Exel by Merak

Exel by Merak is a Saudi innovation platform that supports early-stage startups through specialized accelerator, incubation, and capability-building programs focused on digital technology and entrepreneurship. Backed by the Merak Capital ecosystem and working with a global partner network, the platform operates across Saudi Arabia and is designed to help startups and organizations turn ideas into market-ready initiatives.

Its programme portfolio is structured around several formats: structured accelerators that help founders validate products and business models and strengthen commercial readiness; incubation programmes for early-stage founders; hackathons designed and delivered as part of its innovation programming; corporate innovation initiatives; and capability-building programmes focused on founder skills. The Exel Gaming Accelerator supports early-stage gaming startups with structured guidance, investment opportunities, expert mentorship, and access to gaming-industry networks.

Gaming and digital technology are among the platform's stated verticals, alongside entrepreneurship and startups. Exel by Merak states that it contributes to the development of Saudi Arabia's gaming ecosystem, and its approach emphasises practical guidance and connections to mentors, investors, and industry partners.