Outlier Ventures, a renowned global Web3 accelerator, has joined forces with the National Technology Development Program (NTDP) of Saudi Arabia to introduce a pioneering Base Camp Web3 accelerator program in the Kingdom.
This strategic partnership aims to foster the growth of promising Web3 startups in Saudi Arabia, aligning with the nation’s ambitious Saudi Vision 2030 initiative.
Program Launch and Objectives
The memorandum of understanding (MoU) signed between Outlier Ventures and NTDP signals the commencement of the Web3 accelerator program in Riyadh, slated to commence later in 2024.
The program’s primary objective is to provide comprehensive support to selected Web3 startups, empowering them to thrive within the evolving digital landscape of Saudi Arabia.
Support and Resources for Startups
Selected startups participating in the Base Camp accelerator program will benefit from a wide array of resources and support services offered by Outlier Ventures.
These include guidance from subject matter experts covering areas such as product development, entity structuring, and token design. Additionally, participating teams will gain direct access to mentors and investors within the Web3 industry, facilitating their growth and success in the market.
About Outlier Ventures and NTDP
Outlier Ventures, led by CEO and Founding Partner Stephan Apel, is globally recognized for its commitment to supporting Web3 founders worldwide.
With a diverse portfolio of over 300 startups, including notable names like Boson Protocol, IOTA, and Ocean Protocol, Outlier Ventures brings extensive expertise and industry connections to the Saudi Arabian startup ecosystem.
The National Technology Development Program (NTDP) of Saudi Arabia is a pivotal national initiative aimed at enhancing the country’s technology ecosystem.
By fostering collaboration and innovation, NTDP seeks to accelerate Saudi Arabia’s transformation into a leading global Technology Hub by 2030.
Through innovative financial solutions and strategic partnerships, NTDP is instrumental in strengthening the Saudi tech ecosystem and driving sustainable development.
This groundbreaking collaboration between Outlier Ventures and NTDP represents a significant milestone in Saudi Arabia’s journey towards becoming a prominent player in the Web3 landscape, contributing to the nation’s economic diversification and technological advancement.
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