stc Group’s inspireU Entrepreneur Support Program announced the selection of incubated projects in the final stage of the ninth batch.
The program hosted 18 projects: the “Spoilz games” platform, which provides its services to developers of electronic games, the “Win” platform, which provides the sale and purchase of industrial surplus stocks of oil and petrochemical products between industrial companies, and the “Sirdab” platform, which serves business owners to configure and manage their cloud warehouses in real time. The “Fraim app” platform that connects production companies with advertising industry service providers such as photographers, the “Qparts” platform that provides technical solutions in the field of auto parts, and the “OPETA” company specialized in artificial intelligence and data analysis, which provides a platform that serves the restaurants and cafes sector, and the “Autoly Inc” application .” Which specializes in AI/ML technology to help drivers and businesses maintain their vehicles through damage analysis, and Moeco, a logistics solution platform that offers low-cost trackers and Flashlead.
These projects were qualified out of more than 600 projects that applied for incubation in the ninth batch of the program after they passed all the screening stages, which included presenting the qualified projects in the final stages to the jury, whose evaluation is based on several criteria, including the quality of the idea, the work team, the possibility of expansion business model. Where the jury conducted interviews with the founders of the projects, which in turn chose the best projects to be incubated in the ninth batch to benefit from the services of the inspireU program.
The inspireU program included in this batch a special track to support projects in the field of cybersecurity, in cooperation with sirar company from stc, the digital provider of cybersecurity services. Al-Anqari stressed that the establishment of this track aims to enhance local content and empower projects. Digital cyber, where specialized technical advisory workshops and sessions will be provided for this track.
Moataz Al-Anqari, Group CEO, the Investments Unit
It is worth noting that the inspireU program, since its launch in 2015, has been able to support 75 start-up projects in various fields. More than 40 million users, and financial transactions for the products of the incubated projects, with a value exceeding 12 billion riyals, and contributing to the creation of 600,000 participatory jobs in the region’s market.
