Parachute16 is a MENA-based ecosystem builder that supports startups through various acceleration programs and initiatives. Founded in 2015, it connects entrepreneurs, NGOs, and private sector companies to foster economic growth in the region.
Online destinations
Where to find this organization online, grouped by who runs each page. A link here does not mean the organization controls it.
Pages the organization runs itself.
Parachute16, established in 2015, is based in the Middle East and North Africa (MENA) region. The organization focuses on building a collaborative and impactful entrepreneurship ecosystem through various programs and services aimed at supporting startups and social entrepreneurship.
Parachute16 provides a range of services including entrepreneurial training and mentorship through acceleration programs, boot camps, and hackathons. They work on forging strategic partnerships and leveraging networks of founders, entrepreneurs, experts, investors, and VCs to enhance the entrepreneurial ecosystem.
The program offers mentorship, training, funding, and workshops to startups and social entrepreneurs, along with strategic partnerships and network access.
Parachute16 typically looks for startups that focus on social entrepreneurship and innovation within the MENA region. Founders should demonstrate a commitment to addressing social issues through their business models.
Interested startups can apply through the Parachute16 website. The application process usually involves submitting a business plan and attending an interview with the selection committee.
Specific deal terms are not publicly disclosed, but accepted startups can expect mentorship, training, and potential funding opportunities.
Programs are typically structured as in-person sessions, with a mix of workshops, mentorship meetings, and networking events. Some programs may also include virtual components.
Parachute16's unique focus on social entrepreneurship and corporate innovation sets it apart. The organization actively engages with both startups and established companies to foster a collaborative environment.
Parachute16 tracks the number of startups accelerated, funding raised by alumni, and the impact of their initiatives on social and environmental issues in the region.
From public sources
parachute16’s 2022 history describes sector-specific accelerator work in Saudi tourism, publishing, and Hajj and Umrah.
Source: About parachute16parachute16 publishes a general collaboration contact on its website.
Source: About parachute16The official Hub booking form is accessible; booking capacity was not checked.
Source: My new form | What's your full name?The Soft Landing page directs its registration button to parachute16’s LinkedIn profile.
Source: Soft Landing Programparachute16’s company profile lists Riyadh as its headquarters.
Source: parachute16 | برشوت16 | LinkedInparachute16 lists Razan Sharia as its co-founder.
Source: About parachute16Organizations that do similar work to parachute16 | برشوت16.
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