FAQ

Where will the events of the incubator and speeding program be held?

In the headquarters of Wadi Makkah for technology.

What benefits will I get from the three programs?

• Benefits vary from one program to another, in the business incubator program you will get the following:

1.Provide shared workspace for a teamCompany.

2. Intensive workshops to help you complete the construction of the product and Browning business Model.

3.Support and consultancy services throughout the incubation period.

4.Financial support up to SR 50,000.

• For a business speeding program, you'll get the following:

1.The common workspaces of the startup company.

2.Intensive workshops to help you build a business plan and market access.

3. Support and consultancy services throughout the incubation period.

4.Financial support up to SR 400,000.

• As for the Bold venture capital program, you will receive the following:

1.Financial support determined by the company, its activity and its financial results.

2.Connect with a network of investors and benefit from the expertise and support provided by them.

How can I determine which program should I submit?

• You can apply for the incubator in the following cases:

1.If you have only an initial product.

2.You do not have an existing company.

3.You do not have sales or users of your product significantly.

• As for the accelerator, you can apply for it in the following cases:

1.If you have an integrated product.

2.You have an existing company.

3.Having a business plan.

• You can apply for the bold capital program in the following cases:

1.If you have an integrated product.

2.You have an existing company.

3.You have an annual profit that exceeds250 thousand riyals.

4.There's a spread in the market. Local, regional or global.

5.You have growth in profits.

How can I apply for programs?

Through this link

Can I fill out the form in stages?

Yes, you can save the form and return to complete it later if desired.

Are there any recommendations regarding the filling of forms to apply to the programs?

Try to be accurate in filling in your data, and the information provided is clear and correct.

Can I offer more than one idea or company in more than one program?

Yes you can.

How long is incubation and acceleration?

Ranges from 3 to 6 months

After introducing a program, what is the next step?

You will be You will be contacted either through email or mobile to inform you of the result of the submission.

Should I have a team?

Integrated Team Presence will increase your chance of acceptance, but it is not mandatory.

Is there any ratio that will deducted for support in the incubator, accelerator and capital programs?

For the incubator there is no deductible, but in the program of speeding and capital there are between 15%-25% are determined in the period of signing the contract.

What is the mechanism of delivery of financial support in the incubator and business speeding program?

Financial support is provided in the form of payments based on commitment and completion reports that will be submitted periodically.

How can I apply for a social entrepreneurship course?

In the incubator model > "Emerging domains" field > Select "Social entrepreneurship"

How can I communicate about some other enquiries?

You can contact us at Biak-mak@wadimakkah.sa