parachute16 and King Khalid Foundation have partnered to launch "Ghiras Accelarator"

Riyadh, Saudi Arabia – parachute16 announced the signing of a partnership agreement with King Khalid Foundation to launch "Ghiras Accelerator," an initiative aimed at supporting startups in the field of environmental innovation, promoting sustainable development, and aligning with the goals of Saudi Vision 2030.

A Strategic Partnership for Sustainability
This partnership reflects King Khalid Foundation’s vision of building a Saudi society with equal opportunities and a sustainable environment. It also strengthens the Foundation’s efforts to empower sectors that drive sustainable development.

The initiative aims to enable Saudi entrepreneurs to develop innovative environmental solutions by providing:
🔹 Financial and technical support
🔹 Specialized training and consulting
🔹 Opportunities to connect with investors and strategic partners

"Ghiras Accelerator" – Toward a Greener Future for Entrepreneurship
Under the agreement, "Ghiras Accelerator" will support five startups specializing in environmental innovation, offering them an intensive 12-week program that includes:

🔹 Specialized workshops on environmental innovation, market analysis, customer acquisition, and operational planning to ensure the startups are ready for growth and competition.
🔹 Mentorship sessions with experts in entrepreneurship and sustainability to help refine business models and enhance environmental and economic impact.
🔹 Consulting sessions to improve product quality, integrate sustainability technologies, and boost investment readiness and expansion potential.

The accelerator will also provide social impact startups with opportunities to connect with investors and strategic partners, opening new avenues for growth and regional expansion.

Vision 2030 and Investing in Green Innovation
This initiative aligns with the goals of Saudi Vision 2030, which aims to:

🔹 Empower entrepreneurs and innovators, positioning the startup sector as a key driver for economic diversification.
🔹 Promote environmental sustainability by supporting various forms of green innovation projects.
🔹 Stimulate investment in the green economy by creating a supportive environment for sustainable innovation in the Kingdom.

The Launch of "Ghiras Accelerator" Coming Soon – Stay Tuned!
With the official signing of the agreement, parachute16 and King Khalid Foundation are preparing to announce the full launch details of the accelerator and the application process soon through social media platforms and the parachute16 website.

🌱 Stay tuned for the launch of "Ghiras"… The future of environmental entrepreneurship starts now!