women in tech
Middle East & Africa Women in Tech

Empowering Women in Tech: Standard Chartered and Falak Investment Hub Launch Second Cohort

Standard Chartered has extended its partnership with Falak Investment Hub to launch the second cohort of the Women in Tech Programme in The Kingdom of Saudi Arabia.

Following the success of the first edition, the program is back to empower a new cohort of women-led startups with training, mentorship and seed funding opportunities. The application process is open for the next four weeks.

The first cohort included eight startups taking part in an eight-week learning and growth journey. The programme showcased innovative ideas in various sectors, including fintech, health tech, property tech, as well as edutainment.

Three Saudi Arabia-based female-led startups were awarded $50,000 in equity-free rewards, as part of the first Standard Chartered Women in Tech programme.

“The first edition of the Women in Tech Program received an overwhelming positive response, we are looking forward to the second cycle to scale the program’s impact and unlock the potential of more women-in-tech,” said Mazen Bunyan, CEO, Standard Chartered Saudi Branch.

While Adwa Al Dakheel, founder and CEO, Falak Investment Hub, also commented: “A second cohort the programme represents our commitment towards empowering women within our ecosystem. We are excited to run the programme again and provide more startups with access to necessary resources and financial opportunities that establish solid grounds for growth.”

Applications are open until 25 November 2023. Finalists will pitch to the selection committee in December 2023. Next, the selected startups will join an eight-week programme, followed by pitching at a ‘demo day’ for a chance to win one of the funding prizes.

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