[suspicious link removed], the region’s active seed-stage program and early-stage venture capital firm, has officially hosted the sixth Demo Day of its Riyadh Seed Program (RSP). The event marks the culmination of six accelerator cycles launched in partnership with the Saudi Venture Capital Company (SVC), Jada Fund of Funds, and Riyadh Valley Company (RVC). Since its inception in 2023, the program has become a cornerstone of the Kingdom’s startup ecosystem, accelerating over 60 startups and deploying approximately $17 million in seed investments through F6 Ventures’ Startup Seed Fund LP.
Scaling the Saudi Ecosystem
Supported by the National Technology Development Program (NTDP), the Riyadh Seed Program has generated significant economic momentum within the Kingdom. Beyond the direct capital deployment, the program has unlocked an additional $38 million in follow-on funding and co-investments for its portfolio companies. This financial influx has supported more than 130 founders and contributed to the creation of over 440 jobs in Saudi Arabia, aligning with the nation’s broader economic diversification goals.
The program operates on a localized, market-driven acceleration model designed to equip founders with operational capabilities and strategic insights. By providing hands-on mentoring, business training, and access to a robust network of investors, the RSP aims to build scalable, investment-ready companies that can compete on a global stage. The initiative is further bolstered by the NTDP’s “Empowering Accelerators” product, ensuring strong alignment with national objectives to advance innovation and technology-led growth.
Spotlight on Cohort Six Innovation
The sixth cohort showcased a diverse range of startups operating at the intersection of AI, healthtech, fintech, and industrial automation. The selected companies presented their solutions to an audience of investors and partners, highlighting the depth of innovation emerging from the Saudi market.
The cohort featured ventures such as CoreTechX, an AI-driven system enabling queries over handwritten Arabic archives, and Digital Petroleum, which utilizes AIoT sensors for the energy and manufacturing sectors. Other notable startups included Bookahospi, an AI infrastructure for healthcare worker mobility; Sanadk, an AI-powered accounting platform; and Nero, an autonomous delivery vehicle provider selected for the Transport Authority’s mobility sandbox. Rounding out the group were MEDirect, a health-tech SaaS for virtual clinics, and Rintel, a data platform connecting FMCG suppliers with real-time retail insights.
About Flat6Labs
Flat6Labs is a leading entrepreneurship platform in emerging markets, dedicated to helping founders build, launch, and scale technology-driven companies. Through acceleration programs, ecosystem development, and tailored innovation services, Flat6Labs supports entrepreneurs across the MENA region. Since its launch in 2011, the firm has supported more than 8,000 entrepreneurs and operates with a commitment to inclusivity and sustainable economic growth. Flat6Labs is part of the F6 Group, alongside F6 Ventures, a seed-stage venture capital firm providing capital and support to early-stage founders.
Source: Flat6Labs
