The Ghiras Accelerator, a strategic partnership between the Saudi venture studio parachute16 and the King Khalid Foundation, has officially kicked off its new cohort. Five bold startups, each driven by a practical vision to solve environmental challenges, have joined the intensive 12-week program designed to transform their promising solutions into scalable and impactful business models.
Meet the Cohort: A Focus on Environmental Impact
The selected startups represent a diverse range of innovative solutions aimed at creating a more sustainable future:
- c-mass: A company developing technology to capture CO2 emissions and convert them into valuable green products.
- Logihub: A logistics platform that optimizes supply chains to reduce carbon footprints and improve efficiency.
- iRama: A startup creating sustainable and biodegradable materials from agricultural waste.
- VEGO Group: A foodtech venture focused on plant-based alternatives to reduce the environmental impact of food production.
- DROP ROOT: An agritech startup providing smart irrigation solutions to conserve water in agriculture.
An Intensive Program for Sustainable Growth
Over the next 12 weeks, these five teams will be accompanied on a journey from the launch phase to achieving growth and expansion. The Ghiras Accelerator will provide them with tailored support, expert mentorship, and access to a network of partners and investors dedicated to fostering sustainable innovation.
About the Partners
- parachute16: A Saudi-based venture studio and accelerator that supports early-stage startups with the resources and guidance needed to build impactful companies.
- King Khalid Foundation (KKF): A leading philanthropic organization in Saudi Arabia dedicated to creating a prosperous society with equal opportunities by supporting non-profits, social entrepreneurs, and public policy development.
Looking Ahead
The launch of the Ghiras Accelerator cohort is a significant development for Saudi Arabia’s growing green economy. By nurturing startups that are tackling critical environmental challenges, this partnership is helping to build a sustainable future and contributing to the environmental stewardship goals of Saudi Vision 2030.
Source: parachute16
