New program backs 20 AI startups in Saudi Arabia
RIYADH: The Ministry of Communications and Information Technology has launched a specialized incubator to support the growth of artificial intelligence startups, the Saudi Press Agency reported on Wednesday.
This initiative by the ministry's Center of Digital Entrepreneurship strengthens the Kingdom's position as a regional innovation hub and reinforces AI's role as a key driver of digital economic growth.
The program includes 20 AI startups, empowering innovators to turn ideas into viable tech solutions, according to SPA.
The four-month program targets tech enthusiasts, experts, and industry leaders.
It offers training, financial support from the National Technology Development Program, mentorship, digital incentives, networking opportunities, and office space.
In collaboration with the Saudi Data and AI Authority, the Saudi Company for Artificial Intelligence, SambaNova, and BIM Ventures, the program fosters a supportive environment for innovation and entrepreneurship.
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