"KACST" launches 4 new tech start-ups in the Saudi market

King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and Accelerators, has launched four new technology companies, incubated by Badir, as a result of these companies' success in launching their products, attracting customers and achieving future growth requirements.

The launch of the new companies comes after they all received the logistic and advisory support from Badir Program and the necessary guidance for their growth and business development in the local market. These companies' fields varied between health care applications, car rental management techniques and electronic home maintenance services, as well as the facilitation of connecting financing and installments applicants in several different areas.

The list of companies launched at a special ceremony held recently at Badir headquarters include "Elag", which specializes in online medical technology and aims to facilitate booking of appointments in health facilities and access to medical services the soonest and at the lowest cost; "Ineed", specialized in car rentals and connecting customers to service providers in a technical way; "Ajeer", which seeks innovative solutions in the field of home maintenance by connecting customers to the best maintenance service providers; as well as "Tamweel", specialized in designing and developing an electronic platform combining financing and installments applicants in the fields of cars, personal finance or mortgage finance.

During the launching ceremony, attended by officials of some government and private bodies and a number of Saudi experts and entrepreneurs, Nawwaf Al Sahhaf, CEO of Badir Program for Technology Incubators and Accelerators, deeply congratulated the entrepreneurs whose projects were launched after the success they achieved in transforming their ideas into distinctive commercial technology projects. He stated that the new start-up companies have received logistic and advisory support from Badir Program and the necessary guidance for their growth and business development in the local market.

He stressed that the launch of these companies comes within the framework of the huge efforts exerted by King Abdulaziz City for Science and Technology, represented by Badir Program to present various aspects of support and care for Saudi innovators and entrepreneurs and provide an environment that motivates them to develop their ideas and turn them into technical projects.

"We are very proud of the entrepreneurs' achievements in the four new companies and are extremely pleased that the founders of these companies can prove themselves as successful startups, thanks to the hard work that they have done in developing their business over the past period and reaching this important stage of developing their projects", he added.