Sanabil Accelerator by 500 Global announce batch 8 startups to foster innovation across the MENA region

500 Global, a multi-stage venture capital firm, and Sanabil Investments (Sanabil), a financial investment company, have announced the eighth batch of the Sanabil Accelerator by 500 Global. This new cohort is set to foster innovation and drive growth across various sectors, including Agritech, Constructiontech, Healthtech, Mobility tech, Fintech, Regtech, HR tech, Proptech, and Insurtech. Out of over 430+ applications received from across the MENA region, nine promising companies have been selected for their potential to disrupt industries and address critical market needs.

With a history of empowering startups to scale both regionally and globally, the Sanabil Accelerator by 500 Global continues to offer pre-seed and seed-stage startups invaluable support through mentorship, networking, and resources. This year’s batch aims to build on the achievements of the 89 companies that have already graduated from the program, further solidifying the program’s role in shaping the future of the MENA startup ecosystem.

Amal Dokhan, Managing Partner, 500 Global MENA: ''We are proud to introduce the entrepreneurs of Batch 8 to the innovation ecosystems in MENA and around the globe; we believe the maturity and clarity in their offerings and deep experiences in their sectors reflect the continued evolution of the region. We are excited to be a partner throughout their entrepreneurial journeys and look forward to continuing to work with exceptional founders and investors from across the MENA region.''

A spokesperson from Sanabil Investments said: ''Our leadership in venture capital is reinforced as more entrepreneurs apply to Sanabil Accelerator by 500 Global, seeking support to develop their ideas and achieve success at home and abroad. We are attracting and enabling the brightest minds and best technologies that are improving people’s lives worldwide, fortifying the economy, and making the world a better place for all. We can’t wait to show the region and the world this next wave of innovators, thinkers, and builders.''

The 12-week program offers founders one-on-one mentorship focusing on business strategy development, fundraising, and growth. The batch 8 startups that have made it through to the final round are:

Cultivaet (Egypt)
Equiptal (Saudi Arabia)
Hakeem Health (UAE)
Neo Mobility (UAE)
Orbii AI (UAE)
Sahl (Saudi Arabia)
Scooply (Saudi Arabia)
Smart Bricks (UAE)
Yasmina (Saudi Arabia)

With the eighth program group concluding in December, the program will soon begin accepting applications for the next batch. Innovative startups can apply for the upcoming batch here.

www.sanabil.com

Follow Marketing Report on LinkedIn