Entrepreneurship Institute aims to be a fundamental component and a key supporter of the national economy, particularly in the field of knowledge-based products. It seeks to achieve this by building a comprehensive ecosystem for innovation and entrepreneurship that serves innovators, entrepreneurs, scientists, and researchers both within and outside King Saud University. The institute also strives to enhance knowledge exchange locally and globally while fostering collaboration and integration with various commercial and industrial sectors in the fields of innovation and entrepreneurship. The institute consists of three main centers that work in harmony to provide comprehensive support to innovators and entrepreneurs.
Incubation:
Wa’ed established its own business incubator, StartUp Lab, to provide incubation support for early-stage businesses. StartUp Lab is a space designed to house startup companies and provide them with a range of services such as training and mentorship in addition to office space and amenities.
Training:
Wa’ed offers workshops in several disciplines designed to provide the know-how and necessary skill-set sought out by early stage startups, entrepreneurs, and those with potential ideas. These workshops include Business Plan formulation, Pitching, Ideation, and Business Model Canvas.
Funding:
Funding offerings include debt funding in the form of non-collateral loans, venture capital funding offering minority equity partnerships, and non-repayable micro-funding “Seed Fund” for incubated startups. Whether you’re an established business owner seeking to expand or an aspiring entrepreneur seeking to grow, at Wa’ed you’ll find a funding program catered to your business
Thakaa Center is a state-of-the-art facility that aims to contribute to one of the Kingdom’s goals of supporting SMEs and entrepreneurs in order to increase their contribution to GDP. We achieve such objective through unlocking the potential of Data Science and Artificial Intelligence to support entrepreneurs build cutting edge prototypes and SMEs become more data-driven. Thakaa Center is managed and operated by Mozn
The fund was established in 2008 as a non-profit developmental organization dedicated to fostering community development and elevating it to the highest levels of performance. Recognizing the community as the cornerstone of societal progress, the fund has continuously strived to understand its needs and harness its potential to empower individuals to achieve excellence and success.
Since its inception, the fund has focused on enabling, developing, and raising awareness among various community groups, with a particular emphasis on empowering Saudi women and enhancing their entrepreneurial skills. Over more than twelve years of dedication and impact, the fund has expanded its objectives to invest in both men and women, driven by its commitment to serving the nation and its sectors. This expansion aligns with the goals of the National Transformation Program 2020 and contributes to the realization of Saudi Vision 2030.
