Badir Program for Technology Incubators and Accelerators and Propeller Inc., a Jordan-based startup accelerator, have signed a memorandum of understanding (MoU) to boost startup collaboration between the two countries.
The partnership will allow Badir Program and Propeller to provide access to the local market, network and investors to technology startups in their respective countries.
In addition, the two entities will also support the tech startups within the context of this cooperation through a legal set up for operation in the local market, advising and coaching startups in technology development as well as support services to approved startups.
Nawaf Al Sahhaf, CEO of the Badir Program, said: “Our partnership with Propeller Inc. is a step in line with the strategy of the Badir Program that allows us to share our respective ecosystems through joint initiatives and activities to support the growth of startups, locally and regionally.”
Tambi Jalouqa, CEO of Propeller, added: “The strategic partnership with Badir Program will give Propeller-incubated startups access to Saudi Arabia’s market, network and investors, propelling their reach and growth in the wider region.”
Badir Program, an initiative of King Abdulaziz City for Science and Technology, has set an objective of creating 600 startups and 3,600 jobs by 2020.
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