- Outlier Ventures and NTDP’s first Web3 accelerator program underscores the combined dedication to fostering technological advancement in Saudi Arabia and supporting founders.
- We continue to see the ambitious acceleration of science and innovation set out in the Kingdom’s Vision 2030 and their support for founders and build out the tech ecosystem within the Kingdom.
- Outlier’s strategic collaboration with NTDP underscores our joint dedication to nurturing technological progress and we are particularly excited about bringing our 10 years’ experience and track record of helping Web3 startups grow, to help build out the Web3 ecosystem in Saudi Arabia, providing support to early-stage entrepreneurs.
- Under Vision2030, Saudi Arabia is supporting the ecosystem of technology startups in Saudi Arabia and offering huge support to founders. This aligns with Outlier’s overval focus on supporting founders and growing the Web3 ecosystem.
- Our partnership with NTDP marks a significant milestone in our journey, as we aim to engage with and empower innovators from all corners of the world. We’ve already seen the strength of the burgeoning ecosystem through our own portfolio based in the MENA region, which includes Fetch.ai, IOTA and Biconomy.
Outlier Ventures & NTDP’s first deep-tech Web3 accelerator program
We are excited to announce that Outlier Ventures and the National Technology Development Program (NTDP) of Saudi Arabia, the national program that contributes to enhancing the effectiveness of the technology ecosystem, announced a strategic partnership to launch a new Base Camp Web3 accelerator program to the Kingdom. The Memorandum of Understanding that was signed will bring the first deeptech Web3 accelerator program to Riyadh, starting later in 2024, focusing on supporting the most promising Web3 startups in the Kingdom as well as helping to develop the burgeoning Web3 ecosystem in the area, in line with the Saudi Vision 2030 and Outlier Venture’s mission to support founders around the world.
The selected startups will receive support from Outlier Ventures’ leading in-house team of subject matter experts, covering crucial aspects such as product development, entity structuring and token design. The chosen teams will also have direct access to leading mentors and investors in the Web3 industry. The strategic partnership between Outlier Ventures and NTDP and the joint commitment to launch the first deeptech Web3-focused accelerator program, underscores the combined dedication to fostering technological advancement in Saudi Arabia and supporting early-stage entrepreneurs.
Stephan Apel, Outlier Ventures CEO and Founding Partner, said:
“We are honoured to partner with the National Technology Development Program (NTDP) of the Kingdom of Saudi Arabia. Under Vision 2030, the rapid pace of change and development is visible across all sectors of the economy. The achievements are testimony to the level of dedication and focus driving the Kingdom forward. Our strategic collaboration underscores our joint dedication to nurturing technological progress. We are looking forward to bringing our 10 years’ experience, in-house world-class expertise and track record of helping Web3 startups develop, to help build out the Web3 ecosystem in Saudi Arabia, providing support to early-stage entrepreneurs.”
Mr. Ibrahim Neyaz, the CEO of the NTDP said:
“We are thrilled to partner with Outlier Ventures to achieve the goals of this partnership by working together to support the ecosystem of technology startups in Saudi Arabia. This partnership reinforces our commitment to advancing technology and fostering innovation in Saudi Arabia. By harnessing their extensive global expertise and advanced capabilities in the Web3 industry, Outlier Ventures will bring tangible value and make significant contributions to enhancing the Kingdom’s technological infrastructure. This, in turn, will facilitate technological growth and innovation across various sectors. We eagerly anticipate achieving mutual success and cultivating a robust relationship that benefits all parties involved.”
Founded in 2014, Outlier Ventures is the leading global Web3 accelerator focused on supporting Web3 founders from around the world, running programs with industry partners. With a global portfolio of over 300 startups, notable alumni include Boson Protocol, Futureverse, IOTA, Ocean Protocol, along with Fetch.AI and Biconomy who are based in the MENA region.
Further information on the accelerator program and details for startups interested in applying will be shared later this year. For any general queries please visit here.
About the National Technology Development Program
The National Technology Development Program (NTDP) is a national program in Saudi Arabia that contributes to enhancing the effectiveness of technology ecosystem by achieving a sustainable development using various components in collaboration with the stakeholders. Its goal is to facilitate Saudi Arabia’s transformation into a leading global Technology Hub by 2030 and to strengthen the Saudi tech-ecosystem with innovative financial solutions.
You can find out more information through the link here
