GITEX Future Stars hosts Saudi Accelerator Day

To reinforce the expansion of the Kingdom's entrepreneurial drive

Tags: Start-upUnited Arab Emirates
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GITEX Future Stars hosts Saudi Accelerator Day The event will see Saudi startups take centre stage.
By  Staff Writer Published  October 10, 2017

At this year's GITEX Technology Week 2017, GITEX Future Stars hosted a Saudi Accelerator Day to reinforce the expansion of the Kingdom's entrepreneurial drive.  

Wa'ed Ventures, the venture capital arm of Saudi Aramco Entrepreneurship Center, as well as global investors and venture capitalists, used the Saudi Accelerator Day to seek out and engage with startups.

Trey Goede, head of Portfolio and Investment Management at Wa'ed Ventures, said: "Over the last four and half years, Wa'ed Ventures has worked tirelessly to support the Kingdom's entrepreneurship ecosystem and general socio-economic development through our ventures and investments.

"We are extremely excited to be a part of a bold, new platform that seeks to redefine the global startup agenda through unique GITEX programs and look forward to drawing out the best innovations and ideas from across the world. GITEX Future Stars gives us the perfect opportunity to engage with our peers, inspire a new generation of entrepreneurs and outline new opportunities to complement our portfolio of successful ventures while seeking to empower our national agenda and accelerate the strategic direction for the global innovation roadmap."

The Saudi Accelerator Day also saw key executives from Badir, engage with startups to empower entrepreneurship across various technology outlets.

Plus STC's InspireU platform joined GITEX Future Stars to connect with techpreneurs. Feras S. Alheraish, program head, STC InspireU, said: "GITEX Future Stars extends the perfect mesh of opportunity and learning; offering our startups the key platform for seeking out and attracting like-minded investors but also engaging with their peers to help bring a global adaptation to a locally-born idea.

"Today, innovation is desired across every facet of life and at STC InspireU, we believe that our role as agents of change, requires us to work with a new generation of entrepreneurs to activate strategic thinking, inspire new ideas and empower breakthrough innovation."

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