Orbit Startups and Sanabil Investments have jointly unveiled the Sanabil Accelerator by Orbit, a dedicated programme designed to support early-stage startups in Saudi Arabia and the wider Middle East and North Africa (MENA) region. This initiative is set to target sectors including fintech, healthcare, e-commerce, and mobility, welcoming both local startups and international companies aiming to expand within the region.
The programme leverages Orbit’s extensive experience, having supported 45 portfolio companies in MENA since 2020, and aligns with Saudi Arabia’s ambition to establish itself as a global hub for digital innovation. Each selected startup will benefit from an initial investment of $100,000, along with potential avenues for additional funding.
### Key Features of the Sanabil Accelerator
– **Duration**: A comprehensive four-month programme.
– **Focus Areas**: Sales, marketing, and product development.
– **Ongoing Support**: Participants will have lifetime access to a robust network of mentors, investors, and partners.
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### Additional Reading
India Accelerator unveils Cohort ’25, commits $8-10M for tech startups
“Entrepreneurship acts as a catalyst for economic change, while technology expands the parameters of what is achievable,” stated William Bao Bean, Managing General Partner of Orbit Startups. “For the past 15 years, we have been fostering innovation by connecting startups with major corporations and governments. Our collaboration with Sanabil strengthens our pledge to scale startups across borders in the MENA region. By providing startups with essential resources, we are not only facilitating industry disruption but also unlocking significant economic opportunities,” Bao Bean elaborated.
“Working alongside Orbit, we are dedicated to empowering early-stage startups across various sectors such as technology, healthcare, web3, and mobility. The Sanabil Accelerator by Orbit aims to foster innovation and stimulate the expansion of Saudi Arabia’s startup ecosystem, showcasing our commitment to supporting visionary entrepreneurs and promoting long-term sustainable growth,” commented a representative from Sanabil Investments.