Riyadh - Sharikat Mubasher: Stc Group, an engine of digital transformation in the region, celebrated the graduation of 44 local and global startups from its InspireU business accelerator.

The ceremony witnessed the graduation of Cohort 1 of InspireU’s advanced track and showcased the achievements of Cohort 10 and Cohort 11 of the accelerator, a recent statement revealed.

Several entrepreneurs showcased their inspiring success stories, highlighting the pivotal role of InspireU in fostering their startups.

Since its launch in 2015, InspireU has contributed to supporting more than 130 startups, many of which have successfully become leading brands that have expanded regionally and globally, such as Marsool, Zed, Sari, and MisMar, the winner of the Entrepreneurship World Cup (EWC) 2024.

These achievements underscored the crucial role that stc plays in promoting innovation and enhancing the entrepreneurial ecosystem, ultimately realizing the Kingdom’s digital transformation goal.

Throughout the past three years, InspireU positioned itself as a key player in the region’s entrepreneurial ecosystem by expanding its cope to attract more startups from the GCC region, the UK, France, and other countries from around the world. It further attracted four global startups to start their operations in the Kingdom by partnering with the Saudi Ministry of Investment.

InspireU is a leading destination for local and global venture capital funds that bridges Saudi innovation with global investment opportunities, consolidating the Kingdom’s position as a global hub for innovation and entrepreneurship.  

The InspireU advanced track targets accelerating startups’ growth by providing innovative solutions and comprehensive services that include strategic planning for growth and consultancies provided by global experts from Silicon Valley.