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 launched the third cohort of its TAQADAM startup accelerator program on February 8th. The program, a partnership between KAUST and SABB, aims to equip students, faculty, and recent Saudi graduates with the tools to launch tech companies. This year's cohort consists of 133 people from 42 startups, with 35% female participation. Why it matters: Accelerators like TAQADAM are crucial for fostering entrepreneurship and translating research into commercial ventures, contributing to Saudi Arabia's diversification 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.
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.