King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and Accelerators, and Propeller, a Jordan-based startup accelerator focused on technology, product and design, have signed a Memorandum of Understanding (MoU) to boost startup collaboration between the Kingdom of Saudi Arabia and the Hashemite Kingdom of Jordan.
The MoU was signed by Nawaf Al Sahhaf, CEO of the Badir Program for Technology Incubators and Accelerators and Tambi Jalouqa CEO of Propeller Inc. The partnership will allow Badir Program and Propeller to provide access to the local market, network and investors to technology startups in their respective countries.
“Our partnership with Propeller is a step in line with the strategy of the Badir Program that allows us to share our respective ecosystems through joint initiatives and activities to support the growth of startups, locally and regionally,” said Al Sahhaf.
The two entities will support the tech startups within the context of this cooperation through a legal set up for operation in the local market, advising and coaching startups in technology development as well as support services to approved startups.
“The strategic partnership with Badir Program will give Propeller-incubated startups access to Saudi Arabia’s market, network and investors, propelling their reach and growth in the wider region. Moreover, the partnership will foster collective knowledge sharing between the two kingdoms, something we care deeply about at Propeller,” said Jalouqa.