NTDP and gener8tor Launch Investment Accelerator in Riyadh to Fuel Startup Growth in Saudi Arabia
Applications Open in Late Spring 2025 for High-Growth Startups
Riyadh, Saudi Arabia – The National Technology Development Program (NTDP) and gener8tor have partnered to launch the gener8tor Investment Accelerator in Riyadh, Saudi Arabia, aimed at fostering high-growth startups across various industries. This initiative will provide selected startups with investment capital, along with an intensive 12-week accelerator program designed to support their growth through mentorship, investor connections and business development resources.
Applications for the program will open in late spring 2025, inviting early-stage and scaling startups to apply for a chance to receive funding and participate in the program. The accelerator will focus on empowering innovative entrepreneurs in Saudi Arabia and as well as those looking to build a longterm presence in the Kingdom, aligning with the Kingdom’s broader Vision 2030 goals of strengthening its technology ecosystem and fostering economic diversification.
The gener8tor Investment Accelerator is part of NTDP’s Empowering Accelerators Program, a national initiative designed to bring world-class startup support programs to the Kingdom. Participating startups will receive one-on-one mentorship, access to over $1 million in deals and perks and connections to gener8tor’s extensive network of investors and industry leaders.
"We are excited to launch this program with NTDP and help support the next generation of innovative startups in Saudi Arabia," said Prentice Keller, gener8tor Partner. "By providing capital, mentorship, and a robust network, we aim to accelerate the success of high-growth startups and contribute to the region’s expanding innovation ecosystem."
At the end of the program, participating founders will have the opportunity to pitch their companies to investors, corporate partners and community stakeholders at an exclusive Demo Day in Riyadh (Date/Location TBA).
Startups interested in learning more about the gener8tor Investment Accelerator programs can subscribe at www.gener8tor.com or contact Leen Bnyat, VP of Global Operations at leen@gener8tor.com. Mentors, investors, and ecosystem partners looking to get involved are also encouraged to reach out.
About gener8tor
gener8tor runs accelerators to catalyze community, mentorship, network, conviction and capital to bridge an ecosystem’s genius with opportunity. gener8tor is a global venture firm and accelerator network that supports startups, workers, employers, artists and musicians. gener8tor partners with companies, governments, universities and nonprofits to operate accelerator programs and conferences in more than 48 communities globally. To date, gener8tor has supported over 1,500 startups in raising $2.2B USD in follow-on financing and creating 11,500 jobs. Fast Company named gener8tor one of the Best Workplaces for Innovators in 2021 and 2022. The International Trade Council recognized gener8tor as the Global Venture Capital Firm of the Year in 2022.
About NTDP
The National Technology Development Program (NTDP) is a Saudi initiative established under the The Ministry of Communications & Information Technology (MCIT) to enhance the effectiveness of the Kingdom's technology ecosystem through sustainable development and collaboration with various stakeholders. Launched in 2020 with a budget of SAR 2.5 billion, NTDP aims to support and accelerate the growth of Saudi Arabia's information technology sector. Its objectives include encouraging national companies in the IT and emerging technologies sectors to expand their local market presence and boost global exports.
A notable initiative under NTDP is the Empowering Accelerators Program, which focuses on fostering innovation and supporting startups within the technology sector. This initiative supports top-tier global and local accelerators, with incentives to the operational costs to deliver world-class programs that drive tech entrepreneurship across the Kingdom of Saudi Arabia.
