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Numo Program

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Numo Program
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2 min read

The Numo Program is one of the Center of Digital Entrepreneurship programs under the Ministry of Communications and Information Technology. It aims to enable entrepreneurs to transform their ideas and startups into successful digital enterprises. It offers technical support and consulting services to help entrepreneurs enhance their growth and navigate potential challenges during the implementation of their investment ideas.

Selection criteria for the Numo Program

Numo Program has developed measurement criteria for entrepreneurial enterprises to be accepted into the program in collaboration with venture capital funds. These criteria include the company's financial health, excellence in technical solutions, founders' experience, investment rounds, and plans for local and international expansion.

Numo Program journey

The journey of the Numo Program includes meeting with nominated startups, selecting the best startup, providing services to participants, monitoring the execution of tasks and raising the required support, and announcing the closing of the investment round.

Numo Program services

The Numo Program's list of services includes access to data and legislation by contributing to solving related regulation challenges, and providing data and studies. It also includes access to talents and skills by raising entrepreneurial skills of competencies or talents and offering entrepreneurial mentoring sessions conducted by specialized experts.

Additionally, the services include access to the entrepreneurial community by providing co-working spaces and marketing support through participation in events. The program also offers access to financial and legal services, including the company's financial evaluations, addressing financial challenges and consultations, reviewing financial statements, tackling legal challenges and consultations, and drafting contracts. Additionally, it provides access to digital perks by offering a package of supported technical services with support of up to SAR300,000. These services include cloud services, electronic payment gateways, data and communication services, marketing programs, and data analysis programs.