BRIDGE Initiative

INITIATIVE

The initiative aims to support high growth startups/companies to grow their business globally, by providing multiple financial subsidies to help them expand their business to the global markets.

TARGETED SEGMENTS

High Growth Tech Startups/Companies

INITIATIVE GOALS

Supporting high growth startups/companies to expand globally

Increase the exporters capabilities and readiness of high growth startups/companies

Unlock opportunities and offer access to global markets

INITIATIVE OFFERING

Subject Matter Expert Subsidies Support

Commercial Presence Subsidies Support

M&A Subsidies Support

Marketing Activities Subsidies Support

IP Commercialization Subsidies Support

Inventions Testing Subsidies Support

INITIATIVE Criteria

Saudi registered company (Saudi CR)

Company with high growth & product market fit.

Company with +100M SAR revenue with 20% CAGR over the last 3 years

Tech company registered in “ManassaTech” or according to “ISIC4” classification.

Must be in expansion stage and submit a clear “Expansion and Product Exporting Plan”

INITIATIVE ADVANTAGES

Providing financial support to high growth startups/companies for global expansion

Providing financial support to contribute to the development of products to be exported globally

Apply To Initiative

The registration to apply for the first cohort has ended now.

We will open soon registration for the second cohort

INITIATIVE PARTNERS

FAQ

Who is eligible to apply for the Initiative?

The initiative is suitable for to high growth startups/companies with product market fit. The company should have a clear plan to expand its business by exporting its tech services or products outside the Kingdom.

What is the definition of “Export”?

Export is defined as the value of all products and services supplied or sold outside Saudi Arabia.

What does " M&A Support" refer to?

Provide support on Mergers and Acquisitions on the targeted market by subsidize the cost of advisory/consultant for M&A transition process.

Are the financial incentives delivered in one payment?

No, to ensure that project progress is of a high quality, financial incentives are not delivered in one payment, but in batches according to the project plan. In addition, these incentives are provided after completing the required milestone.

What does "Subject Matter Expert Subsidies Support" refer to?

Subsidize the cost of obtain expert support with sector-specific knowledge and technical know-how to better inform beneficiary decisions and product development according to the need of the targeted market.

Does the subsidy cover all costs needed for expansion?

The initiative will cover 70% of the expansion cost, and there is a cap for each service.