Business Incubation & Accelerators Company (BIAC) – is Saudi Arabia’s main thrust to support business incubation & acceleration in the country. It aims to make KSA a regional leader in business incubation in the Middle East. Its main aim is to stimulate economic growth, which in turn helps in developing entrepreneurs and solve the Kingdom’s unemployment. BIAC operates & manages business incubators that provide a physical location for newly commenced businesses coupled with support services.
BIAC focuses on setup, operation, maintenance and management of business incubators and accelerators as well as entrepreneurship support platforms, innovation programs and technology transfer. BIAC provides project management services, specialized consultations and training services to enhance human resource capabilities.
BIAC seeks to contribute to the growth and development of the innovation and entrepreneurship environment and to support emerging technology companies, in line with the vision of the Kingdom 2030 and its objectives which include supporting entrepreneurship and small and medium enterprises and increasing their contribution to GDP.