FALAK being one of the first accredited Saudi accelerator programs in the history of Saudi Arabia, we aim to compete on a global standard with a localized competitive edge to take 10 shortlisted growth startups on an accelerated 12-week journey.

During the Program

Funding

Up to 500,000 SR per startup.

Market Access

Social media endorsement for each startup reaching 1 million followers.

Angel Mentorship

Access to mentors, virtual acceleration material, and group mentorship sessions.

Company Structure

Advising on organizational structure, legal structure, and technical structure to facilitate growth.

Training

12 week in-house training in Falak Business Hub, Riyadh.

Office Space

12 week free office space in Falak Business Hub, Riyadh.

Tech Advisory

Technical audit on startups and advisory from startup CTOs.

Timeline

November

Spaceship Alpha Customer Discovery

December

Spaceship Beta
Customer Validation

January

Spaceship Charlie Customer Acquisition

February

Spaceship Discovery Customer Retention Demo Day

Criteria

  • Tech focused product
  • Post-MVP
  • Minimum of 2 people per startup

    (could be founder/cofounder, founder/employee, etc)

  • Based in Riyadh

    or can move to Riyadh for the program

  • Minimum of 100,000 SR capital investment by the founders
  • Revenue positive or proof of traction

Schedule

WEEK 1
  • Orientation week
  • Pitching
  • Weekly speaker
WEEK 2
  • Market discovery
  • Design thinking
  • Legal structure
WEEK 3
  • Market validation
  • Weekly speaker
WEEK 4
  • Customer discovery
  • Financial modeling
  • Weekly milestone agreement
WEEK 5
  • Marketing
  • Product development focus
  • Weekly speaker
WEEK 6
  • Milestone revision
  • Growth planning (customer acquisition)
  • Market reach
WEEK 7
  • Leadership
  • Growth hacking focus
  • Weekly speaker
WEEK 8
  • Milestone revision
  • Organizational structure
  • Growth hacking focus
WEEK 9
  • Pitching
  • Growth hacking focus
  • Weekly speaker
WEEK 10
  • Milestone revision
  • Financial revisions
  • Demo day preparations
  • Growth hacking focus
WEEK 11
  • Growth hacking focus
  • Final week speaker
WEEK 12
  • Demo day preparations
  • Demo day