Falak is the Arabic word for Astronomy, and we all know that astronomy is full of miracles that continuously enhance our understanding of the universe, just like Falak Investment Hub is full of integrated business services and initiatives designed to elevate entrepreneurial and tech-investment ecosystems.

Falak Investment Hub, a rising star in the Saudi Arabian business services, has been awarded as the “Most Innovative Business Incubator Services in KSA” from the Global Brands Magazine. This prestigious recognition shines a spotlight on Falak’s dedication to nurturing and empowering regional entrepreneurs with HQ in Riyadh, Saudi Arabia, fostering a vibrant ecosystem of creativity and innovative ideas.

Falak Investment Hub is an integrated hybrid between a business accelerator, program design, co-working space, and angel investment firm. A hub for those who believe they can change the world, help thrive as a nation, and rise to their limitless potential. Falak is a diversified portfolio of business units and they include 4 subsidiaries: Falak Products, Falak Programs, Falak Angels, and Falak Spaces to offer ecosystems a fully-fledged investment and corporate innovation opportunities in Saudi Arabia, enabling startup founders, angel investors, corporates, and public entities to play a significant role in developing the Kingdom’s entrepreneurial ecosystem.

Falak investment Hub startup story: how it was launched

The concept was founded in 2016 in the glowing city of Riyadh in response to the lack of companies focused on supporting the early-stage development of technology startups for those who create innovative ideas, dream of making them a reality, and want to see their inventions grow to benefit different parts of society and make a difference in the world.

Passionate entrepreneur Adwa Aldakheel was a full-time stock trader from early 2007 until 2015 and won multiple competitions in Capital Trading Markets across New England; following this success, Adwa seeked more than buying and selling on a screen – she wanted to be a part of a venture early on and enable it to create value and opportunities. In 2016, Adwa joined a 2-month old e-commerce startup in the UAE and played a major role as a Founding Team member to help get it acquired by a family office 1 and a half years later. With that, the dream of igniting a revolution in Saudi Arabia’s startup ecosystem was awakened. Armed with a market study showcasing a vast void for early-stage investment, she knew it was time to launch Falak, her “astronomical journey” towards empowering entrepreneurial dreams.

Adwa didn’t chase trends; she meticulously studied successful international models, meticulously identifying elements best suited for Saudi Arabia’s unique cultural and economic landscape.

Finding the perfect launchpad proved challenging. Months of navigating complex real estate contracts tested her resolve, but Adwa persevered, finally securing a vibrant, open-plan space designed to foster collaboration and inspire innovation.

Launched in 2018 by Adwa Aldakheel, Founder and CEO, Falak’s mission is to find, enable, and grow the next unicorn startup in MENA, with the vision of building and growing outlier and entrepreneurial communities with people who believe they will potentially make a difference, help their nation grow, and unlock their unlimited personal potential, Falak creates a space where entrepreneurs, mentors, and networking come together to support startups every step of the way.

Falak’s impact transcends startups, extending through its four essential pillars:

• Falak Angels with more than 100+ startup alumni and millions of dollars secured, Falak Angels connects promising startups with committed investors looking for impactful opportunities via an exclusive network that is digitized via falakangels.com and in-person in Falak’s HQ. It’s not just about the money; Falak’s curated platform creates an ecosystem for both players. Startups benefit from exclusive access to a diverse network of angel investors, experienced mentors, and resources to accelerate their growth.

Investors gain from promising ventures, segmented by quality and impact, resulting in a more powerful experience and giving the opportunity to be part of the Saudi entrepreneurial revolution, Falak Angels is not only an investment network, it’s a hub for innovation and mutual success in the Saudi startup ecosystem

• Falak Spaces fosters a community of outliers with more than 5,000 beneficiaries offering coworking spaces, event spaces and meeting space while enabling the power of connections and networks. Falak Spaces is a hub of growth, success and innovation, it provides exclusiveaccess to workshops, events, and mentorship programs, all designed to help and empower members to grow their businesses and initiatives.

• Falak Products after launching the first investment-backed accelerator in the Kingdom with the participation of angel investors and family offices, Falak invested in its product portfolio to launch multiple products and brands with a mission to find, enable, and grow the next unicorns of the region. 5 years after launching Falak’s products, Falak grew the market cap of 30+ startups to more than 1.13 billion SAR and enabled more than 150 entrepreneurs and aspiring entrepreneurs to launch and grow their businesses. Within the portfolio of Falak’s products, Falak offers international startups a soft-landing program designed for international entrepreneurs looking to expand their business into MENA’s biggest market: Saudi Market. In line with the Saudi 2030 vision, which promises to open its doors to foreign investment, Falak launched the Soft Landing Program to promote and foster innovation, creativity, and diversification in the Saudi economy.

• Falak Programs with more than 20+ programs designed and operated, Falak Programs is a boutique program design and management unit aimed to enable corporates and governmental entities to create impact-driven programs within the following 3 focuses: entrepreneurship, innovation, and tech-investments. It aims to cascade Falak’s impact from having an integrated group to other stakeholders in the market.

Falak’s success speaks volumes

Falak Investment Hub has supported and facilitated the growth of more than 30 tech startups based in the MENA region, with a total market cap of 1.13 billion SAR of portfolio companies, with a 350% average startup growth rate in Falak’s programs, and more than 33 international growth-stage companies have landed in the KSA region. Falak’s track record speaks for itself, The Flagship Product alone injected 13 million SAR in promising ventures, while its angel network connects investors.

A word from Falak’s CEO Adwa Aldakheel: “in an age of opportunities, we are betting on the #1 commodity: entrepreneurs. Our mission in life is to enable innovators, entrepreneurs, and investors to become a platform of job creation, GDP contribution, and a reason for the betterment of the world.”