Saudi Arabia Launches New AI Incubator 'Code AI' with NTDP & InspireU by STC
The National Technology Development Program (NTDP) and InspireU by STC have announced the launch of the Code AI incubator in Riyadh, a national initiative designed to accelerate the growth of Saudi startups specializing in artificial intelligence.
Key Details
The newly launched Code AI program is a dedicated incubator aimed at nurturing and scaling AI-focused startups within Saudi Arabia. This initiative is a collaborative effort between the National Technology Development Program (NTDP) and InspireU by STC. The program is based in Riyadh and is scheduled to commence on May 21, 2025.
Code AI is specifically targeting Saudi startups that are developing innovative solutions leveraging artificial intelligence across various sectors. Participants in the program will receive comprehensive support including:
Intensive training and workshops
Expert mentorship from industry leaders, including those from STC and NTDP
Technical support to refine and develop their AI technologies
Access to STC's extensive resources and network
Opportunities to connect with potential investors and partners
Guidance on business development and market entry
The program emphasizes creating a supportive environment to transform promising AI concepts into viable and scalable businesses.
Implications for the Ecosystem
The launch of the Code AI incubator signifies a strategic step towards bolstering Saudi Arabia's position as a regional leader in artificial intelligence and technology. This initiative directly aligns with the Kingdom's Vision 2030 goals, which prioritize digital transformation, innovation, and the development of a knowledge-based economy. By providing targeted support to AI startups, the program aims to stimulate local innovation, create high-value jobs, and foster technological advancements that can address national and regional challenges. For founders and professionals in the MENA region, this represents a clear signal of Saudi Arabia's commitment to developing its AI capabilities and opens new avenues for collaboration, investment, and talent development within the Kingdom.
About NTDP and InspireU by STC
The National Technology Development Program (NTDP) is a key governmental body in Saudi Arabia focused on developing and enhancing the Kingdom's technological capabilities and ecosystem. It plays a crucial role in enabling technology adoption and fostering innovation across various sectors. InspireU by STC is the corporate venture capital and acceleration arm of STC Group, Saudi Arabia's leading telecommunications operator. InspireU has a strong track record of supporting and investing in startups, providing them with strategic guidance, resources, and access to STC's vast infrastructure and market reach. Their collaboration in the Code AI incubator combines governmental vision with corporate resources and market expertise.
Looking Ahead
The Code AI incubator is currently accepting applications from eligible Saudi AI startups. Its launch is expected to significantly impact the landscape for AI innovation in the Kingdom, potentially leading to the emergence of new solutions and companies that contribute to the digital economy. The success of this first cohort will likely pave the way for future iterations and further initiatives aimed at making Saudi Arabia a hub for AI development in the MENA region. Founders and tech professionals in the region interested in the Saudi AI scene should monitor the progress of this program and the startups it nurtures.
Source: aitnews