King Abdulaziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, has launched an Industrial Enterprises Bootcamp in Riyadh, in collaboration with the Saudi Industrial Development Fund (SIDF).
The bootcamp strives to support the start-up industrial projects, assisting them in attracting funding as well as developing a culture of entrepreneurship among youth, said a statement from the company.
Participants will be guided and educated on how companies are set up and their work plans, financial and strategies are prepared, it said.
The bootcamp, which will last for 10 days, will include lectures, training programmes, workshops and special sessions on topics related to the creation of new tech companies in the industrial field and how to effectively present ideas to investors, it added.
Nawaf Al Sahhaf, chief executive officer of Badir Technology Incubators and Accelerators Programme, said: “Recognising the importance of emerging industrial projects at the national level is vital in enhancing and improving the competitiveness of the Saudi economy.”
“Therefore, the KACST has signed a cooperation agreement with the SIDF to establish the first business accelerator specialized in start-up industrial projects, which begins its first phase through the Industrial Enterprises Bootcamp in Riyadh,” he added.
He stressed that the bootcamp emphasises the Badir Program's belief in the importance to support start-up industrial projects through consulting services such as training, workshops, labour offices, strategic guidance, legal support, and other privileges and benefits, to help succeed in the first construction phases.
“We will incubate the successful projects in the bootcamp for three months under the Badir Program, supporting them with various services, including advisory and intensive programmes to help them succeed in the early stages of incorporation,” Al Sahhaf concluded. – TradeArabia News Service