Wadi Makkah Launches Growth Incubator 2024 to Boost Startup Innovation

Wadi Makkah Launches Growth Incubator 2024 to Boost Startup Innovation

By Staff Writer 05 July 2024

On Wednesday, July 3, 2024, Wadi Makkah Investment Company inaugurated its “Growth Incubator 2024” program at its headquarters. The initiative is designed to support and develop startups in sectors including Hajj and Umrah, occupational safety and health, educational technologies, and financial technologies. The launch event was attended by 25 entrepreneurs with innovative projects. The program is set to run intensively for five months, concluding in November.

The comprehensive incubation program aims to guide projects from conception to market entry, emphasizing product development, operational processes, investment attraction, and business growth. Participants will benefit from qualifying workshops, guidance and mentoring, shared workspaces, and specialized consultations.

Additionally, Wadi Makkah offers innovation lab services for prototype design and manufacturing, as well as legal services to help entrepreneurs register their companies and connect with investors during the incubation period.

With extensive experience in designing and operating business incubators and accelerators, Wadi Makkah Investment Company aims to support local economic output and enhance the knowledge economy. This initiative aligns with the Kingdom’s ambitious vision for entrepreneurship.

Source: EntArabi

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