inspireU
inspireU is your place to achieve your dreams.. if you are a hardworking entrepreneur and you have a solution that you are looking to develop then we welcome you to take part in inspireU program.
we offer
access to an office space
logistic support, such as; facilitating work visas, a business license, and software needs, among many more
mentorship and hands-on training, allowing you to learn from leading experts in the region
Seed Grant
access to a wide range of investors that will financially support you on your journey
access to stc infrastructure and user base in order to test /improve and scale your digital product
international & Local exposure
customized curriculum to enrich your knowledge in building state of the art digital products and global companies
application
start by filling the application form available on this website. Consider your application as a key step to share with us your Service/Product in a structured approach and gain our initial interest.
- Only completed forms will be considered.
selection
- based on pre-determined selection criteria, the Top 50 applications will proceed to the next stage.
- we will interview each of the 50 startups who have moved to the next stage. In this interview, you will have to present your project to a panel of judges.
- an evaluation based on pre-determined criteria of the interviews will shorten the list of applicants from 50 to 20. The Top 20 teams will be invited to our two-day bootcamp event.
bootcamp
this two-day event will help you structure your idea from both a business and technical perspective through a set of workshops. The first day workshop, conducted by highly skilled mentors, to add value to your idea and prepare you for the final pitch. The second day will focus on all teams pitching their ideas in front of a panel of judges and answering questions and inquiries. Winners will be announced after the pitching.
program start
right after the bootcamp, InspireU will initiate the onboarding activities with the winners to help them relocate, sign the agreement and be ready to embark in a 6 months program.
explore more about inspireU
what is our role in supporting the economy?
1.
what is inspireU?
inspireU is the first corporate incubator /accelerator in the kingdom for start-ups focused on ICT / digital innovation to support, enable, and empower entrepreneurship & digital innovation in the Kingdom of Saudi Arabia
2.
what is inspireU role in supporting the economy?
- building a strong entrepreneurial ecosystem.
- a catalyst for economic growth, innovation and job creation
- potential integration with stc's group
- A key driver of the Kingdom of Saudi Arabia's thriving economy
- contributes to Vision 2030 by supporting GDP-boosting startups and accelerating economic transformation
3.
what is the duration of inspireU incubation period?
6 months
4.
when can I apply?
we are announcing that through our social media channels, as our application is open once a year.
5.
how can I apply?
through our website
6.
who can apply?
entrepreneurs who have digital startups can apply to our program in the Pre-Seed and Seed stages ( inspireU general track only )
7.
is the funding expected to be returned at any given time?
the seed grant is not refundable.
8.
do I have to move to the location during the incubation period?
yes, your presence is mandatory during the incubation period at the location of inspireU space (Riyadh, Saudi Arabia).
*please note that you must attend only during the workshops.
*if special circumstances the workshops will be taken online.
9.
does the inspireU provide accommodation?
no.
10.
does inspireU take equity?
inspireU will not take equity from the startups. However, we have the first right of refusal.
*you have to disclose this with your dedicated Relationship Manger
11.
is having a team required?
we accept startups that are managed by one founder, but having a well-structured team is a benefit.
12.
who are inspireU partners?
you can find our partners our partners
13.
for more information.
do not hesitate to contact us:
inspireu@stc.com.sa
