The Saudi Ministry of Energy, in a reflection of the Kingdom’s commitment to innovation, has launched a new program titled Your Energy Accelerator (مُسرِّعة طاقتك). The initiative, launched in partnership with the renowned startup district The Garage, is designed to support and scale startups working on cutting-edge solutions in the energy sector.
By the Numbers
- 3: Cohorts of startups will be supported over the next three years.
- 20: Startups will be selected for each cohort.
- 4: Key phases in the program, from selection to investment.
Program Overview and Mission
Your Energy Accelerator is a strategic initiative aimed at driving economic and environmental transformation in line with Saudi Vision 2030. The program will act as a comprehensive platform, bringing together government bodies, universities, research centers, and investors to create an integrated support system for energy startups. The model is built to provide technical guidance, connect entrepreneurs with funders, and offer pathways to pilot their ideas in the market.
A Focus on Key Energy Challenges
The accelerator will specifically target startups and innovative solutions that address the following areas:
- Enhancing energy consumption efficiency and reducing operational costs.
- Advancing clean energy and green technologies.
- Strengthening energy security and supply chain reliability.
- Developing technologies for emissions management and enhancing local content.
Who Should Apply?
This opportunity is designed for:
- Early-stage startups working on innovative solutions in the energy sector.
- Entrepreneurs with projects related to the key focus areas mentioned above.
About the Partners
- Saudi Ministry of Energy: The key government body responsible for overseeing and developing the energy sector in the Kingdom of Saudi Arabia.
- The Garage: A major innovation district and startup hub in Riyadh that provides a complete ecosystem for local and international startups.
Looking Ahead
Your Energy Accelerator is poised to become a cornerstone of Saudi Arabia’s innovation ecosystem. By fostering the growth of homegrown energy tech companies, the program will play a crucial role in creating high-quality jobs, driving economic diversification, and cementing the Kingdom’s position as a regional hub for emerging energy technologies.
Source: Solarabic
