The National Cybersecurity Authority (NCA) of Saudi Arabia has announced the launch of a comprehensive package of initiatives under its new “Cybersecurity Entrepreneurship Program.” The program is designed to significantly enhance the Kingdom’s startup ecosystem, empower the growth of new companies in the sector, and stimulate specialized investment in the cybersecurity domain.
This strategic move aligns with the NCA’s goals to develop the local cybersecurity sector and increase the contribution of local content, positioning Saudi Arabia as a leader in the field.
A Multi-Faceted Approach to Ecosystem Growth
The program rolls out four key initiatives targeting different stages of the entrepreneurial journey: the Cybersecurity Startup Hackathon, Cybersecurity Startup Growth Expansion, the Cybersecurity Accelerator, and Cyber Innovation.
Together, these initiatives aim to create a competitive and attractive environment for investment. They will provide crucial growth and expansion opportunities for entrepreneurs by supporting the establishment of new national companies and empowering promising local cybersecurity firms as key pillars of economic diversification and sustainability.
Fostering Local Innovation and Investment
The NCA stated that the initiatives are focused on accelerating the growth of cybersecurity startups by offering comprehensive support, including guidance and mentorship for market expansion. This framework is intended to catalyze the domestic cybersecurity industry and drive the Kingdom’s economic growth through targeted investment.
The program’s comprehensive and sustainable design supports entrepreneurs throughout their entire lifecycle—from transforming creative ideas into successful investment projects to securing funding and navigating policy and governance frameworks necessary for long-term growth.
About The Cybersecurity Entrepreneurship Program
The Cybersecurity Entrepreneurship Program is a strategic initiative by Saudi Arabia’s National Cybersecurity Authority. Its mission is to build a robust and sustainable ecosystem for cybersecurity startups in the Kingdom. The program provides a structured pathway for entrepreneurs, covering the entire journey from ideation and development to funding and market expansion, ultimately aiming to enhance national cybersecurity and create diverse economic opportunities.
Source: Sabq
