News

Riyadh Techstars Accelerator Program To Continue In 2023

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

Published

1 year ago

January 26, 2023

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.

News

Samsung Galaxy Ring Wearable Will Launch In Eight Sizes

A recent Korean report reveals the model numbers of the new health tracking device, as well as details of its key features.

Published

2 days ago

April 25, 2024

Nour Nasir

samsung galaxy ring wearable will launch in eight sizes

The global launch of the Samsung Galaxy Ring is hotly anticipated, with details about the next-gen wearable gradually emerging since the company’s teaser announcement back in January. Now, a report has also unveiled the model numbers for the device, suggesting it will be available in eight different sizes.

While Samsung has yet to divulge detailed specs and features of the Galaxy Ring, it’s likely to feature an array of health and sleep monitoring functionalities, while boasting a battery life of up to nine days on a single charge.

As per a Galaxy Club report, there are currently eight confirmed variants of the Galaxy Ring: SM-Q500, SM-Q501, SM-Q502, SM-Q505, SM-Q506, SM-Q507, SM-Q508, and SM-Q509.

However, the mystery shrouding two absent model numbers persists, leaving speculation as to whether they signify additional sizes or if Samsung plans to unveil a later ninth variant of the ring, as previously hinted. There’s conjecture that these models may correspond to US ring sizes 5 and above, commencing with the SMQ500, with subsequent numbers potentially indicating larger ring sizes, possibly reaching up to size 13, aligning with model number SM-Q509.

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Recent Korean reports have shed light on how Samsung’s Mobile eXperience division (MX) collaborated with the Home Appliance department to integrate Samsung Food with the Galaxy Ring: Tailored for daily activity tracking, the Galaxy Ring, when paired with Samsung Food and an intelligent Samsung refrigerator featuring AI vision, delivers personalized dietary guidance based on calorie intake and BMI.

Samsung is banking on the user-friendly interface and high durability of the ring to redefine the healthcare wearables landscape. Meanwhile, Apple is also making strides in the development of a smart ring, aimed at monitoring users’ health biometrics discreetly when worn on the finger. According to the Electronic Times report, Apple has been closely monitoring market interest in this more inconspicuous alternative to a traditional watch.