Five Saudi tech startups qualify for Badir Accelerator programme

One of the entrepreneurs received the qualification certificate from Sarah Almubarak, Central Region Manager at Badir Program.

Five Saudi technology companies have qualified for the Badir Business Accelerator Programme in its third cohort this coming year out of 350 startups, it said in a statement on Monday.

The startups will be offered support, funding and guidance over the next three months to guarantee their success in their initial stages by the Riyadh-based initiative, the statement said.

The startups’ fields of work varied between technologies in sports clubs and trainers, electronic sports, furnishings and the agricultural sector.

“These startups will be incubated over the next three months by the business accelerator and supported by numerous advisory services and intensive programs to guarantee their success in the initial stages of incorporation. These services will include training, workshops, business offices, strategic guidance and legal support along with other privileges and benefits,” Nawaf Al Sahhaf, CEO at Badir Program for Technology Incubators, said.

Read: Saudi startup funding market changing rapidly, says Badir CEO

In addition to the incubation programs and advisory services, Badir Accelerator will also finance the startup technology companies with amounts up to SAR 300,000, in exchange for a share in their capital.

The Accelerator will also help companies acquire additional investments through an extensive network of local and regional investors.