders connect their innovation with the rest of the world,” said Maëlle Gavet, CEO of Techstars.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
×