Saudi Arabia and China launch Media Business Accelerator

The accelerator, which will last three to four months, aims to make Saudi Arabia a global media hub.

The Saudi Media Academy, on behalf of the Ministry of Media, launched a media business accelerator in partnership with eWTP Arabia Capital, a Chinese venture capital firm, Saudi Cloud Computing Company, part of Alibaba, and the Fujian Youth Federation of China.

The opening of the accelerator was announced during the Saudi-China Media Entrepreneurs Forum, which coincided with the visit of a high-level delegation from Fujian, one of the Chinese economic centers with extensive experience in the media sector.

The initiative aims to support growth in the media sector by providing entrepreneurs and startups with the mentoring and resources they need to grow their businesses and reach their full potential. The aim is to leverage the strengths of both countries to position the kingdom as a global center for media technology innovation, create new media industries and support localization.

The accelerator program will last 3 to 4 months and will include 8 to 12 early-stage startups that have been identified as having high growth potential in several sub-sectors, including AI in media, digital content creation, media analytics, and interactive media and games. The program will include different phases, from mentoring and networking events with industry leaders to training, including workshops and courses on various business and technology topics.