Saudi Data and Artificial Intelligence Authority (SDAIA) has started its new data and AI accelerator program for startups operating in Saudi Arabia. SDAIA is now accepting applications for its new initiative that will provide a three-month-long intensive training program to the selected startups in Riyadh.
The new program will focus on the development of smart cities and will strengthen the entrepreneurship ecosystem of the country. This development is a step forward towards the country’s goals of Saudi Vision 2030 as the program will considerably help Saudi to diversify its economy and boost the adoption rate of digital technologies.
The program will be conducted in three stages, which would include registrations, screening, selection process, and training. A total of ten startups will be selected who will receive specialized training, attend workshops, and also showcase their projects to potential investors to seek financial assistance.
President of SDAIA, Dr. Abdullah Alghamdi, said, “At SDAIA, we work to enhance the accelerators’ ecosystem in the Kingdom by targeting local and international startups in the field of Data and AI, we are determined to place the Kingdom at the forefront of data and AI enabling countries.”
He also encourages startups to participate in this program and develop groundbreaking artificial intelligence solutions that can be implemented in smart cities. With this AI accelerator program, Saudi Arabia wants to get among the top five contributing countries in the world in the field of artificial intelligence.
“The accelerator program is one of SDAIA’s initiatives in cooperation with Plug and Play, to accelerate startups growth in the field of data and AI,” said the deputy director of the National Information Center and the CEO of strategy management at SDAIA, Dr. Mishari Almishari.
He further mentioned that the accelerator program is meant to aid startups to grow by providing them with ample exposure, networking, and training to help them acquire the necessary skills.