2nd Cohort of Women in Tech
Saudi Acceleration Program
The Standard Chartered Bank launches the second cohort of “Women In Tech” Initiative in Saudi Arabia in Collaboration with Falak Investment Hub. The 8 Week of the program aims to support women-led startups in Saudi by promoting women entrepreneurs economic and social development through tech-focused entrepreneurship.
Cohort 1 Memories
In collaboration between Standard Chartered Bank and Falak Investment Hub, the inaugural cohort of Women in Tech Program, Saudi edition, ran in Q1 of 2023 and hosted eight startups through an eight-week acceleration program aimed at helping the female entrepreneurs scale their tech businesses. The program showcased innovative ideas in various sectors, including fintech, health tech, property tech, and edutainment.
Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity- free rewards, as part of the Standard Chartered Women in Tech program:
First place: Sahm, FinTech
Second place: Nqoodlet, FinTech
Third place: Chefaa, HealthTech
Become the Next Winner.
Program Benefits
1. One-to-One Mentorship
Startups have opportunities to meet 1-on-1 with Falak teams, mentors and industry experts during meetup events, talks, or through personal introductions. Your startup will benefit from the guidance of entrepreneurs, technologists, and sophisticated investors to support your growth.
2. Training and Workshops
Through workshops and training, we focus on investing in the mindsets of founders & teams following 4 stages:
Startup & Growth Infrastructures
Product & Business Model Innovation
Market Acceleration
Fundraising & Investment Readiness
3. Perks and Discounts
- Free access to Falak Business Hub for 8 weeks in Riyadh, Saudi Arabia.
- Access to Falak’s community activities and events.
- Get access to Falak’s partners to support your business development
growth and cost-optimization.
50+
Local, regional, and international partners
$150,000
Worth of discounts and perks
4. Funding Support
The top 3 performers of the acceleration program will get:
- Equity-free grants seed funding to assist with the operations of their businesses.
- Chance at pitching to over 40 angel investors, VC and family offices representatives through Falak Angels (2nd angel network in the Kingdom).
Place
$25,000 USD
Place
$15,000 USD
Place
$10,000 USD
Program Eligibility Criteria
Female-Led Startups
A female co-founder/founder or female-led startups.
Post-MVP Product
Launched minimum-viable-product and not idea-stage.
Technology-Enabled
Product or service enabled by technology to fulfill the service offering.
Operating in Saudi
Operational and servicing the Kingdom of Saudi Arabia.