stc Launches 11th Batch of inspireU
Since its inception in 2015, the inspireU program has accelerated over 110 digital startups across various fields.
Saudi telecommunications company stc Group has announced the launch of the 11th batch of the inspireU Program. This initiative is designed to advance early-stage startups, focusing on strategic sectors including gaming with stc play, cybersecurity with sirar by stc, fintech with stc Bank, and IoT with IoT squared.[1]
Aligned with Saudi Arabia's Vision 2030, inspireU aims to diversify the Saudi Arabian economy and foster digital innovation.
The program offers startups international and local promotional exposure, soft-landing support, services from inspireU partners, 24/7 office space, expertise from Silicon Valley, mentoring, and fundraising support.
Since its inception in 2015, the inspireU program has accelerated over 110 digital startups across various fields. These startups have attracted investments exceeding SAR 1 billion ($270 million) and have developed a market value of over SAR 12 billion ($3.20 million).
The program has led to the creation of more than 600,000 direct and indirect job opportunities, benefiting over 40 million users.