King Abdullah University of Science and Technology (KAUST) has partnered with INSKIP to launch the ScaleX Fast-Track Program, an initiative designed to help established global technology startups enter and expand within Saudi Arabia. The program aims to serve as a soft-landing pad for international companies looking to tap into one of the region’s most rapidly growing markets.
Quick Facts
- Program: A soft-landing initiative for global tech startups.
- Target: Companies at Series B funding stage or equivalent.
- Goal: Fast-track market entry and scaling within Saudi Arabia.
A Gateway to the Kingdom’s Innovation Hub
The ScaleX program is positioned to connect international innovation with Saudi Arabia’s Vision 2030 goals. It offers startups a direct route into a market backed by significant government investment in technology and research. Saudi Arabia’s digital economy currently accounts for 14% of its GDP, with over $1 billion committed to innovation and research initiatives.
Through the program, selected companies gain strategic support to navigate local regulations and business culture, along with access to a network of key government and corporate partners.
What ScaleX Offers Beyond Market Entry
The collaboration provides more than just guidance. Participating startups will have opportunities for pilot programs to validate their solutions with local demand partners.
The program also leverages KAUST’s extensive resources, including its state-of-the-art labs, consultations with faculty, and access to a deep engineering talent pool. To ease the transition, ScaleX provides logistical coverage for up to two senior representatives from each participating startup.
Who Is Eligible for the Fast-Track Program?
The ScaleX program is targeting mature, high-growth companies ready for commercial deployment. Key eligibility requirements include:
- Funding: Must have reached Series B funding or an equivalent stage.
- Maturity: The business must be established for at least two years with a scalable model.
- Expansion Focus: Applicants should not have an existing headquarters in Saudi Arabia but must show a demonstrated interest in regional expansion.
- Sector Fit: The company must align with one of the target sectors, which include Artificial Intelligence (AI), AgriTech, HealthTech, Cybersecurity, Renewable Energy, and Robotics.
About KAUST ScaleX
Powered by King Abdullah University of Science and Technology, KAUST ScaleX is a soft-landing program providing specialized support for innovative tech startups from around the globe. The program offers strategic support, access to state-of-the-art infrastructure, and exclusive networking opportunities with Saudi Arabia’s leading government and corporate partners to help companies incorporate, expand, and build impactful partnerships.
Source: INSKIP
