The business incubator is an integrated platform that aims to support entrepreneurs and startup owners during the early stages of establishing their projects. The incubator provides a range of comprehensive services that include logistical support such as providing shared workspaces equipped with the latest technologies, in addition to financial facilities such as soft loans and financing support to ease the financial burden on new projects. The incubator also works to develop innovative marketing strategies that help startups reach their target audience and increase their chances of success in the market. In addition, the incubator provides human resources guidance and management services, which helps in building strong and effective work teams capable of achieving the desired goals. The business incubator also plays an important role in solving administrative problems and organizing the internal operations of projects, which contributes to raising operational efficiency and productivity. Through its continuous support, business incubators contribute to enhancing the contribution of small and medium enterprises to the gross domestic product, creating new job opportunities, and reducing unemployment rates, making them one of the most important tools for sustainable economic development.
The business incubator is one of the vital projects that aim to provide comprehensive support to entrepreneurs and startups, which contributes to achieving sustainability and growth for small and medium enterprises. The incubator is distinguished by its ability to build strong relationships with government agencies, which contributes to facilitating procedures and providing an environment conducive to the success of projects. The incubator also provides various services including logistical support, professional guidance, and practical training, in addition to financing facilities that allow startups to launch steadily in the market. The business incubator has a distinct vital location that makes it accessible to everyone, in addition to its ability to build strategic partnerships with investors and financial institutions, which provides additional support to entrepreneurs. It is also distinguished by the diversity of its sources of income, which ensures its continuity and flexibility in the face of economic challenges. Moreover, the incubator contributes to opening new markets for startups, which enhances their opportunities for expansion and growth. Thanks to this diversity and distinction, the business incubator is a strategic choice for anyone looking for comprehensive and integrated support, and a profitable investment opportunity with sustainable growth potential.
Executive Summary
Study of project services/products
Market Size Study
Risk study
Technical study
Financial study
Organizational and administrative study
The number of internet users in the Kingdom increased from 19.6 million to 24 million between 2014 and 2016, according to the Communications and Information Technology Commission report for 2016. E-commerce is witnessing significant growth as a result of the availability of appropriate payment methods, improved shipping methods, and the change in the culture of society in recent years for this trade due to the availability of social media and the spread of smartphones, which have become one of the effective channels for completing many purchasing operations. Data from the Saudi Payments Network showed that 2015 witnessed the recording of more than 1.1 billion financial transactions with a total value exceeding 626.3 billion riyals, with an average monthly transaction exceeding 52 billion riyals, through more than 17 thousand ATMs and more than 225 thousand POS devices spread across the Kingdom, adding that last year recorded a steady growth in the number of POS devices at payment outlets by 62% compared to the previous year. The number of Internet users around the world reached 3.2 billion users, and the number of Internet users in the Arab world reached 157 million Internet users, and the number of Facebook users in Saudi Arabia is 11 million, of whom 3.2 million are expatriates, and the number of Twitter users in Saudi Arabia is 9 million users, and the number of Instagram users is 8.8 million users, as 60% of Internet users in Saudi Arabia buy online, and 40% of online purchases are focused on tours and accessories, and the percentage of shoppers reached 71% young people, and 29% women in the Kingdom
