Workshops Opportunity for Startups at Techstars in Saudi Arabia

Techstars offers a workshop opportunity for startups entitled; the Riyadh Techstars Accelerator. This training is focused on startups building and growing their businesses in the Middle East and North Africa. This is your opportunity to can access financial, human, and intellectual capital to fuel the success of your business. 

If you are accepted to a Techstars Accelerator, you will have:

• Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% equity of the company (on a fully diluted basis, issued as common stock).
• Access to Techstars resources for life.
• Acceleration in a 90-day Techstars program with intense, hands-on mentorship from Techstars Mentors.
• Connections to the Techstars Network of over 10,000 founders, alumni, and mentors globally.
• Office space for three months (unless you are participating in a virtual program).
• Demo Day and other investor connections.
• Equity Back Guarantee, the only one of its kind in the industry.

You should follow these terms:

1. It funds all types of startups, working in all verticals, using any type of business model. However, its focus is on startups rather than small businesses.
2. You should be primarily based on-site during the program unless you are participating in one of the virtual programs.
3.  Techstars doesn’t provide a place to live. 
4. English is the primary language that uses in verbal and written communications.
5. Single founder companies will not be accepted (you’re less likely to have all the skills your company needs to succeed). 
6. 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.
• Demonstrate early traction or provide data points to validate your core assumptions.

Please note: 

• The final group of companies notifies being accepted within eight weeks from the application closing date.
• In the unlikely event that a participating company is dissatisfied with their experience in the Techstars program, Techstars offers an Equity Back Guarantee.

Selection Process:

•  Techstars look at team, market, progress, idea—in that order.

About Techstars:

 Techstars is an investment and innovation group that connects entrepreneurs, investors, corporations, and city governments to solve challenges across industries and geographies. It pioneered the accelerator program model in 2006 working toward the vision of a connected global economy of innovation. Since 2015, Techstars Foundation has worked to make innovation and entrepreneurship more accessible and inclusive by investing in and accelerating nonprofits that deliver scalable impact for underestimated entrepreneurs.

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