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.

 


In southeast Pakistan, Ramadan brings Hindus and Muslims closer

Updated 10 March 2026
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In southeast Pakistan, Ramadan brings Hindus and Muslims closer

MITHI: Partab Shivani, a Hindu in Muslim-majority Pakistan, has fasted on and off during Ramadan for years, but this time is different as he practices abstinence for the entire holy month.
Every year, he and his friends in the southeastern city of Mithi arrange iftar, when Muslims break their daily fast, to foster peace and solidarity between the two religions.
“I believe we need to promote interfaith harmony. First, we are humans — religions came later,” Shivani, a 48-year-old social activist, told AFP, adding that he also reads the teachings of the Buddha.
“His message is about peace and ending war. Peace can spread through solidarity and by standing with one another. Distance only widens the gap between people,” he added.
Ninety-six percent of Pakistan’s 240 million people are Muslim. Just two percent are Hindu, most of them living in rural areas of Sindh province where Mithi is located.
In Mithi itself, most of the 60,000 inhabitants are Hindu.
Many of the city’s Hindus also observe Ramadan and iftar has become a social gathering where people from both faiths happily participate.
“This has been a wonderful tradition of ours for a very long time,” said Mir Muhammad Buledi, a 51-year-old Muslim friend who attended Shivani’s iftar gathering.
“It is a beautiful example of harmony between the two communities.”
Like brothers
Discrimination against minorities runs deep in Pakistan.
Following the end of British rule in South Asia in 1947, the subcontinent was partitioned into mainly Hindu India and Muslim-majority Pakistan.
That triggered widespread religious bloodshed in which hundreds of thousands were killed and millions displaced.
According to the Human Rights Commission of Pakistan, freedom of religion or belief is under constant threat, with religiously motivated violence and discrimination increasing yearly.
State authorities, often using religious unrest for political gain, have failed to address the crisis, the independent non-profit says.
But such tensions are absent in Mithi.
“I am a Hindu but I keep all the fasts during this month,” said Sushil Malani, a local politician. “I feel happy standing with my Muslim brothers.
“We celebrate Eid together as well. This tradition in the region is very old.”
Restaurants and tea stalls are closed across Pakistan during Ramadan.
Ramesh Kumar, a 52-year-old Hindu man who sells sweets and savoury items outside a Muslim shrine, keeps his push cart covered and closed until iftar.
“There is no discrimination among us if someone is Muslim or Hindu. I have been seeing this since my childhood that we all live together like brothers,” he said.
Muslim shrine, Hindu caretaker
Locals say Mithi’s peaceful religious coexistence can be traced to its remote location, emerging from the sand dunes of the Tharparkar desert, which borders the modern Indian state of Rajasthan.
Cows — considered sacred in Hinduism — roam freely in Mithi city, as they do in neighboring India.
At two Sufi Muslim shrines in the middle of the city, Hindu families arrange meals, bringing fruit, meals and juices for their Muslim neighbors to break their fasts.
“We respect Muslims,” said Mohan Lal Malhi, a Hindu caretaker of one of the shrines.
Mohan said his parents and elders taught him to respect people regardless of religion or color, and the traditions pass from one generation to the next.
Local residents said both communities consider their social relationships more important than their religious identity.
“You will see a (Sikh) gurdwara, a mosque, and a shrine standing side by side here,” Mohan said. “The atmosphere of this area teaches humanity.”