This affirmation was strengthened during the meeting that took place at Badir’s headquarter in Riyadh between Eng. Jamal Samih Al-Nabulsi the Executive Director of Wa’ed and Mr. Nawaf Al-Sahhaf, Executive Director of Badir, in addition to a number of senior officials.
The meeting discussions focused on ways to strengthen the cooperation between both programmes in order to stimulate innovation and encourage entrepreneurs to create promising technologies that would accelerate the growth of this sector in Saudi Arabia and accordingly provide employment opportunities for the youth.
As a result, both Badir and Wa’ed arranged to hold a workshop on the 26th of Rajab in Dhahran to discuss the development of a specialized incubator for advanced manufacturing in the Eastern region of Saudi Arabia. This new incubator will encompass the newest equipment for prototype manufacturing to help Saudi inventors and entrepreneurs better design and improve their products. Consequently, the success of this incubator will result in the establishment of similar incubators in other regions of the Kingdom.
Wa’ed’s delegation was informed of the efforts and endeavors made by Badir to support the technology incubators industry, nurture entrepreneurships and facilitate various opportunities for Saudi nationals to transform their concepts into successful commercial projects.
Additionally, the delegation visited a number of entrepreneurs sponsored by Badir who presented detailed demonstrations of their unique projects. Consequently, Wa’ed expressed its enthusiasm to sponsor Badir’s entrepreneurs through funding programme .
Badir programme for Technology Incubator, which was launched in 2008, is considered to be a national programme that aims to promote and develop technology incubators. It is a national programme aimed at accelerating the growth of technology based businesses in the Kingdom. It promotes technological entrepreneurship and helps Saudis transform their technological projects into successful and viable businesses.
Wa’ed similarly is one of the most prominent initiatives by Saudi Aramco. It was launched to support the national economy by providing funding to local entrepreneurs in order to transform their ideas into successful businesses that would in return contribute towards boosting and diversifying the economy and hence creating employment opportunities for the Saudi youth.
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