Riyadh: The Ministry of Communications and Information Technology’s (MCIT) Center of Digital Entrepreneurship has launched a specialized incubator to support the growth of AI startups. This move strengthens the Kingdom’s standing as a regional innovation hub and solidifies AI’s role as a key driver for digital economic growth.
According to Saudi Press Agency, the program includes 20 AI startups, empowering innovators to turn ideas into viable tech solutions. Targeting technology enthusiasts, experts, and industry leaders, this four-month program offers a range of perks, including training, financial support from the National Technology Development Program (NTDP), mentorship, digital incentives, networking opportunities, and office spaces.
In collaboration with the Saudi Data and AI Authority (SDAIA), NTDP, the Saudi Company for Artificial Intelligence, SambaNova, and BIM Ventures, the program creates a nurturing environment for innovation and entrepreneurship.