Techstars Accelerator Celebrates Graduation of 12 Startups

The entrepreneurial landscape witnessed a landmark occasion with the culmination of the Techstars Riyadh Accelerator Startup Demo Day, according to an announcement.^[1]  

This event served as the grand finale of the Techstars Riyadh Accelerator program, a dynamic three-month initiative designed to bolster Saudi startups.

A dozen innovative companies spanning financial technology, e-commerce, and artificial intelligence took the stage on this day, delivering presentations encompassing their products, services, and future strategic endeavors to potential investors.

Beyond mentorship, the accelerator offered crucial resources, funding, workshops, and an invaluable platform for collaborative learning among peers.

First Month: Building Unrivaled Connections

The first month of the program, known as 'Mentor Madness,' saw participating startups engaging with approximately 100 experts from the Techstars network.

This phase enabled them to select three to five primary advisors, forming a virtual advisory board.

Advisors guided a spectrum of crucial areas, including product development, market fit, technology, fundraising, and company culture.

Second Month: Execution and Growth

Building upon the knowledge acquired in the first month, startups collaborated with program managers and operations directors to translate insights into tangible outcomes.

Working closely with primary advisors, participants tackled challenges, achieved significant milestones, and focused on key performance indicators (KPIs).

This phase also facilitated concept tests if supported by institutional partners.

Third Month: Crafting a Compelling Narrative

The final month honed the startups' skills in crafting compelling narratives essential for fundraising and pitch presentations.

Participants refined their pitch narrative, designed pitch presentations, and prepared promotional materials tailored for potential investors.

The 12 companies that graduated from Techstars Accelerator are:

amplifAI: Health-focused thermography AI for early diabetes detection.

Elmetr: SaaS solution for legal practitioners.

Secretskin: Technology-enabled platform for sustainable beauty.

STHRIVE: Frontline workforce engagement platform for retail and hospitality.

Permitech: AI-powered workplace safety for manufacturing sectors.

ithnain (Techstars ’23): Online healthcare coaching.

Flawless: B2C Career Coaching Platform for Youth.

CERPRO GmbH: Next-generation cloud manufacturing solution.

Revent: The most trusted destination for pre-owned electronics.

BeeInvites: Scheduling tool for multi-users.

doos: Quick commerce for lifestyle products delivered in minutes.

Almakhfi: Enables high school students to reach peak performance in SAAT and GAT.