Riyadh:The "10 From Saudi" program is connecting ten promising enterprises through a specialized international track aimed at accelerating their business growth and preparing them for expansion into European markets. This initiative begins at "Jada 30," an effort of the Social Development Bank (SDB), and progresses at the Incubateur HEC Paris at STATION F, renowned as one of the world's largest startup campuses.
According to Saudi Press Agency, the Saudi Investment Bank (SAIB) supports and sponsors the program, which is operated by SDB. It seeks to open new avenues for Saudi enterprises to integrate into global innovation and investment ecosystems, enhancing entrepreneurship beyond financing to include organizational development, investment readiness, and business networking.
Selected startups will gain from global expertise, develop strategic investor relationships, and explore global growth opportunities. The program specifically targets six technology sectors fintech, artificial intelligence and data, healthtech, climate tech, logistics tech, and gaming.
Enterprises are chosen based on the readiness of their business models, their teams' execution capabilities, and their potential for commercial expansion. These criteria help participants effectively utilize the program to advance towards entering international markets.
The international program at the Incubateur HEC Paris at STATION F includes workshops, advisory sessions, and meetings with investors, experts, and entrepreneurs. It offers opportunities to connect with companies and institutions within Europe's innovation ecosystem, aiming to bolster businesses, enhance competitiveness, and build commercial and investment partnerships for long-term growth.
"10 From Saudi" illustrates collaboration between the development finance and banking sectors to support the entrepreneurial economy. It expands opportunities for Saudi startups and fortifies their global market links, aligning with Saudi Vision 2030's goals of economic diversification and the development of promising sectors.
