Women-led startups amongst finalists in PIF’s Sanabil, 500 Global accelerator program
RIYADH: Sanabil Investments, wholly owned by the Public Investment Fund, and 500 Global, a number one international enterprise capital agency on Sunday unveiled 11 startups within the second batch of the Sanabil 500 MENA Seed Accelerator Program 2021.
Female founders lead a 3rd of the batch, signaling 500 Global’s dedication to proceed supporting variety. The program offers pre-seed and seed-stage startups throughout the Middle East and North Africa with the inspiration they need to validate and scale their enterprise regionally and globally.
Selected out of 500 candidates, the finalists are working in a various vary of sectors, together with fintech, ecommerce, NFT, well being tech, and actual property tech.
“The Sanabil 500 MENA Seed Accelerator aims to create a resilient, integrated, and sustainable entrepreneurial ecosystem that attracts young companies from around the region and contributes to its growth. We’re excited to support such talented founders as they embark on a promising journey,” stated Bedy Yang, managing companion at 500 Global.
More than 60 p.c have their most important operations in Saudi Arabia or have a founding father of Saudi origin, whereas startups with out headquarters within the nation have indicated their intent to set up operations in Saudi Arabia inside the subsequent three years.
“Our 11 finalists reflect the evolving breadth and depth of today’s entrepreneurial ambitions and where founders believe their products and services could soon make a difference in our everyday lives,” stated a Sanabil spokesperson.
The 12-week program, which concluded in Riyadh with Demo Day, supplied founders devoted mentorship with a spotlight on enterprise technique improvement, fundraising, and development.
Following is the listing of the batch 2 startups:
Bringy: Enables clients to buy and declare insurance coverage on-line with a couple of easy clicks.
Nuqtah: NFT market for creatives in Saudi Arabia.
Ameen: Licensed therapist within the consolation of your house.
Jingle Pay: Digital banking app that simplifies expats’ on a regular basis monetary wants.
Below: Direct-to-consumer centered on below-the-waist hygiene merchandise for males in MENA.
Playbook: Edutainment platform {and professional} community that accelerates profession development for ladies.
Nitros: Multicarrier transport software program empowering on-line retailers to automate their transport operations.
Letswork: A market and digital membership that connects customers to on-demand workspaces, personal workplaces and assembly rooms.
Juleb: SaaS for pharmacies that helps enhance their gross sales and ensures compliance via an enterprise useful resource planning system that streamlines level of sale processes.
TeamUp: Event administration app for organizing and sharing sports activities competitions.
Twinn Health: Enables early illness detection utilizing imaging and AI instruments to lengthen a wholesome human lifespan.