Backed by US$80 Million Fund, Exel by Merak Gaming Accelerator Opens Applications for Gaming Startups In Saudi Arabia-

Exel by Merak, a gaming accelerator backed by the KSA-based technology-focused investment firm Merak Capital’s $80 million gaming fund, has opened applications for its inaugural cohort. 

The accelerator, which aims to support entrepreneurs and startups in the gaming domain with resources, mentorship, and funding to help them develop and expand their businesses, operates within the framework of the Merak Gaming Fund, a strategic initiative supported by the National Development Fund (NDF) aimed at fortifying Saudi Arabia’s gaming ecosystem. 

The program is thus designed to foster the next generation of gaming entrepreneurs, both locally and internationally, and thereby aligning with Saudi Arabia’s vision to establish itself as a global hub for gaming and innovation in accordance with Vision 2030. 

In a statement, Abdullah Altamami, founder and CEO of Merak Capital, said, “The National Development Fund’s sponsorship of the Merak Gaming Fund underscores Saudi Arabia’s commitment to cultivating a world-class gaming ecosystem. Exel by Merak is an embodiment of this vision, equipping startups with the resources, mentorship, and funding necessary for success on a global scale.” 

Faisal Sedrani, Vice President and Leader of Exel by Merak, 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.” 

The accelerator program is set to begin with a two-week virtual bootcamp focused on refining business strategies, and that will be followed by a 16-week acceleration phase focused on business development, product commercialization, and investment readiness. Selected participants will receive an initial convertible note investment to kickstart their development, with opportunities for follow-on investments contingent on progress. They will also benefit from expert mentorship through weekly sessions with seasoned gaming professionals and ongoing support from a dedicated Entrepreneur-in-Residence (EIR). 

Moreover, tailored resources will be provided to assist with game development, business strategy, scaling efforts, and connecting startups with investors, industry leaders, and global partners to foster collaboration. The initiative will conclude with a Demo Day, where startups will present their projects to investors, partners, and industry stakeholders. 

With the global gaming market projected to surpass $200 billion, and Saudi Arabia’s rapid emergence as a center for gaming innovation, Exel by Merak thus offers a transformative platform for startups to refine their offerings, scale their businesses, and unlock investment opportunities through a structured program.