ANAM ZAHRA
Entrepreneurship is a key part of Vision 2030, making Saudi Arabia one of the most exciting places in the world to start a business. Both the government and private sector are investing heavily to create opportunities for startups across every industry, and incubators and accelerators are at the heart of this effort.
If you have ever thought about launching a technology based business, understanding what these programs are, and how they can help you should be your first step toward making it happen.
What is an Incubator?
If you are still refining your product or service, an incubator gives you the time, resources, and guidance to develop your idea.
Incubators help you gain business knowledge, test your idea, and connect you with mentors before you commit significant time or money.
The goal at the end of an incubator is to have a clear, validated business concept.
Tip: You should never pay to join an incubator.
What is an Accelerator?
Accelerators are for startups with market-proven ideas that are ready to grow quickly.
Accelerators offer targeted workshops, more individualized mentorship, and connect you with investors. Most accelerators often provide funding in exchange for equity (a percentage) of your business.
The goal at the end of an accelerator is to be investor-ready and prepared for rapid growth.
Tip: If you already have paying customers or a product in the market, you probably don’t need an incubator and can go straight to an accelerator.
Why Join? The Benefits
Saudi incubators and accelerators offer much more than funding. The right program can:
- Help you fine-tune your pitch and business model with actionable feedback
- Put you in front of mentors who’ve built businesses themselves and know the shortcuts
- Open doors to new markets through government or corporate relationships
- Get you on stage at big events and Demo Days, providing your business more visibility
- Introduce you to a network of other entrepreneurs that can open doors to partnerships, hires, and future investors
Ali’s Story
When I think about the impact of Saudi’s incubators and accelerators, Ali AlAsiri’s journey stands out. For years, he worked alone, starting and restarting the same project. Through programs like MCIT’s Saudi Game Champions, where he was immersed in workshops and mentorship, Ali transformed his persistence into a company.
Within months, he secured more than 1 million SAR in committed capital, with additional discussions underway with major investors. What began as a solo effort has grown into a funded team of seven.
Ali’s story reflects the larger role Saudi is now playing. With the right platforms, the Kingdom is not only nurturing individual founders but also helping individuals change their hobbies into companies.
How to Apply
While each program has its own process, most follow a similar pattern. To be successful, you should:
1. Research the Program
Read the official website carefully, note the eligibility criteria, and look for alumni stories to see if it’s a good fit.
2. Prepare Your Materials
Each program has its own requirements, but most programs usually require a short pitch deck covering problem, solution, market, traction, and team. Most importantly, they want to know why you are the right person to solve the problem you are addressing.
3. Complete the Application Form
Be clear, concise, and specific. Whenever you can, back up your points with real numbers or examples.
4. Interview or Pitch
If you make the shortlist, you’ll be asked to join an interview or pitch session. It’s your opportunity to share your vision and prove you can bring it to life.
How to Stand Out In Your Application
Show you’ve done your homework on the program and its mentors. Reach out to the program manager or program director on LinkedIn.
- Share early proof of traction. Mention any sign-ups, awards, media coverage, etc.
- Be able to explain your idea in 60 seconds or less using simple words. This is called “an elevator pitch”.
- Demonstrate strong commitment – programs want founders who will treat it as a full-time focus.
Glossary for New Founders
- MVP (Minimum Viable Product) – The simplest version of your product you can release to test your idea.
- Traction – Proof that people want your product. Examples are sales, sign-ups, or partnerships.
- Equity – Ownership percentage in your company, often exchanged for investment.
- Pitch Deck – A short presentation about your startup for investors or selection panels.
- Demo Day – The final event where startups pitch to potential investors and partners.
Active Incubators and Accelerators in Saudi Arabia
Saudi Arabia’s startup scene is diverse, with programs for every stage and sector. Here are just a few examples:
Government and University-Led Programs
- CODE (Ministry of Communicators and Information Technology) – For early-stage digital founders in fintech, AI, and gaming. Offers structured mentorship and market access.
- MEWA (Ministry of Environment, Water, and Agriculture) – Supports startups in environmental, agricultural, and water-based solutions.
- General Entertainment Authority Accelerator – Focused on the entertainment sector, helping SMEs develop and scale.
- King Abdullah University of Science and Technology (KAUST) TAQADAM – A global accelerator offering funding at any stage and sector, powered by KAUST and SABB.
Private and International Programs
- Misk Accelerator – A no-equity program for early-stage startups with MVPs.
- Techstars Riyadh – Part of the world’s largest accelerator network, ideal for founders aiming for global markets. Offers 220,000 USD in investment.
- Sanabil Accelerator by 500 Global – For pre-seed and seed startups, across all sectors. Offers 100,000 + USD in investment.
- Exel Gaming Accelerator – Supports gaming studios with mentorship, publishing guidance, and market access. Offers 150,000 USD in investment.
Tips for Aspiring Founders
- Choose carefully – Not every program is right for your stage of business or your sector. Research and connect with previous participants before submitting your application.
- Treat it like a full-time job – The most successful founders in programs treat the program as their main focus for the duration, by attending every workshop, networking event, and pitch practice. If you’re always present, you’ll always be top of mind for opportunities.
- Leverage mentors – Book one-on-one meetings with mentors, stay in touch after the program ends, and ask for introductions to investors, clients, or media contacts. Always be very specific with your needs.
The Bottom Line
Incubators and accelerators in Saudi Arabia can be the launchpad you need if you don’t know where to start or how to keep growing. They open doors, provide funding, and surround you with the right people.
If you have a business dream and are looking for support, now is the time to take the first step.
