Nine startups receive $100,000 each from Sanabil 500 MENA accelerator programme

Nine startups receive $100,000 each from Sanabil 500 MENA accelerator programme

Nine startups have been awarded $100,000 each after graduating from the Sanabil 500 MENA Seed accelerator programme.

They include Reachware, Blink, Behja, NQOODLET,Qanoniah, SOCIALEE, Mile, Ejari, and FIFOplus.

The accelerator programme supports startups through a 12-week training, funding as well as access to mentoring and networking opportunities.

Press release

December 5, 2023, witnessed the demo day for the 6th batch of the Sanabil 500 MENA Seed Accelerator Programme, a partnership between 500 Global, a leading global investment capital company, and Sanabil Investments, a Saudi company specialized in investing in startups.

The event commenced with an opening address by Amal Dokhan, the General Partner at 500 Global Accelerator, who welcomed the attendees and spoke about the nine companies and their founders, possessing extensive experience in government, corporate, and entrepreneurial fields.

Subsequently, Sarah AlMubarak, Head of Business Development at Sanabil Investments, discussed the objectives pursued by the Sanabil 500 accelerator, which include:

Assisting startups in developing and scaling their businesses.

Providing support and guidance to startups through a team of experts and investors.

Connecting startups with potential funding and growth opportunities.

Following this, Courtney Powell, CEO of Operations and Managing Partner at 500 Global, shared the company’s experience in supporting startups worldwide. She emphasized the significance of the Middle East and North