The Ministry of Investment has announced the launch of “Startup Saudi,” a comprehensive national initiative designed to support the establishment and expansion of entrepreneurial ventures across the Kingdom. This strategic program is set to strengthen Saudi Arabia’s position as a global hub for innovation, investment, and emerging technologies.
Startup Saudi offers a wide range of essential services aimed at empowering startups throughout their growth journey. These include company formation, robust institutional support, strategic networking with key public and private sector stakeholders, and incentive programs designed to accelerate expansion and enhance competitiveness on both local and global levels.
The program targets a diverse range of players within the innovation ecosystem, including:
- Startups at various growth stages
- Entrepreneurs and innovators with groundbreaking ideas
- Venture capital funds and angel investors seeking impactful opportunities
- Ecosystem enablers such as incubators, accelerators, and R&D centers
Focusing on high-growth, future-focused industries, Startup Saudi aims to accelerate innovation in strategic sectors such as HealthTech, FinTech, Artificial Intelligence, Machine Learning, Enterprise Software, Electric Vehicles, Biotechnology, AgriTech, EdTech, Advanced Technologies, Smart Cities, E-commerce, Robotics, and the Metaverse.
Through this ambitious initiative, the Ministry of Investment reaffirms its commitment to driving startup growth, enabling innovation, and fostering a dynamic entrepreneurship ecosystem aligned with the goals of Saudi Vision 2030, which seeks to build a diversified, sustainable, and knowledge-based economy.
