Riyada Business Accelerator Program
Supporting budding tech entrepreneurs in developing their startups through an acceleration program powered by Salica Investments
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About the Partnership
We partnered with Salica Investments to offer a unique accelerator program that supports entrepreneurs in developing and enhancing their early-stage tech startups. The program offers hands-on and practical support over the course of six months in four main areas: commercialization, product development, fundraising, and team development. Participants will have access to support tailored to their needs from experienced mentors, product developers and industry leaders, in addition to potential funding opportunities.
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Eligibility Criteria
- Bahrain-based startups with an active CR or license and operating for less than 3 years;
OR
- Startups without CR or license can apply if they have a prototype and at least one Bahraini founder
Additional Criteria:
- The startup must have a unique tech-based idea with high potential for scalability locally, regionally and internationally
- The applicant must be fully committed to the program, ready and available to participate in all sessions, workshops and activities throughout the program duration (6 months) and is able to allocate at least one full-time founder to work on the startup
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Support Mechanism
We will support 100% of the acceleration program costs
The program will offer entrepreneurs the following benefits:
- Network with industry leaders: establish valuable connections and secure mentorship.
- Access funding opportunities: engage with investors and develop strong financial plans and comprehensive datarooms
- Develop a growth strategy: benefit from personalized business, finance, and product development strategies.
- Build a commercialization strategy: build a sales pipeline, learn to market and sell their product effectively, find the best ways to reach customers and generate revenue.
- Develop a competitive product: get hands on support to develop the initial prototype into a ready-for-market product.
- Optimize business financials and projections: get expert help in managing their startup’s finances, from budgeting to forecasting future growth.
- Understand their market fit: identify their target audience and refine their offerings.
- Build a strong team: foster a unified, effective team for success.
The program is 6 months long and is divided into structured phases as follows:
- Selection (1 week): a selection process identifying startups with the most impactful potential.
- Discovery (2 weeks): tailoring the program to the startup’s unique needs, setting clear milestones and matching the startup with the right mentors.
- Advisory (26 weeks): comprehensive mentorship covering every aspect of startup success from prototype to fundraising to building the right team.
Frequently Asked Questions
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How can I apply to this program?
You can apply for the Riyada Business Accelerator Program by clicking on this link.
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How does the selection process work?
After applications, top applicants will be shortlisted. Shortlisted startups are informed and invited for an interview. Startups that are shortlisted after the interviews will be invited to pitch their ideas to a selection committee which is going to shortlist the top candidates to attend the program.
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Is there a fee to participate in this program?
This program is fully supported by Tamkeen.
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What is the duration of the program?
The program duration is 6 months.