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Riyadh Techstars Accelerator Program To Continue In 2023

The startup funding initiative will work with entrepreneurs to grow and scale MENA companies.

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riyadh techstars accelerator program to continue in 2023

After wrapping up the inaugural round of The Riyadh Techstars Accelerator in 2022 with investments in 11 portfolio businesses, the program’s organizers have confirmed the continuation of the initiative for 2023.

The Saudi Arabian Ministry of Communications and Information Technology, Saudi National Bank, and RAED Ventures will come together for the pre-seed investor round, comprising a 13-week program that will run from June through to September 2023.

According to a recent press release, 2023’s Riyadh Techstars Accelerator will work with entrepreneurs to establish and expand innovative companies in the MENA region while developing a comprehensive entrepreneurial ecosystem. Saudi Arabia’s IT sector — currently worth over $40 billion and supporting over 318,000 jobs — is quickly becoming a leading global force.

“The nation is also making significant strides in enabling diversity in the workforce, with more women employed in the ICT industry. Agility and resilience, powered by talent and technology, have enabled Saudi Arabia to reach new heights,” says Abdullah Alswaha, Minister of Communications and Information Technology.

Also Read: How To Find The Best Remote Work Opportunities In The Middle East

Startups from across the Middle East and Saudi-based entrepreneurs can now submit their applications to the 2023 Riyadh Techstars Accelerator. This year’s event promises a packed schedule of fundraising opportunities, workshops, mentorship, and networking.

“I am enthusiastic about the growth of the Saudi Arabian and broader Middle East startup ecosystem. Between the Kingdom’s investment in entrepreneurship and its central location, Riyadh can attract global startup talent for the entire region. Part of what we do at Techstars is to help founders connect their innovation with the rest of the world,” says Maëlle Gavet, CEO of Techstars.

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Abu Dhabi’s Robot Kitchen Is Serving Up Biryani, Not Burgers

Circus SE wants to put a tiny automated factory inside the buildings where Gulf residents live and work, bypassing part of last-mile delivery.

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abu dhabi's robot kitchen is serving up biryani not burgers
Circus SE

The most telling thing about a new autonomous kitchen now running in Abu Dhabi’s Marina Square is what it won’t cook:

“We don’t do fast food,” says Nikolas Bullwinkel, Founder and CEO of Circus SE. “We’ve actively decided not to build a machine that can only do burgers”.

Instead, the CA-1 system is built around pot-based cooking: curries, pastas, soups and rice dishes. After experimenting with highly personalized recipes, Circus deliberately leaned back toward recognizable food. “We’re going with a chicken biryani because you know it,” Bullwinkel says of the AED 40 dish.

circus se ca-1 robot system

The Germany-based robotics and food technology company operates across eight countries, and Abu Dhabi is its first deployment outside Europe. More locations are expected there and in Dubai.

In Germany, its units can be placed in supermarkets, gas stations, airports and hospitals. In the Gulf, Bullwinkel wants them inside residential and office buildings, replacing some of the complexity of last-mile delivery. “We’re basically bringing a very tiny factory a few square meters into your building,” he says. Catering company Royal Prestige supplies the ingredients and knowledge of local tastes.

The CA-1 manages up to 36 refrigerated ingredient silos alongside automated induction cooking, robotic plating and a self-cleaning dishwasher. Two robotic arms move ingredients through the system with minimal human intervention. It can produce up to 120 hot meals an hour, and a meal such as rice and curry can take around three to four minutes.

Also Read: Ooredoo Qatar’s 5G+ Network Is Built For Machines As Much As People

Five cameras and multiple sensors monitor heat, temperature and consistency, an attempt to approximate what a chef perceives. “You can hear something gets burned, you can smell it, you can see it at some point,” Bullwinkel says. CircusOS, the company’s operating system, adjusts recipes in real time.

You might think of the platform as a threat to kitchen staff, but Bullwinkel frames Circus as a way for chefs to develop recipes and distribute them at scale. With that being said, rising labor costs and shortages are also part of his case for automation.

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