Blossom Accelerator has launched “DominAite,” a program aimed at scaling global AI startups within Saudi Arabia. The program seeks to attract international AI companies to establish and expand their operations in the Saudi market. It offers resources, mentorship, and access to local networks to facilitate growth. Why it matters: This initiative could accelerate the development of the AI ecosystem in Saudi Arabia by bringing in international expertise and innovation.
KAUST and SABB have launched the fourth TAQADAM Startup Accelerator program, open to all entrepreneurs in Saudi Arabia. The six-month program offers accepted startups 150,000 SAR in zero-equity grant funding, mentorship, and access to co-working and lab facilities. Startups can compete for an additional 375,000 SAR in follow-on funding at the end of the program. Why it matters: This initiative is key to supporting the growth of the entrepreneurship ecosystem in Saudi Arabia and diversifying the Kingdom's economy, aligning with Saudi Vision 2030.
KAUST, in partnership with SABB, has opened applications for the 2021 TAQADAM Startup Accelerator, welcoming up to 60 startups. Each startup will receive 150,000 SAR in zero-equity grant funding, access to co-working spaces, training, and expert mentors during the six-month program. Saudi Arabian-based startups at all stages and international startups planning to expand into Saudi Arabia are encouraged to apply by April 10, 2021. Why it matters: This accelerator program provides crucial resources and funding for early-stage entrepreneurs in Saudi Arabia, fostering innovation and contributing to the growth of the Kingdom's startup ecosystem.
KAUST's TAQADAM Accelerator program has commenced its fourth cohort virtually, featuring 59 startups and 168 entrepreneurs from Saudi Arabia, Bahrain, Lebanon, and Egypt. This year marks the first time international startups have been accepted into the program, which offers up to SAR 150,000 in zero-equity funding. The bootcamp includes intensive training, workshops, mentorship, and guest speakers from UC Berkeley and GEN. Why it matters: This accelerator is a key initiative by KAUST and SABB to foster entrepreneurship and technological innovation in Saudi Arabia, aligning with the Kingdom's Vision 2030 goals.
King Abdullah University of Science and Technology (KAUST) and SAB concluded the showcase for the ninth cohort of the TAQADAM startup accelerator. The program supported 20 ventures from 13 countries across 12 industries over six months, preparing them to scale within Saudi Arabia. Each participating startup received $40,000 in non-dilutive funding, with the top 10 securing an additional $100,000. Why it matters: This initiative fosters entrepreneurship, supports the commercialization of research, and attracts international innovation into Saudi Arabia, aligning with the Kingdom's Vision 2030 goals.
KAUST and SABB (Saudi British Bank) have partnered to launch a startup accelerator program. The program will be open to multiple universities in Saudi Arabia. Details on the application process and specific program focus are forthcoming. Why it matters: University-linked accelerators boost Saudi Arabia's innovation ecosystem by providing resources for young companies.