India Accelerator launches $15 Mn fund to expand into Saudi Arabia

Seed-stage accelerator India Accelerator (IA) has launched a program in Saudi Arabia, supported by a $15 million fund to help Indian startups enter and grow in the Kingdom.

The initiative is backed by NTDP’s Empowering Accelerators program, promoting Saudi Arabia’s innovation agenda under Vision 2030.

The program will focus on startups in AI, sustainability, electric mobility (EV), proptech, and deeptech.

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The first cohort, launching in March 2026, will support 8–10 high-potential startups with market-entry guidance, regulatory advice, local partnerships, and investor connections. Applications opened on December 8, 2025, and close on February 28, 2026.

Ashish Bhatia, Founder, India Accelerator, said in a statement, “Saudi Arabia is emerging as one of the world’s most forward-looking innovation markets. Through this partnership with NTDP, we aim to offer Indian startups a trusted, structured pathway to scale in the Kingdom. This collaboration reinforces our commitment to enabling cross-border expansion and building meaningful linkages with global innovation ecosystems.”

Ibrahim Neyaz, CEO of the National Technology Development Program (NTDP), said in a statement, “Saudi Arabia and India are home to two advanced startup ecosystems. Through our partnership with India Accelerator, we are opening new pathways that enable indian entrepreneurs to collaborate with Saudi partners, tap into the Kingdom’s evolving technology and investment landscape and contribute to the growth of its digital economy. This partnership strengthens the connection between our ecosystems and helps deepen long-term collaboration between the two countries in technology and investment.”

The collaboration is expected to boost India Accelerator’s engagement across the Gulf and expand its global presence.

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India Accelerator (IA) is a seed-stage accelerator supporting innovation and emerging founders worldwide. Besides its accelerator program, IA is active in early-stage investments through its joint venture Finvolve, three AIFs, and a GIFT City fund, providing startups with mentorship, tools, and networks to succeed.

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