KAUST and SABB will award 10 million SAR to entrepreneurs in the fourth TAQADAM Startup Accelerator program, doubling the zero-equity grants from previous years to 150,000 SAR per startup. 59 startups across sectors like agriculture, logistics, and healthcare have joined the cohort. Participating startups will receive expert mentorship and training, industry exposure, and funding to invest in growth and development without sacrificing equity. Why it matters: This increased funding and support from KAUST and SABB signals a strong commitment to fostering a thriving deep-tech startup ecosystem in Saudi Arabia, providing crucial resources and mentorship to promising ventures.
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 startup Saee, a last-mile delivery company, was recently acquired by Estimkan Holding. Co-founded by KAUST alumnus Dr. Tariq Alturkestani, Saee benefited from KAUST's support through programs like the KGSP and the TAQADAM Startup Accelerator. Saee evolved from a carpooling app for women into a logistics solution for parcel delivery, adapting to the changing Saudi market. Why it matters: The success of Saee demonstrates KAUST's increasing role in fostering entrepreneurship and contributing to Saudi Vision 2030 by developing innovative ventures.
KAUST and SABB awarded $1.1 million in non-dilutive funding to 11 startups at the TAQADAM Startup Accelerator Showcase. Ten startups each received $100,000 from a judging panel, and Autlient, a computer vision startup, won the People's Choice award and an additional $100,000. The TAQADAM accelerator aims to develop early-stage entrepreneurs and their concepts into high-potential startups from Saudi Arabia and beyond. Why it matters: This funding boosts the Saudi startup ecosystem, particularly in areas like fintech, health tech, and AI-driven solutions like computer vision, fostering innovation and economic diversification.
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 and SABB announced the winners of the TAQADAM startup accelerator program, awarding over 4 million SAR in zero-equity funding to 11 startups. 10 winners were selected by judges to receive 375,000 SAR each, with an additional People's Choice award of the same amount. The 2020 cohort included startups from eCommerce, HealthTech, EdTech and FinTech. Why it matters: This program highlights the growing entrepreneurship ecosystem in Saudi Arabia, fostering innovation across diverse sectors and attracting international interest.
KAUST and SABB are partnering to host a virtual demo day on March 10 for the TAQADAM Startup Accelerator. The 2020 cohort of 37 startup finalists, representing diverse industries, will pitch their ventures to investors and judges. The teams received 150,000 SAR in zero-equity grant funding and mentorship. Why it matters: The TAQADAM program is an important part of the Saudi entrepreneurship ecosystem, fostering early-stage entrepreneurs and contributing to the development of high-potential startups in the Kingdom.
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.