KSA Launches Taqatech Accelerator To Support Energy Startups
The accelerator focuses on supporting ventures that contribute to economic diversification, local content development, and the localization of technology.
Saudi Arabia's Ministry of Energy has launched the Taqatech Accelerator program in collaboration with Saudi tech incubator The Garage to support entrepreneurs and startups in the energy sector.
The announcement was made in the presence of HE Prince Abdulaziz bin Salman bin Abdulaziz, Saudi Arabia’s Minister of Energy, and HE Abdullah Amer Al-Swaha, the country’s Minister of Communications and Information Technology.
The initiative is part of the Ministry of Energy’s efforts to encourage innovation, promote economic growth, improve environmental sustainability, and create job opportunities. It focuses on supporting ventures that contribute to economic diversification, local content development, and the localization of technology.
Developed in coordination with energy companies, universities, and research centers, the Taqatech Accelerator is designed to strengthen collaboration between startups, entrepreneurs, and government bodies. It provides mentorship in technical and technological areas and facilitates connections with investors to help private sector-led development within the energy field.
The program targets startups working on energy efficiency, cost reduction, local content, and economic diversification through the development of local energy solutions. It also supports projects that contribute to Saudi Arabia’s role in global energy markets and the advancement of emerging energy technologies.
In addition, the accelerator includes startups focused on reducing emissions, advancing clean energy and sustainability, and improving energy security and supply reliability through infrastructure and supply chain improvements.
The program aims to support three cohorts of 20 startups each over three years, with activities divided into four phases, each lasting six to 12 months. The phases include exploration and selection, acceleration, pilot project implementation, and investment rounds.
Interested participants can register by completing this form.
Pictured in the lead image is a scene from the partnership signing ceremony between the KSA-based tech incubator The Garage, with HE Prince Abdulaziz bin Salman bin Abdulaziz, Saudi Arabia’s Minister of Energy, and HE Abdullah Amer Al-Swaha, the country’s Minister of Communications and Information Technology. Image courtesy KSA Ministry of Energy.
