Keeping with their commitment to support entrepreneurs and providing a full stack of tools necessary for all stages of a start-ups journey, Saudi based Falak investment hub is a one stop shop for startups providing business acceleration programs, co-working space and Angel investments.
Falak‘s offering includes in-kind and direct funding, access to strategic investors and partners, and customized training & workshops to help startups grow, especially those with international expansion plans. The full-fledged investment firm supports tech startups enabling them to develop and thrive rapidly through its growth services, partnerships, and business development.
With a mission to find, enable, and develop the next unicorns in MENA, Falak focuses on multiple programs, these include:
1. Falak Angels – a growing network of strategic angel investors, family institutions, and investment entities, that provide financial backing for early-stage MENA startups and co-matching opportunities, in partnership with Saudi Venture Capital.
2. Falak Program Management: advisory and implementation services to the private and public sectors focusing on innovation, investments, and entrepreneurship. Logistics and climate industries come on Falak’s list of priorities this year.
3. Falak Flagship Program: Recognized as the first investment-backed accelerator in KSA, with one cohort graduating yearly and an acceptance rate of 2%. The program focuses on customized services and includes 10 MENA startups in each cohort. With three cohorts graduated and the 4th in process, Falak‘s program is rapidly growing at an average of 350%, proving to be a growth engine for promising tech MENA startups.
Moreover, several business and government partnerships that empower entrepreneurs have already been formed, including Standard Chartered Bank, Zoho & Prince Sultan University, BeyondCapital, Google for Startups, and NTDP, a national program that contributes to developing the technology ecosystem in the Kingdom, to name a few.
