Space Tech Entrepreneurship Incubation Program

The Space Tech Entrepreneurship Incubation Program is an initiative launched by the Communications, Space, and Technology Commission in collaboration with King Abdullah University of Science and Technology (KAUST) and "The Garage" on May 26, 2024. The program focuses on space technologies by supporting early-stage startups through a package of training, mentorship, and financial support to help these startups enter the space sector market.

The importance of the Space Tech Entrepreneurship Incubation Program

The Space Tech Entrepreneurship Incubation Program helps provide an educational program focused on entrepreneurship, access to business and space experts, financial support for the growth of startups, and access to advanced laboratories across the Kingdom.

Objectives of the Space Tech Entrepreneurship Incubation Program

The Space Tech Entrepreneurship Incubation Program aims to attract investments, support national talents and capabilities, foster innovation, and focus on development and research in the space sector. Additionally, the program seeks to leverage global expertise and transform ideas or products into commercial ventures by the end of the program.

Phases of the Space Tech Entrepreneurship Incubation Program

The Space Tech Entrepreneurship Incubation Program delivers its training and mentorship sessions in a hybrid format, in-person and virtual, over about six months, divided into several stages:

- First phase: Registration in the program.

- Second phase: Initial nomination.

- Third phase: Submission of a detailed proposal.

- Fourth phase: Final screening and announcement of the nominated startups.

- Fifth phase: Start of the incubation program.

- Sixth phase: Company registration within the Kingdom.

- Seventh phase: Final presentation to the judging panel.

- Eighth phase: Program conclusion (graduation ceremony).

Registration requirements for the Space Tech Entrepreneurship Incubation Program

The Communications, Space, and Technology Commission has opened registration for the Space Tech Entrepreneurship Incubation Program through the program's official website. Several requirements must be met to join the program, such as working towards establishing a company in the Kingdom, having the company already registered, offering an innovative solution in the business model, addressing issues related to the space sector, and providing a prototype.