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Falak Ventures, with the backing of the National Technology Development Program (NTDP), has officially launched the operational phase of its Flagship 3 accelerator. This revamped, investment-backed iteration is exclusively dedicated to "Core AI" startups—companies where artificial intelligence fundamentally drives their products and business models.

The initiative aligns with NTDP’s mandate to cultivate Saudi Arabia's tech ecosystem and position the Kingdom as a global hub for technological innovation by 2030.

Program Framework and Strategic Vision

Adwa AlDakheel, Founder and CEO of Falak, emphasized that the accelerator is engineered for post-program, measurable commercial growth rather than conceptual ideation. The selected companies will undergo customized development tracks addressing investment readiness, operational bottlenecks, and corporate matchmaking. The intensive program will conclude with a Demo Day, connecting the founders with a curated network of regional investors and strategic partners.

The Flagship 3 Cohort

The selected cohort comprises eight AI-driven startups addressing distinct operational challenges across varied sectors:

StartupSector FocusCore AI Value Proposition

ENOVA SafetyConstruction TechUtilizes behavioral data analysis to detect hidden risk patterns and predict workplace accidents before they occur, shifting safety from reactive reporting to proactive mitigation.

QurkFinOpsConnects fragmented business applications to automate financial workflows, unify reporting, and translate disconnected operational data into actionable insights.

Ajeer PayHR / WorkforceA smart marketplace for estimating labor demands, sourcing temporary workers, managing compliant contracts, and processing unified payrolls.

LesserCircular EconomyDigitizes waste management in Saudi Arabia by integrating AI-backed recycling technologies, reverse logistics, and ESG compliance infrastructure.

EyeGoIoT & Site MonitoringUpgrades standard CCTV and IoT sensors into real-time operational intelligence platforms for food safety, crowd management, and asset protection.

Net Zero BuildPropTechAutomates the complex administrative workflows required for real estate developers to secure green building certifications (e.g., LEED, BREEAM, Mostadam).

MABIENInsurTechDevelops an AI-driven decision architecture for the health insurance sector, accelerating medical approvals and claims assessments while maintaining human oversight.

Handi HubE-commerceConsolidates fragmented marketing and sales data into a unified AI operating system, providing daily recommendations to optimize ad spend and operational efficiency.