Exel by Merak gaming accelerator is now accepting applications for first cohort
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Merak Capital’s $80 million gaming accelerator Exel by Merak is now accepting applications for its first cohort.
Selected participants will receive initial convertible note investments, mentorship from gaming professionals, and support from an Entrepreneur-in-Residence (EIR).
The program includes a two-week virtual boot camp and a 16-week acceleration phase focused on scaling, product commercialisation, and investment readiness. It concludes with a Demo Day, where startups can present their solutions to investors and industry leaders for future opportunities.
The program aims to support gaming startups by providing founders with resources, mentorship, and funding to help grow their ventures and contribute to the global games industry as part of Saudi Arabia’s Vision 2030 initiative.
Applications are currently open until February 16th, 2025. Interested founders and startups can apply from the official website.
Empowering gaming founders
“The National Development Fund’s sponsorship of the Merak Gaming Fund underscores Saudi Arabia’s commitment to cultivating a world-class gaming ecosystem,” said Merak Capital founder and CEO Abdullah Altamami.
“Exel by Merak is an embodiment of this vision, equipping startups with the resources, mentorship, and funding necessary for success on a global scale.”
VP and leader of Excel by Merak Faisal Sedrani added: “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.”
