stc Bahrain, a leader in the digital technology sector, has announced a collaboration with inspireU from stc to implement a startup support program in the Kingdom of Bahrain. stc group aims to empower local entrepreneurs by offering them a chance to join this inspiring program and become integral to the kingdom’s entrepreneurial ecosystem.
The accelerator inspireU focuses on information and communication technology (ICT) and digital innovation, with the goal of stimulating economic growth, fostering a culture of innovation, and creating job opportunities. Through this partnership, stc Bahrain is furthering its commitment to supporting the Economic Vision 2030 and the startup community, contributing to the acceleration of economic and digital transformation.
Originally launched in Saudi Arabia in 2015, inspireU is a pioneering business accelerator and incubator focusing on ICT and digital innovation. Since its inception, it has supported over 110 startups with investments exceeding one billion Saudi riyals. The ventures fostered by inspireU have benefited more than 50 million users and created over 660,000 job opportunities in the digital economy. Additionally, the market value of investments and financial transactions for the incubated companies’ products and services has surpassed 15 billion Saudi riyals.
On this occasion, Engineer Khalid Al Otaibi, CEO of stc Bahrain, expressed delight at the launch of the program in Bahrain. He emphasized stc Bahrain’s sustained commitment to supporting local small and medium-sized enterprises (SMEs) and providing a conducive environment for their growth. He also noted that the innovative program would be a significant milestone for the kingdom’s startup ecosystem by boosting the digital economy, creating jobs, and supporting local content by transforming entrepreneurial ideas into successful businesses.
Abdulrahman Alzahrani, Director of inspireU, stated that the accelerator’s presence in Bahrain for the first time is due to the strong belief in the region’s exceptional and promising talents. He assured that inspireU’s support would be pivotal in accelerating and empowering innovative businesses by focusing on their development. He added that the inspireU team is dedicated to facilitating the market expansion of the selected startups in the Saudi market and creating high value and strategic opportunities by partnering with stc group and its affiliates.
The inspireU program aims to enhance entrepreneurship, foster innovation, and nurture innovators in Saudi Arabia, Kuwait, and Bahrain. It provides financial support, logistical and advisory services, as well as intensive training overseen by experts and consultants from Silicon Valley. The program covers a wide range of areas, including workshops and meetings with various entrepreneurs and mentors.
stc offers participating startups a package of products and services, along with opportunities to connect with its branches, participate in various events such as training workshops, and local and international exhibitions. The program also facilitates connections with leading investors and investment funds in the market.
Entrepreneurs and startups interested in joining the program can apply through the online form available at the inspireU website.
