Saudi Unicorns

Saudi Unicorns is a national program dedicated to supporting rapidly growing tech startups to become Saudi Unicorns by providing a comprehensive range of quality services. Launched in 2022, in partnership between the Ministry of Communications and Information Technology, the Mohammed Bin Salman Foundation 'Misk', and the National Technology Development Program.

The program targets two categories of rapidly growing tech companies that have received advanced investment rounds: companies in the later stages of investment and those in the early investment stages. It aims to achieve several objectives, including stimulating companies to expand into new markets, increasing the number of Saudi Unicorns by empowering and supporting rapidly growing tech startups, creating job opportunities through offering both direct and indirect jobs, increasing the market value of companies benefiting from the program, thus impacting the gross domestic product (GDP), facilitating relations with the private sector, and connecting companies with investors.

The program operates on two tracks: the Growth Track, which focuses on enabling rapidly growing tech startups to progress from the pre-seed stage to the growth stage, and the Scaling Track, which provides support for fast-growing companies that have shown readiness to enter new local and global markets.

The program offers several services, including:

Developing and Attracting Talent, by supporting entities in sourcing, training, and retaining talent.

Market Expansion, by providing support and consultancy for global expansion.

Facilitating Government Access, by linking companies with governmental entities.

Supporting Global Emergence, by enhancing the position of companies in international forums and linking them with global entities.

Access to Phygital Ecosystem, by leveraging innovation hubs to provide workspace in Riyadh.

Matchmaking with Late-Stage Investors, by introducing companies to international investors and venture capital companies for advanced investment stages.

Mentorship and Coaching, by connecting companies with a global network of certified experts and mentors in the world of technology companies.

Relationship with Private Sector, through commercial cooperation programs with major companies.