Value Maker Studio is to support entrepreneurs and promote their expansion through a distinctive combination of mentoring, funding, networking, and investment opportunity generation programmes.

Value Maker Studio

BADIR is a Technology Incubator Program launched by King Abdul Aziz City for Science and Technology (KACST) in 2007

BADIR

We are a Saudi Arabia based incubator and accelerator formed by entrepreneurs

Startups House

![a view of a city from the top of a building](https://images.unsplash.com/photo-1586724237569-f3d0c1dee8c6?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
 Saudi Arabia is in the midst of an active transition from an oil economy to a digital economy that is more open and integrated with the world. The country already has the largest technology market in the Arab MENA region and is a regional leader in technology talent, with jobs in the technology sector and with a rising rate of participation of women in the ICT industry. As with all transitions, time is required to change prevailing mindsets and encourage more of the local population to take risks and build startups. Saudi Arabia may find that women, who are now gaining unprecedented rights and opportunities in the country, are ready to embrace entrepreneurship. 

 

==read-more==

 

 Recently, however, the Saudi government has been focusing on increasing economic diversification by developing the private sector and increasing inclusion. By the end of 2023, these efforts to diversify the economy have borne fruit, notably with the rise of two unicorns, Tamara and Tabby. 

 

 The Kingdom is supporting multiple initiatives and investments to transform Saudi Arabia into an innovation-based economy. One of the most prominent examples is Neom, a planned smart city in Saudi Arabia which is perceived as a living laboratory and a place where entrepreneurship and innovation thrives. The Saudi Arabia Ministry of Communication and Information Technology (MCIT) supports Saudi Arabia's startups through various initiatives and programs aimed at fostering the entrepreneurship ecosystem in the Kingdom. One key initiative is the Center of Digital Entrepreneurship (CODE), which aims to accelerate digital knowledge and supports digital entrepreneurship through networking events, incubators, accelerators, and developing digital capabilities. Another technology-related initiative, Technology Growth Financing (TGF) offers guarantees for tech startups and SMEs of up to 90% funding. The TGF was launched by The National Technology Development Program (NTDP) in a strategic partnership with the SMEs Financing Guarantee Program Kafalah. 

 

 On top of these initiatives, the Small and Medium Enterprises General Authority ([Monshaat](https://www.monshaat.gov.sa/en)) is a key public sector organization that deserves a special mention for supporting the startups and SMEs through consultation services, networking opportunities, and other growth initiatives. Moreover, MCIT has announced the [Saudi Unicorns Program](https://saudiunicorns.net/en) to support Saudi startups on their journey to become unicorns. 

 

 Saudi Arabia startup ecosystems benefit from tremendous funding and forward thinking initiatives that promote startup enterprises. The Saudi market is also a great environment for startups to test products and services, as money is readily available from the oil industry. A key example of such initiatives, the Blossom Accelerator is MENA's first inclusive innovation program. While the [Blossom Accelerator](https://blossom.sa/) does not invest directly in startups, it plays a crucial role in curating investment opportunities, thereby connecting founders and startups with potential investors. On the funding side, the Kingdom supports startups that are looking to grow with funds worth US$ 2.4 billion collectively. Some of the firms deploying these funds are [Merak Capital](https://merak.capital/), [Shorooq Partners](https://www.shorooq.com/), and several local banks to support the scaling of startups in the country. Another investor, the government-owned Saudi Venture Capital, supports the ecosystem with direct investments to funds and co-investments in startups. 

 The country also hosts the [Leap Tech Conference](https://onegiantleap.com/), a three-day long event with the participation of over 100,000 attendees, showing a strong commitment to boosting entrepreneurship and developing the Saudi Arabia tech scene.

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Saudi Arabia

Middle East

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