Description of the core change(s) brought by this policy instrument
The word ‘Badir’ means ‘to initiate’. Badir is a national program aimed at accelerating the growth of emerging technology based businesses in Saudi Arabia. Badir Program includes 8 incubators in 7 regions.
BADIR vigorously strives to advance, promote and support technology innovation and entrepreneurship across Saudi Arabia through comprehensive national programs and strategic policy initiatives supporting entrepreneurship in cooperation with governmental entities, private sector, and universities. Activities include:
- Awareness campaigns for technology entrepreneurship.
- Training programs to develop the entrepreneurial skills.
- Entrepreneurial skills development programs for researchers.
- Entrepreneur resident program.
- Programs for developing skills and building capabilities of the personnel working in areas related to technology entrepreneurship.
- National network of technology entrepreneurs to build communication, share data and the exchange information.
- Linking entrepreneurs to related networks and professional organizations.
- A network for specialized guidance.
Please list the implementing agencies
Abstract summary of this Policy resource
Stated goal/metrics of the policy instrument
- Create awareness of technology entrepreneurship and encourage a culture of self-employment and technology marketing throughout the Kingdom.
- Contribute to the promotion of efforts to develop a national policy for technology entrepreneurship in the Kingdom.
- Coordinate and cooperate with various government and private agencies for the development of technology entrepreneurship in the Kingdom.
- Prepare a distinct generation of pioneers and technology entrepreneurs in the Kingdom.
- Build capacities and the preparation of specialized professional competencies in the areas of knowledge based economies.
- Build and maintain relationships with universities and international entities covering a wide experience in technology entrepreneurship.
Evidence of results
When the Badir Program incubates a technological startup company, it facilitates funding by providing a platform by connecting investors and entrepreneurs through its annually-held “Projects Presentation Day” program.
In 2019, technology startups incubated by the Badir Program for Technology Incubators and Accelerators raised a record SR 236 million ($62.93 million) led by venture capital firms, individual investors, private companies, and governmental institutions.
The total funding for startups increased to SR 508 million ($135.47 million) from 2010 until the end of December 2019 across 184 deals, according to a statistical report compiled by the Business Incubators and Accelerators Company (BIAC).
The number of startups incubated in the Badir Program rose to 655 companies since its 2007 inception until the end of the third quarter of 2019.
Read more about 2019 impact, here.