Saudi Arabia Launches Second Phase of Sidra Accelerator to Boost Environmental Entrepreneurship
Initiative aligns with Saudi Vision 2030 and targets environmental technology startups.
Riyadh, Saudi Arabia: The Saudi Deputy Minister of Environment, Water and Agriculture, Mansour bin Hilal Al-Mushaiti, has announced the commencement of the second phase of the Sidra Accelerator initiative in Riyadh.
This program aims to cultivate an entrepreneurial ecosystem within Saudi Arabia's environmental sector, as part of the broader national strategy outlined in Saudi Vision 2030.The Sidra Accelerator stands out as a pioneering initiative within the region due to its focus on specific sectors and the inclusion of entrepreneurship systems in both Riyadh and Boston.
The accelerator seeks to promote strategic partnerships and support startups by facilitating their navigation through complex regulatory frameworks.As a 12-week intensive program, Sidra Accelerator targets companies specializing in environmental technology.
It offers development and scaling assistance by connecting these startups with an extensive network of local and international experts, providing access to global markets and fostering collaboration with leading venture capital firms.
The ultimate goal is to enable these companies to achieve global expansion.This initiative aligns with Saudi Arabia's efforts to diversify its economy and reduce reliance on oil revenue, a key objective of Vision 2030.
By fostering innovation in the environmental technology sector, the program aims to contribute to sustainable development and position Saudi Arabia as a leader in technological advancements related to the environment.
This program aims to cultivate an entrepreneurial ecosystem within Saudi Arabia's environmental sector, as part of the broader national strategy outlined in Saudi Vision 2030.The Sidra Accelerator stands out as a pioneering initiative within the region due to its focus on specific sectors and the inclusion of entrepreneurship systems in both Riyadh and Boston.
The accelerator seeks to promote strategic partnerships and support startups by facilitating their navigation through complex regulatory frameworks.As a 12-week intensive program, Sidra Accelerator targets companies specializing in environmental technology.
It offers development and scaling assistance by connecting these startups with an extensive network of local and international experts, providing access to global markets and fostering collaboration with leading venture capital firms.
The ultimate goal is to enable these companies to achieve global expansion.This initiative aligns with Saudi Arabia's efforts to diversify its economy and reduce reliance on oil revenue, a key objective of Vision 2030.
By fostering innovation in the environmental technology sector, the program aims to contribute to sustainable development and position Saudi Arabia as a leader in technological advancements related to the environment.
