RIYADH: Saudi Deputy Minister of Environment, Water and Agriculture Mansour bin Hilal Al-Mushaiti has launched the second phase of the Sidra Accelerator initiative in Riyadh, SPA reports.
The initiative is designed to foster an entrepreneurial ecosystem in Saudi Arabia’s environmental sector in line with the Saudi Vision 2030.
The Sidra Accelerator is the first initiative of its kind in the region in terms of its targeted sectors and the locations of its selected entrepreneurship systems in Riyadh and Boston, SPA reports.
The accelerator focuses on promoting collaboration and strategic partnerships. It also supports startup companies in navigating complex regulatory frameworks.
The Sidra Accelerator is a 12-week intensive program targeting startup companies in the environmental technology field, the ministry said.
It supports their development and scaling by connecting them to a wide network of local and international experts, providing access to global systems and markets, and facilitating cooperation with leading venture capital firms. Ultimately, the program will help them expand globally, the ministry said.
