Techstars opens new Saudi Arabian accelerator

BOULDER — Techstars, the Saudi Arabian Ministry of Communications and Information Technology and Raed Ventures are partnering to launch a new accelerator program in Riyad. 

Raed Ventures is an early-stage venture-capital firm focused on the Middle East and North Africa.

“The Riyadh Techstars Accelerator will focus on attracting startups to [the Middle East and North Africa] and paving the way for future innovation in the region’s digital economy,” according to a Techstars news release. “While the accelerator will be Techstars’ first in Saudi Arabia, the organization has been active in the region for years through more than 700 Techstars Startup Weekend events,…