BOOST initiative
About the initiative
The Boost Initiative empowers and supports tech entrepreneurs to build their experiences through incubating them with partner, to support them to establish their own company, In addition to reducing the financial risks of fully dedicating their time to entrepreneurial projects
We will provide the following:
Financial support during the establishment period of the entrepreneur for a period of one year, restricted to the maximum and minimum levels.
Enabling the entrepreneur to access departments related and enabling the development.
Training and consulting through experts in the field of technology.
To incubate the entreprenerus by partners and provide support
Supporting shared services by partners.
Individual sessions with experts.
Initiative goals
The initiative aims to develop the tech sector in the Kingdom through:
Empowering tech entrepreneurs to fully dedicate their time and focus on entrepreneurial projects through minimizing involved risks
Nurturing tech entrepreneurs with the knowledge and experience necessary to lead a winning startup
Increasing the number of tech entrepreneurs in the Kingdom
2 tracks and many partners for success
We made your path to meaningful success in the world of tech entrepreneurship easier than ever! A number of industry leaders have been selected to ensure the success of all entrepreneurs who choose to join the initiative
Both paths will ultimately grant entrepreneurs access to NTDP's post-program support upon successfully completing their tracks' requirements in which networking opportunities with companies will provide them with meaningful steps to take after their TES journey comes to an end.
Entrepreneur in Residence
For eligible entrepreneurs looking for a 3-months long enriching experience with access to personalized coaching and mentorship and a number of partner-specific offerings and services in support of developing their product afterwards, entreprenerus will have 9 months to apply their learnings and proceed in develping with extra coaching sessions from their partners and NTDP upon request.
Incubation
For eligible entrepreneurs looking for a comprehensive 4 to 6-month long experience in which they will receive mentorship, coaching, and access to experts and networking opportunities. From interactive workshops to physical working spaces. Afterwards, entrepreneurs will have 6 to 8 months to apply their learnings and proceed in develping with extra coaching sessions from their partners and NTDP upon request.
Consultation track - Individual
Depends on the entrepreneur who have a sufficient experience and knowledge and got an investment round in his company.
The entrepreneur obtains:
- Consultation sessions with specialized consultants in all fields
- Monthly financial support for one year
All companies, incubators or acceletors interested to join the initiative, can contact us here
Application Terms
The applicant must be a Saudi, the owner of the company or the partner or both
Experience of at least one year or has got a VC fund investment
Full time commitment after acceptance by the partners and to work at the partner's headquarters.
The entrepreneur must have a start-up company in the field of information technology registered on (Manasah-Tech Platform).
Fulfill all the conditions and requirements by the program's partners
The entrepreneur has finished (MVP stage)
The presence of the entrepreneur in the partner city
Financial support
Financial support up to
Minumum of 7,000SR
Maximum of 13,500
Riyals per month
Financial support for 12 months