Exel by Merak

Exel by Merak is a gaming accelerator program that supports early-stage gaming startups in scaling their businesses and achieving global success. Backed by Merak Capital's $80 million gaming fund and supported by Saudi Arabia's National Development Fund, Exel aims to position Saudi Arabia as a leading hub for gaming innovation. The program offers a comprehensive support ecosystem, including up to $300,000 in funding per startup, mentorship from industry experts, and access to essential business services like legal and marketing support. Startups participate in a structured timeline that includes a two-week virtual bootcamp, a 16-week in-person acceleration phase in Riyadh, and ongoing post-program support. Exel by Merak focuses on various gaming sectors, including game development, gaming technologies, and innovative services, with an emphasis on integrating artificial intelligence into game design and operations.