Saudi Arabia's project NEOM introduces 'Seven Senses' Accelerator, aiming to foster entrepreneurial growth among local businesses.
NEOM's Seven Senses Accelerator Program Launches to Support Entrepreneurs
The futuristic city of NEOM in Saudi Arabia has announced the launch of a new accelerator program called Seven Senses. This initiative is designed to support entrepreneurs and innovators in the NEOM and Tabuk regions by providing mentorship, resources, and access to innovation ecosystems aligned with NEOM’s vision.
The Seven Senses accelerator program is open to Small and Medium Enterprises (SMEs), creative craftsmen, freelancers, and innovative businesses. The application process can be initiated through NEOM's website until May 14. Successful participants will undergo an intensive 10-week program, running virtually from May to August, which includes a two-day entrepreneurial boot camp starting May 28.
During the boot camp, participants will learn essential skills such as the basics of successful business, understanding customers, and how to pitch their companies to investors. The program will be supervised by local and international entrepreneurship experts.
Upon completion of the program, participants will have the opportunity to present their projects and products during a trial day in Tabuk. Successful completion of the Seven Senses program provides priority access to entrepreneurial opportunities in NEOM and access to available investment opportunities.
NEOM itself is a planned smart city and innovation hub that emphasizes AI, sustainability, and futuristic development aligned with Saudi Vision 2030 goals. The Seven Senses accelerator program is likely to target cutting-edge sectors, potentially including AI, smart city technologies, sustainability, and other high-tech fields, to help startups scale by providing support aligned with NEOM’s ambitions.
In addition to the Seven Senses accelerator program, NEOM is known to operate innovation hubs and accelerator programs aimed at nurturing startups and entrepreneurs within Saudi Arabia’s strategic push toward advanced industries and diversified economic growth.
Meanwhile, Flat6Labs has restructured under a new F6 Group, with a dedicated VC arm F6 Ventures. Recently, Saudi VC Impact46 has invested $6.6 million across five gaming studios, indicating a growing interest in the gaming industry within Saudi Arabia.
For more precise current details about the Seven Senses accelerator program or other innovation initiatives in Saudi Arabia, it is recommended to check NEOM’s official communications or Saudi innovation platforms, as specialized accelerator programs often update their offerings and focus areas frequently.
Entrepreneurs and innovators interested in technology, finance, and education-and-self-development sectors might find the Seven Senses accelerator program beneficial, as it provides mentorship, resources, and access to innovation ecosystems focused on cutting-edge sectors such as AI, smart city technologies, sustainability, and other high-tech fields. Successful completion of the program offers priority access to entrepreneurial opportunities in NEOM, which is an innovation hub emphasizing AI, sustainability, and futuristic development.
