Deadline: 5-Apr-23
The Riyadh Techstars Accelerator Programme is now open for applications that are focused on startups building and growing their businesses in the Middle East and North Africa.
Techstars accelerators have one goal: to help entrepreneurs succeed. During each three-month program, they surround companies with the best mentors and an unrivaled network of corporate partners, investors, and alumni.
They provide funding and fundraising opportunities, workshops and curated resources, not to mention countless moments where you can learn from your peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.
Benefits
- Access to Techstars resources for life;
- Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;
- Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;
- Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $5M;
- Demo Day exposure and other investor connections.
- Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.
Eligibility Criteria
- They fund all types of startups, working in all verticals, using any type of business models. Do keep in mind, however, that their focus is on startups rather than small businesses.
- They do their best to avoid accepting competitive companies into the same program class.
- You can apply to any program, and they’ve funded companies from many different countries.
- You only need to submit one application to programs running at the same time. Within your application you can choose a second choice program or let them know you are only interested in that program or want help determining another program.
- They provide financial support to organizations committed to increasing diversity in entrepreneurship.
- The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
Criteria
They choose great founders who are proposing products that solve real problems or create meaningful innovations. For them, it’s about the team. For this reason, they’re less likely to accept single founder companies (you’re less likely to have all the skills your company needs to succeed). The best things you can do to strengthen your application are:
- Round out your team with business, technical, and other necessary skills;
- Make progress on your prototype or product and reference it in the application;
- Show them you’ve really thought about your business and have gotten out there to do something about it;
- Demonstrate early traction or provide data points to validate your core assumptions
For more information, visit Techstars.
