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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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Lebanese Newspaper Builds AI President To Beat Political Crisis

The move by media outlet AnNahar comes after 13 failed attempts by the Lebanese parliament to elect a new leader.

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lebanese newspaper builds ai president to beat political crisis
OurPresident.ai

In a world first, Lebanon’s AnNahar Newspaper has built an artificial intelligence model designed to carry out presidential duties for the politically troubled country. Lebanon has been without a sitting president for two years after thirteen failed attempts by the nation’s parliament to elect a suitable candidate.

The new AI President’s deep learning algorithm was fed over 90 years of impartial journalism from AnNahar’s archive stretching back to the 1930s. The AI leader analyzes not only historical data but also current events and is able to formulate solutions for all manner of political, legal, and governmental questions. By tapping into such a vast knowledge base, Lebanon’s AI President will have a deep understanding of the country’s past, as well as an unbiased take on the challenges the nation faces going forward.

lebanon our president ai platform annahar

The new AI President was unveiled in a recent live broadcast. Nayla Tueni, editor-in-chief of AnNahar Newspaper conducted an interview with the digital leader, asking relevant questions about the current state of Lebanon, and how to fix the country’s difficult political situation. AnNahar has also converted its print newspaper to focus entirely on the new president’s guidance on issues spanning everything from the economy to sustainability and the environment.

Also Read: Abu Dhabi To Develop $1 Billion eSports Island Facility

After the interview, Nayla Tueni commented: “As Lebanese people, and especially at AnNahar, we refuse to sit back and allow things to go on as they have. To not have a president for this long is unacceptable and has impacted the country negatively. If the parliament will not do its job to elect a president, then the people will bring to Lebanon a president”.

The AI President will soon be accessible to everyone at OurPresident.ai, Users will be able to ask questions in a similar manner to the likes of ChatGPT and Google Gemini. It is also understood that government officials will also use the tool to help devise new directives.

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