The entrepreneurial landscape in the Kingdom has celebrated another milestone as Parachute16 successfully concluded the Ghiras Accelerator Demo Day. Organized in strategic collaboration with the King Khalid Foundation, the event served as the culmination of an intensive program designed to transform early-stage concepts into scalable, sustainable businesses. The closing ceremony brought together ecosystem leaders, investors, and founders to witness the progress achieved after months of dedicated development, experimentation, and refinement.
Driving Innovation Through Mentorship
The Ghiras Accelerator was structured to guide startups through the critical phases of growth, focusing heavily on sustainability and social impact. During the Demo Day, participating founders presented their innovative solutions, demonstrating how their ventures have evolved from initial ideas into actionable business models. The event highlighted the accelerator’s core mission: to empower entrepreneurs with the tools necessary to drive meaningful change within the Saudi market. The presentations were delivered to an audience of investors and key stakeholders, offering a platform for the startups to secure future partnerships and support.
Spotlight On The Ghiras Cohort
The Demo Day featured a diverse group of startups that have completed the program’s rigorous curriculum. The cohort included companies such as iRama, Logihub, c-mass, VEGO Group, and DROP ROOT. These ventures were recognized for their commitment to innovation and their potential to contribute to the Kingdom’s economic diversification. The program organizers commended the founders for their resilience and their belief in innovation as a primary vehicle for sustainable development. The event was hosted and moderated by Dr. Fares K. Alaboud, who guided the proceedings and facilitated the engagement between the startups and the attending community.
Strengthening The Ecosystem Partnership
This initiative underscores the ongoing collaboration between the private sector and non-profit foundations to bolster the startup ecosystem in Saudi Arabia. Designed and delivered by Parachute16, a prominent ecosystem builder in the MENA region, the program leveraged the King Khalid Foundation’s commitment to social impact. By combining Parachute16’s technical expertise in acceleration and capacity building with the Foundation’s developmental goals, the Ghiras Accelerator aims to create a pipeline of ventures that are not only commercially viable but also socially responsible.
About Parachute16
Parachute16 is a leading startup ecosystem builder operating across the MENA region. With a headquarters in Riyadh and operations spanning over 16 countries, the company specializes in innovation management, business consulting, and entrepreneurship development. Since its founding in 2016, Parachute16 has focused on accelerating startups, fostering social impact, and connecting entrepreneurs with experts to shape the future of entrepreneurship in the region.
Source: Parachute16
