Impact investor

Business Incubators and Accelerators Company (BIAC)

Investor type

VC

Founded

2017

AUM

-

Location

Saudi Arabia

$0-1 m

Investment Ticket

3-5 years

Investment Horizon

Seed

Investment Stage

Sale to strategic investor

Exit Strategy

Profile

Since 2017, Business Incubators and Accelerators Company (BIAC) have started operated and manage incubators and accelerators for the public and private sectors as a government subsidiary of the Saudi Technology Development and Investment Company (TAQNIA), which, in turn, is wholly-owned by the Public Investment Fund (PIF). At BIAC, we operate and manage entrepreneurship support platforms, innovation, and technology transfer platforms, as well as project management and business support through specialized consulting and training services.

Industry

Fintech

Region of investment

Middle East

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