The Business Incubators and Accelerators Company (BIAC), a subsidiary of Saudi Technology Development and Investment Company (TAQNIA), wholly-owned by the Public Investment Fund (PIF), has joined forces with VentureSouq (VSQ), a pan-regional investment platform, to launch a new investment services vertical within BIAC that is designed to bridge the funding gaps of promising startups in Saudi Arabia.

As a leading Saudi company specialized in the establishment, operation, and management of business incubators and accelerators; BIAC will play a new active role in catalyzing the entrepreneurial Saudi ecosystem through direct investments in high growth Saudi tech startups and will help to bring other investors into funding rounds.