In a groundbreaking move, Outlier Ventures, in collaboration with Saudi Arabia’s National Technology Development Program (NTDP), is preparing to inaugurate the first deep tech Web3 accelerator program in Riyadh, set to commence in 2024.
The partnership, which has been formalized through a Memorandum of Understanding, is strategically poised to stimulate the growth of the Kingdom’s Web3 sector, complementing the objectives of Saudi Vision 2030 aimed at diversifying the nation’s technological and economic landscape.
The initiative’s mission is to cultivate the Kingdom’s most innovative Web3 startups by providing them with Outlier Ventures’ vast expertise in critical areas such as product development, entity structuring, and token economics.
Startups chosen to participate in this program will receive mentorship from top experts in the Web3 space and have the opportunity to secure investments, a pivotal step in building a strong foundation for tech innovation in Saudi Arabia.