SIDF Supports Industrial Entrepreneurs through Business Incubators Program

The Saudi Industrial Development Fund (SIDF) provides support to industrial entrepreneurs through the Industrial Business Incubators Program, in partnership with King Saud University (KSU) and the Prince Sultan bin Abdulaziz Development Fund.

Program Benefits:

-Providing the professional advisory to entrepreneurs in the stages of preparing their projects in the sectors of industry, mining, energy, and logistics, starting from the first establishment stages such as a feasibility study to obtaining training and workshops that support business development, guidance and legal, accounting, financing and marketing advice and engineering

The benefits include obtaining the necessary funding, to ensure the launch of their projects on sound foundations.

The program includes other advantages, such as linking the owners of these projects with a network of investors to fulfill the condition of solvency and obtain financing, as the Industrial Fund set conditions for joining the program represented in the applicant being a Saudi, that the project has economic feasibility, and that it falls within the scope of the sectors it finances.

The Industrial Fund clarified that the scope and benefits of this program are unified for the two partners, but the method used in presenting the program may differ, depending on the different policies and procedures of each partner, as joining the training camp offered through the incubator of the Prince Sultan Development Fund “Bayader” will be present in their location.

In the Eastern Province (for a period of two weeks), as for the camp provided by the incubator of King Saud University “Khota”, its attendance will be virtual via the Zoom platform.