Singapore-based Orbit Startups, and Riyadh-based Sanabil Investments have launched the Sanabil Accelerator by Orbit, a program aimed at supporting early-stage startups from Saudi Arabia, the MENA region, and global startups looking to expand into the region. The program focuses on sectors such as fintech, healthcare, e-commerce, mobility, and logistics.
The program will offer startups an initial investment of USD $100,000 and access to follow-on funding. It includes a four-month program focused on sales, marketing, and product development, with ongoing support through Orbit’s network. Startups will also participate in an in-person market orientation in Riyadh.
William Bao Bean, Managing General Partner of Orbit Startups, stated,
“Entrepreneurship is the catalyst for economic transformation, and technology pushes the boundaries of what is possible. This partnership with Sanabil reinforces our commitment to scaling startups cross-border in the MENA region.”
This accelerator follows Sanabil’s first accelerator, Sanabil Accelerator by 500 Global, which focuses on seed-stage investment. The new accelerator is geared toward pre-seed investment.
William Bao Bean further emphasised,
“By equipping startups with the resources they need, we’re not only enabling industry disruption but also unlocking substantial economic potential.” The partnership aims to position startups for growth in Saudi Arabia and across the MENA region through 2030 and beyond.
