KACST to re­ceive ap­pli­ca­tions for train­ing boot camp in Riyadh, Al-Qas­sim

Arab News - - CORPORATE PR -

King Ab­dul Aziz City for Science and Tech­nol­ogy (KACST), rep­re­sented by the Badir Pro­gram for Tech­nol­ogy In­cu­ba­tors and Ac­cel­er­a­tors, has an­nounced that it will start re­ceiv­ing ap­pli­ca­tions from can­di­dates for its train­ing boot camp, which will be held in Riyadh and Al-Qas­sim in mid-April.

The boot camp aims to ac­cel­er­ate the growth of star­tups, as­sist in at­tract­ing fund­ing, and de­velop a cul­ture of en­trepreneur­ship among youth.

The train­ing boot camp, which will last for five days in each re­gion, will in­clude lec­tures, train­ing pro­grams, work­shops and spe­cial ses­sions on top­ics re­lated to the cre­ation of new tech com­pa­nies, how to ef­fec­tively present ideas to in­vestors, fi­nance and busi­ness mod­els that in­clude ex­am­ples of lead­ing com­pa­nies at the re­gional level.

For a project to be suc­cess­ful, it should be able to present an ex­e­cutable so­lu­tion to prob­lems in so­ci­ety. The idea must be in­no­va­tive and unique and should meet the mar­ket de­mand. It should be sus­tain­able and scal­able, with great op­por­tu­nity for growth and ex­pan­sion.

Nawaf Al-Sah­haf, CEO of the Badir pro­gram, said that since its es­tab­lish­ment, the train­ing boot camp has been a plat­form to sup­port Saudi en­trepreneurs in es­tab­lish­ing new and in­no­va­tive tech com­pa­nies through the skills and tools they ac­quire in the camp. He said the fo­cus is on var­i­ous as­pects of the busi­ness world, in par­tic­u­lar the es­tab­lish­ment of In­for­ma­tion and com­mu­ni­ca­tion tech­nol­ogy com­pa­nies.

Par­tic­i­pants will be guided and ed­u­cated on how com­pa­nies are cre­ated and their fi­nan­cial af­fairs, as well as work plans, strate­gies and cre­at­ing the ap­pro­pri­ate team for new projects.

Al-Sah­haf said that suc­cess­ful projects will gain ac­cess to in­vest­ments in the early stages of the project. The Badir pro­gram will also help these projects ob­tain ad­di­tional in­vest­ments through a large net­work of lo­cal and re­gional in­vestors.

Nawaf Al-Sah­haf, CEO of the Badir pro­gram.

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