Technology Development Financing Initiative
GROW YOUR TECH BUSINESS
The initiative enables technology startups and SMEs to achieve growth by providing a guarantee of up to SR15 million to financing provided from the involved banks and financing entities
Beneficiaries: Technology Companies
Startups
With a registration certificate from "Manassa Tech"
Small and medium-sized companies
With a registration certificate from "Manassa Tech"
Initiative Goals
Enable growth and development of technology companies
Enhance financing entities capacity to finance technology companies
Initiative main features
The initiative is open to companies which Commercial Registration (CR) includes technology-related activities as defined by the ISIC4 (The National Classification for the Economic Activities), and that hold a valid registration certificate from the "Manassa Tech" as well as the performance card for local content
Guarantee on a financing from one of the participating banks or financing entities
In partnership with Kafalah Program
Guarantee for financing with a range of SR100,000 - 15 Million
Guarantee on up to 90% of the financed amount
Financing is requested directly from the participating banks, financing entities, or through the "Tamweel Portal" from Monsha'at
“Apply Now” above will take you to “Tamweel Portal” from Monsha’at. The beneficiary can alternatively apply directly through local participating banks and financing entities or use their electronic services
Initative Benefits
Up to SR15 Million guarantee on growth financing
Encourage risk-taking and ambitious planning for business growth
Beneficiary journey
The company submits a request to one of the participating banks or financing entities, or through the "Tamweel Portal" from Monsha'at
The bank or financing entity and Kafalah program review the request
After the approval, the company receives the funds from the bank or the financing entity with the guarantee from Kafalah program and NTDP
The bank or financing entity monitors the performance
“Apply Now” above will take you to “Tamweel Portal” from Monsha’at.
The beneficiary can alternatively apply directly through local participating banks and financing entities or use their electronic services