Saudi Space Commission announces launch of Saudi Space Accelerator Program
Saudi Space Commission announces the launch of its Saudi Space Accelerator Program in line with the Kingdom's vision of becoming a global hub of innovation by 2030. The program seeks to enhance the national Space sector through the development of its infrastructure and enabling local entrepreneurs and businesses to advance innovative Space solutions.
The Program addresses the current state in the Kingdom's Space sector and proposes proactive Space solutions. Through the implementation of this program, the commission will ignite the local ecosystem and determine its maturity level, and to ensure that the sector remains viable for years to come, by providing an established business environment for growth and innovation for entrepreneurs to thrive in – overall improving the effectiveness of the commission's future programs and initiatives over the long-run.
The Saudi Space Accelerator Program is being supported by a greater initiative; The future Office for Entrepreneurship Development, that seeks to establish a new business unit within the commission dedicated to enabling the entrepreneurial space scene in the Kingdom. It aims to assess the current state of the sector, adopt best global practices, and develop a roadmap for local businesses. As for the Saudi Space Accelerator Program, it focuses on providing support to both local and international startups, which will enhance the promising and emerging space sector in the Kingdom. Participating entrepreneurs and startups will be supported in aligning their projects with internationally recognized best practices to achieve the Kingdom's 2030 goals.
By partnering with Techstars, the Saudi Space Commission is launching its first cohort in January 2023 to kickstart this new momentum. Through this first cohort the commission can access a niche market focused on space-related technologies, including drones, avionics, advanced structures, geospatial analytics, and a host of other technologies that contribute to the space industry development.
Aspiring entrepreneurs, both international and local, who are interested in developing their innovative solutions in the space sector are encouraged to apply for the first cohort of the Saudi Space Accelerator Program before the 12th of December. Qualified startups who meet the criteria will receive numerous benefits, including support from the commission, access to investors, financial support of up to 60,000 SAR for each startup, specialized training from international experts, networking opportunities, and one-on-one mentorship.
Apply here now: https://accelerator.saudispace.gov.sa/
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
WEQUAL31.1.2023 07:02:37 CET | Press release
WeQual Awards, EMEA 2023, Recognise Eight Pioneering Women Leaders
VALBIOTIS30.1.2023 17:41:35 CET | Press release
Valbiotis Announces Positive Results in the Bioavailability and Mode of Action TOTUM•854 Clinical Study, Against High Blood Pressure
PA-BOOMI30.1.2023 17:29:40 CET | Press release
Boomi Named a Leader for Ninth Consecutive Time in Gartner® Magic Quadrant™ for Integration Platform as a Service, Worldwide
ASPEN-INSURANCE-HOLDINGS30.1.2023 16:17:37 CET | Press release
Aspen Appoints Mike Duffy To U.K. Boards
TX-PLANVIEW30.1.2023 15:01:41 CET | Press release
Planview Continues Acceleration with Record Revenue in FY’22
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom