Neom, Saudi Arabia’s futuristic city being built on the shores of the Red Sea has partnered with Saudi Arabian NTDP ( National Technology Development Program) and Outlier Ventures, a global Web3 accelerator, to launch the first Web3 accelerator and the FutureSpark Base Camp Demo Day.

Naif Abu Saida, Director of Web3 at Neom stated in a LinkedIn post, ” The future is here, and it’s powered by Web3.  Since the beginning of our Web3 journey at NEOM, we’ve been working tirelessly to bring innovation to the forefront, and today, we’re proud to unveil the Kingdom’s first Web3 accelerator!”
NEOM, in collaboration with NTDP and, Outlier Ventures, presented FutureSpark Base Camp Demo Day in Riyadh. This event featured nine cutting-edge startups from the local and global Web3 ecosystem, highlighting the talent and innovation shaping the future of technology.

The Demo Day took place on January 20th 2025, Abu Saida noted,” On Monday, we wrapped up an amazing day at the FutureSpark Base Camp Demo Day! The energy in the room was incredible as nine talented startups showcased their hard work and bold ideas. A huge shoutout to the teams for their inspiring presentations and for sharing how they’re breaking new ground in Web3 technology. It’s exciting to see how their innovations could shape the future of the digital world. We’re also deeply thankful to our partners, National Technology Development Program NTDP and Outlier Ventures, for their tremendous effort to make this program a success story.”

According to Abu Saida this is just the beginning. The FutureSpark Base Camp cohort is one of many cohorts to come, supporting Saudi Arabia’s rapidly growing Web3 ecosystem and paving the way for more innovation.

Outlier Ventures developed Base Camp Program in KSA

This is not the first program that Outlier Ventures has participated in. In 2024 it announced the launch of its Riyadh KSA Base Camp Program. The Base Camp Program, will start in early September 2024 for a duration of 12 weeks. Investments will reach up to $100,000 to help startups who are accepted relocate to Saudi Arabia. As per Outlier Ventures website, the Riyadh-based program would take the strongest founders across the region’s most promising technology verticals, giving them the resources they need to build industry-defining startups.

Neom partnered with Animoca brands to build solid Web3 infrastructure

In 2024, Animoca Brands and Saudi Arabian NEOM Investment Fund signed a strategic partnership that included a $50 million convertible notes financing from NEOM into Animoca. In early January of 2025, Animoca Brands announced that the next step of the partnership is fast approaching and it includes building a solid web3 infrastructure using innovative technologies.