Industrial Incubator Program

The headquarters of the Prince Sultan bin Abdulaziz Development Fund.

Introduction:

 The Industrial Incubator Program, presented in cooperation with the Saudi Industrial Development Fund (SIDF), aims to improve the growth index of local industries. Designed in line with the “Made in Saudi Arabia” initiative by the National Industrial Development and Logistics Program within the Kingdom’s Vision 2030, the program mainly provides the necessary technical support for local industrial start-ups through comprehensive training and investor-matching.

Program Benefits:

• Providing professional advisory in the initial stages of the project and development of the feasibility study.

• Delivering extensive training that supports project development.

• Offering guidance and consultancy services in legal, financial, logistical, and industrial areas of the project.

• Connecting start-ups to a network of investors in order to meet SIDF financial solvency condition and obtain funding.

• Securing acceptance of the investor’s application for SIDF funding without providing proof of financial solvency, on the condition of meeting this criterion after the loan is successfully granted. 

Program Requirements:

• Saudi Arabian nationality for applicants.

• Economic feasibility of the project.

• The project must be under sectors financed by SIDF (Industry, Energy, Mining, or Logistics)

• Residency in the Eastern Province during the training program (two weeks).

• Investment fee payment (500 SAR per applicant) for accepted projects.

Register Here