Microsoft and Merak Capital have formed a strategic alliance aimed at boosting the expansion of the gaming startup scene in Saudi Arabia. Through this partnership, up-and-coming gaming businesses will have access to international marketplaces, mentorship, and state-of-the-art technology.
Providing Mentorship and Innovation in Technology to Startups
Microsoft will provide startups the necessary resources as part of this effort, such as Azure cloud services, tools for game creation, and industry knowledge. With the help of Microsoft’s vast worldwide network, developers will be able to effectively design, scale, and optimize their game applications.
Startups will also have access to mentorship programs run by seasoned professionals in the field, which will help them better their market positioning, strengthen their game creation skills, and hone their business plans.
Exel Gaming Accelerator: Promoting AI and Cloud Gaming Innovation
Microsoft’s participation in the Exel Gaming Accelerator is one of the partnership’s main components. By giving businesses a venue to test and grow their gaming solutions, this program aims to foster innovation in artificial intelligence (AI), cloud gaming, and data analytics.
In order to guarantee that participating entrepreneurs get the assistance they require to succeed in the cutthroat gaming sector, the accelerator will provide organized training, workshops, and networking opportunities.
The Dedication of Merak Capital to Saudi Vision 2030
In keeping with Saudi Vision 2030, Merak Capital, a well-known investment company, continues to assist the gaming industry in Saudi Arabia through its US$80 million Gaming Fund. By collaborating with Microsoft, Merak Capital hopes to create a climate that will support gaming entrepreneurs, generating new employment possibilities and stimulating the local economy.
Eligibility and the Application Process
Applications are now being accepted for the inaugural cohort of the Exel Gaming Accelerator, and the deadline is February 16. Applications are encouraged from gaming entrepreneurs with creative solutions, scalable business models, and strong growth prospects. Selected businesses will have access to international gaming marketplaces, specialized advice, and financial options.
In conclusion
The collaboration between Microsoft and Merak Capital represents a major advancement in the growth of the gaming sector in Saudi Arabia. This program will open the door for ground-breaking inventions and position Saudi Arabia as a major force in the global gaming industry by giving companies access to cutting-edge technology, investment, and mentorship.
