抖阴短视频

JEDDAH: Saudi Aramco鈥檚 entrepreneurship arm 奥补鈥檈诲 signed a collaboration agreement with the Falak Investment Hub to help drive venture capital investment in the Kingdom.

The agreement was signed at 奥补鈥檈诲鈥檚 headquarters in Dhahran by Falak鈥檚 founder and CEO Adwa Aldakheel and the managing director of 奥补鈥檈诲, Wassim Basrawi.

Falak is a hybrid firm between a startup accelerator, co-working space, angel network, and an investment firm targeting regional tech startups focusing on 抖阴短视频.

Founded in 2018 by female entrepreneur Adwa Aldakheel, Falak鈥檚 portfolio of startups has generated combined revenue of more than SR550 million ($146.67 million).

鈥淲ith the robust platforms and complementary resources our organizations bring to the table, I am confident this cooperation will enable us to fund more entrepreneurs and innovators that will add value to the Kingdom鈥檚 venture capital ecosystem,鈥� Basrawi said in a press conference.

Both organizations aim to exploit synergies to improve early stage and growth stage startups鈥� chances of success through support with training programs, market access, and mentorship.

鈥淭he Saudi entrepreneurial ecosystem grows through alliances and this collaboration with 奥补鈥檈诲 will leverage the synergies between our companies to benefit entrepreneurs across the Kingdom,鈥� Aldakheel said. Falak launched the first angel-backed acceleration program in 抖阴短视频 and has 15 startups in its investment-backed acceleration program.

It has graduated two batches of startups from its flagship acceleration program while applications for a third batch are currently open until the end of May.

The investment hub also offers local entrepreneurship podcasts, incubation and acceleration programs for government entities.

virtual boot camps across the Middle East and North Africa, and an angel network partnered with Saudi Venture Capital.

The agreement with Falak is 奥补鈥檈诲鈥檚 fifth alliance announced since December.