Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) has launched a specialized incubator within its Center of Digital Entrepreneurship aimed at supporting the growth of AI startups. This initiative enhances the Kingdom’s position as a regional innovation hub and highlights the critical role that artificial intelligence plays in driving digital economic growth.

The incubator will support 20 AI startups, empowering innovators to turn their ideas into viable tech solutions. The four-month program targets technology enthusiasts, experts, and industry leaders, providing a range of benefits such as training, financial support from the National Technology Development Program (NTDP), mentorship, digital incentives, networking opportunities, and office spaces.

In partnership with the Saudi Data and AI Authority (SDAIA), NTDP, the Saudi Company for Artificial Intelligence, SambaNova, and BIM Ventures, the program aims to nurture an environment conducive to innovation and entrepreneurship.

In 2024, Saudi Arabia made significant advancements in promoting innovation and entrepreneurship by launching several AI incubators to support startups in the artificial intelligence sector. A notable announcement included a $1 billion investment into a regional AI startup accelerator, which was revealed on the first day of the Leap 2024 conference. This effort is part of the government’s broader strategy to establish the Kingdom as a leader in AI innovation.

Additionally, SparkLabs Group introduced the AIM-X accelerator, which is part of the national AI.M (Artificial Intelligence Mission) initiative. This program specifically targets early-stage AI startups and offers a $200,000 investment in exchange for equity, aiming to stimulate a comprehensive ecosystem of AI innovation within Saudi Arabia.