By Vijay Tirathrai, Managing Director of Techstars Riyadh Accelerator
Today is the kick-off of the first Techstars program in Saudi Arabia. We are excited to announce our investment in 12 startup companies from Saudi Arabia and the wider MENA region. These companies are innovating in 6 sectors including EdTech, FinTech, Logistics, and more.
We are also thrilled to be partnering with MCIT and Raed Ventures to help grow the startup ecosystem and drive innovation in the region. MCIT has been a leader in driving entrepreneurship and innovation in the Technology sector, led by the Vision 2030. Raed Ventures is on a mission to invest in innovative regional founding groups, and their regional expertise will help these companies navigate these markets.
Saudi Arabia is going through a once-in-a-century transformation of its economy. The country is witnessing a massive amount of investment, with the building of a digital infrastructure in all its vital sectors like the financial, health, and education.
The partnership between Techstars, MCIT, and Raed Ventures embodies that drive and ambition to serve these new opportunities. This program will enable regional startups to build sustainable businesses in Saudi Arabia and provide growth potential into the wider MENA region.
The Riyadh Techstars Accelerator program is scheduled for 13 weeks starting today and culminating into the Demo Day on 17th of February 2022 to mark the end of the program.
Please join us in welcoming the 12 companies of the Techstars Riyadh 2022 program:
A tutoring network marketplace that connects students with qualified on-demand tutors on a mobile app
Digitizing the way businesses trade spare parts by offering the in-between digital, operational and logistical integrated solutions
DawaFast aims to build a specialized service that connects the end user to pharmacy products with the best quality of delivery. We envision to mimik the pharmacy shopping experience in a digital way by providing a digital platform (Mobile app, web app) that gives the user the best online pharmacy shopping experience.
A marketplace to find live and interactive online activities for kids
Glamera App helps users to book appointments for beauty Services from service Providers: spas, Salons, gyms and clinics, And SaaS for managing the service providers activities
Hakbah is an alternative savings platform digitizing and elevating financial habits
One B2B interface between a food business and its operational and on-demand ecosystem, from inventory to integrations to income.
We enable every Butchery to connect with every Meat Lover across the city.
OnEx is the medical manufacturer’s portal to assign distributors in the any country worldwide.
Tegarti provides one stop shop for Retail SMBs, where merchants can seamlessly access Retail Management, Supply Chain, eCommerce and payment solutions.
An API Aggregator enabling E-store owners selecting the best shipper based on price, insurance, destination, and item value, with a single click set-up.
Untap is an all-in-one software used by organizations to plan, launch, manage, and assess online innovation and talent acquisition programs.
Vijay Tirathrai is a Managing Director of Techstars. Previously he was the Global CEO and Chairman of the Entrepreneurs Organization (EO) based in Washington D.C. Vijay has been a serial entrepreneur, an impact investor and a thought leader who serves on several boards of technology companies and nonprofits.