Badir Program, SIDF launch bootcamp for industrial startups

King Abdulaziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, on Tuesday announced the launch of 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. Participants will be guided and educated on how companies are set up and their work plans, financial and strategies are prepared.

The bootcamp, which will last for ten days, will include lectures, training programs, 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.

Nawaf Al Sahhaf, Chief Executive Officer of Badir Technology Incubators and Accelerators Program, said: "Recognizing 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.”

He added: "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 programs to help them succeed in the early stages of incorporation.”