US venture capital firm launches Riyadh-based accelerator program

Techstars announced a new partnership to continue the Techstars Riyadh Accelerator. (Twitter/@Techstars)
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Updated 24 January 2023
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US venture capital firm launches Riyadh-based accelerator program

  • Program focuses on startups in MENA that are growing their businesses

RIYADH: Techstars, a US venture capital firm, announced a new partnership to continue the Techstars Riyadh Accelerator in collaboration with the Saudi Ministry of Communications and Information Technology, Raed Ventures and the National Bank of Saudi Arabia. 

The accelerator focuses on startups in the Middle East and North Africa that are establishing and growing their businesses, with the goal of paving the way for future innovation in the region’s digital economy. 

“I am very excited about the growth of the startup ecosystem in the Kingdom, and between the Kingdom’s investment in entrepreneurship and its pivotal location, Riyadh can attract global emerging talent to the entire region,” Techstars CEO Maëlle Gavet said. 

“The best entrepreneurs can influence the world no matter where they are, and part of what we do at Techstars is help them connect their innovations to the rest of the world,” Gavet added.

Abdullah Al-Shamrani, director of digital entrepreneurship at the Ministry of Communications and Information Technology, emphasized the importance of technological and innovative entrepreneurship in achieving Vision 2030. 

The accelerator is accepting applications for a 13-week program from June to September 2023. Funding and fundraising opportunities, as well as curated workshops and resources, will be available to each company. Participants will also benefit from a network of mentors from the Ministry of Communications and Information Technology, the National Bank of Saudi Arabia and Raed Ventures.

 


These shy, scaly anteaters are the most trafficked mammals in the world

Updated 21 February 2026
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These shy, scaly anteaters are the most trafficked mammals in the world

CAPE TOWN, South Africa: They are hunted for their unique scales, and the demand makes them the most trafficked mammal in the world.
Wildlife conservationists are again raising the plight of pangolins, the shy, scaly anteaters found in parts of Africa and Asia, on World Pangolin Day on Saturday.
Pangolins or pangolin products outstrip any other mammal when it comes to wildlife smuggling, with more than half a million pangolins seized in anti-trafficking operations between 2016 and 2024, according to a report last year by CITES, the global authority on the trading of endangered plant and animal species.
The World Wildlife Fund estimates that over a million pangolins were taken from the wild over the last decade, including those that were never intercepted.
Pangolins meat is a delicacy in places, but the driving force behind the illegal trade is their scales, which are made of keratin, the protein also found in human hair and fingernails. The scales are in high demand in China and other parts of Asia due to the unproven belief that they cure a range of ailments when made into traditional medicine.
There are eight pangolin species, four in Africa and four in Asia. All of them face a high, very high or extremely high risk of extinction.
While they’re sometimes known as scaly anteaters, pangolins are not related in any way to anteaters or armadillos.
They are unique in that they are the only mammals covered completely in keratin scales, which overlap and have sharp edges. They are the perfect defense mechanism, allowing a pangolin to roll up into an armored ball that even lions struggle to get to grip with, leaving the nocturnal ant and termite eaters with few natural predators.
But they have no real defense against human hunters. And in conservation terms, they don’t resonate in the way that elephants, rhinos or tigers do despite their fascinating intricacies — like their sticky insect-nabbing tongues being almost as long as their bodies.
While some reports indicate a downward trend in pangolin trafficking since the COVID-19 pandemic, they are still being poached at an alarming rate across parts of Africa, according to conservationists.
Nigeria is one of the global hot spots. There, Dr. Mark Ofua, a wildlife veterinarian and the West Africa representative for the Wild Africa conservation group, has rescued pangolins for more than a decade, which started with him scouring bushmeat markets for animals he could buy and save. He runs an animal rescue center and a pangolin orphanage in Lagos.
His mission is to raise awareness of pangolins in Nigeria through a wildlife show for kids and a tactic of convincing entertainers, musicians and other celebrities with millions of social media followers to be involved in conservation campaigns — or just be seen with a pangolin.
Nigeria is home to three of the four African pangolin species, but they are not well known among the country’s 240 million people.
Ofua’s drive for pangolin publicity stems from an encounter with a group of well-dressed young men while he was once transporting pangolins he had rescued in a cage. The men pointed at them and asked him what they were, Ofua said.
“Oh, those are baby dragons,” he joked. But it got him thinking.
“There is a dark side to that admission,” Ofua said. “If people do not even know what a pangolin looks like, how do you protect them?”