India Accelerator Rolls Out $15 Mn Fund for Saudi Market Expansion
The first cohort, expected to launch in March 2026, will support 8 to 10 startups.
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[Image source: Chetan Jha/MITSMR Middle East]
Fund-led early-stage investment platform India Accelerator announced the launch of a $15 million program in Saudi Arabia to support Indian startups entering and scaling in the Kingdom.
Supported by the National Technology Development Program of Saudi Arabia, the program aligns with the country’s Vision 2030 for a stronger technology-driven economy.
Having close ties with India’s startup ecosystem, Saudi Arabia’s innovation drive aligns naturally with India’s strengths as it seeks to diversify and scale new-economy investments.
Today, India has the world’s third-largest startup ecosystem, while Saudi Arabia has emerged as a regional leader in the startup space in the Middle East and North Africa (MENA) region.
“Saudi Arabia is emerging as one of the world’s most forward-looking innovation markets. Through this partnership with the National Technology Development Program, we aim to offer Indian startups a trusted and structured pathway to scale in the Kingdom. This collaboration reinforces our commitment to enabling cross-border expansion and building meaningful linkages with global innovation ecosystems,” said Ashish Bhatia, founder, India Accelerator.
The accelerator will support startups in AI, sustainability, electric mobility, proptech, and deeptech, offering capital support, regulatory guidance, access to partnerships, and connections to local investors.
“Through our partnership with India Accelerator, we are opening new pathways that enable Indian entrepreneurs to collaborate with Saudi partners, tap into the Kingdom’s evolving technology and investment landscape, and contribute to the growth of its digital economy,” said Ibrahim Neyaz, CEO, National Technology Development Program.
The first cohort, expected to launch in March 2026, will support 8 to 10 startups.
