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Exel by Merak Gaming Accelerator Opens Applications 

Exel by Merak Gaming Accelerator Opens Applications 
Image Source: Merak Gaming Fund Website
  • Exel By Merak, funded by Merak’s Capital USD 80 million gaming fund, is now accepting applications for its inaugural cohort.
  • The initiative aims to support gaming startups through mentorship and funding in order to add meaningful value to the global gaming landscape.
  • Selected applications will receive access to experienced gaming professionals as well industry leaders and potential investors.

Exel By Merak, funded by Merak’s Capital USD 80 million gaming fund,  is now accepting applications for its inaugural cohort.  The accelerator seeks to foster the growth of gaming startups through equipping founders with essential resources, mentorship and funding. Moreover, the goal is to strengthen their ventures and add meaningful value to the global gaming landscape.

Exel by Merak

 With expectations that the global gaming market will surpass USD 200 billion and Saudi’s aim to become a hub for gaming innovation. Exel by Merak offers a platform for startups to refine their offerings, scale their business and unlock investment opportunities through a structured program. They operate within the Merak Gaming Fund framework which is an initiative supported by the National Development Fund (NDF).  This initiative aims to nurture the next generation of gaming entrepreneurs locally and internationally. 

Exel is an innovation engine that drives growth for gaming startups through accelerators. Meanwhile, Merak Capital is an investment firm which focuses on technology opportunities across multiple stages and industries. Together, they enable startups to achieve sustainable growth, drive innovation and creativity to establish Saudi as a hub for gaming. 

“The National Development Fund’s sponsorship of the Merak Gaming Fund underscores Saudi Arabia’s commitment to cultivating a world-class gaming ecosystem. Exel by Merak is an embodiment of this vision, equipping startups with the resources, mentorship, and funding necessary for success on a global scale.”

Abdullah Altamami, Founder and CEO of Merak Capital

Opportunity for Startups

The initiative competitively targets startups with innovative concepts and strong growth potential to receive an initial investment with possible investment opportunities later on. Additionally, selected applications will also receive weekly sessions with experienced gaming professionals along with support from a dedicated Entrepreneur-in- Residence. As a whole, they will receive tailored resources to assist with game development, business strategy, scaling efforts, and connections with industry leaders and investors.

The program begins with a 2-week virtual bootcamp with the focus of refining business strategies. This is followed by a 16-week acceleration phase emphasizing scaling, product commercialization, and investment readiness. Furthermore, it will end in a Demo Day where the startups will present their solutions to investors, partners and industry stakeholders.

“Saudi Arabia’s gaming industry is flourishing, and Exel by Merak is poised to enhance that growth. Our mission is to empower gaming founders to build sustainable businesses while connecting them to a robust network of local and international experts.”

Faisal Sedrani, Vice President and Leader of Exel by Merak

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