20 innovative Saudi startups graduate from Badir Program's accelerator
A graduation ceremony was organised by King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and Accelerator, to introduce 20 technological innovations produced at the second inventions transfer accelerator.
The aim of the accelerator program is to speed up the patenting process required by a variety of innovative services to ensure that a rapid implementation, development and marketing of the product/services could be achieved. The products/services were expected to be market ready within 6 months.
Dr. Fawzan Al-Fawzan, Deputy General Supervisor for Innovation and Manufacturing at KACST, Esam Al-Thukair, Vice Governor of Entrepreneurship Advancement at the General Authority for Small and Medium Enterprises (Monshaat) and Mohammed Al-Huzaimi, Director of Shared Services at Badir were all attending the graduation ceremony hosted by the Badir Programme.
A feature documentary was shown at the start of the ceremony, briefing the audience about the second chapter of the accelerator. It was followed by a detailed presentation on the intensive nature of the six-month long programme, which started with an orientation round and concluded with the final presentations by the graduating startups.
46 applicants registered for the second round of the accelerator. The admissions were directly supervised by KACST’s Intellectual Property Development and Investment Bureau. 26 of these candidates were given the green light for admissions to the training bootcamp that encompassed a six month long rapid product development cycle.
In his speech during the ceremony, Al-Huzaimi sounded optimistic about the program and expressed his satisfaction at the promising inventions submitted by the participants, which will be ready to be deployed into the technological landscape of the country. Al-Huzaimi also discussed the breakdown of the six-month programme which is divided into three phases including prototyping and testing, building the final products and an in-depth development of marketing and investment strategies.
He went on to note that the country regarded advancements in inventions and innovations as a top priority for the Kingdom’s Vision 2030. With respect to this, more accelerators will be launched in the future to ensure the speedy development of startups that are poised to disrupt the technical landscape of the region with top notch designs for state-of-the-art technologies.