Enabling innovation

For a vibrant society

Enabling innovation

For an ambitious nation

Enabling innovation

For a thriving economy

About Us

BIAC is a 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 work to enable innovation in the Kingdom of Saudi Arabia by building, operating, supporting and developing the innovation environment and technology transfer, as well as project management in all different business sectors.

Why Biac?

The first company licensed in the Kingdom of Saudi Arabia to manage incubators and accelerators.

Operated and managed more than 10 business incubators and accelerators.

International and local awards for the best operator of business incubators and accelerators.

Positive contribution of our innovation programs to the Kingdom's GDP by more than SAR 2.1 Billion.

Local and international partnerships in the field of innovation.

Innovation programs led to the creation of more than 3,000 direct jobs and 200,000 indirect jobs.

Industry 4.0 focused programs Contributed to the establishment and support of 700 beneficiary technical startup.

On ground Innovation awareness events executed for our clients achieved a reach of +1 million beneficiaries.

Tangible Results

2053

Ability to create more than 2,053 jobs

700

BIAC supported 700 beneficiary technical companies

200

Upgrading the manufacturing capabilities of more than 200 companies

1Million

Reaching more than one million beneficiaries and strengthening their association with our clients by organizing specialized events

81Million

Leading investment rounds of SAR 81 million

BIAC contributed to transferring 20 patents into businesses

BIAC contributed to issuing 68 patents

50000

BIAC offered advice, guidance and interviews in favour of 50,000 clients

2.1Billion

The positive impact on GDP is SR 2.1 billion

Areas of Expertise

For an ambitious nation

Innovation Management

For a thriving economy

Innovation Partnerships Services

For a vibrant society

Innovation Support

Media Center

Jul14

BIAC continues to support startups in meeting coronavirus challenges

Business Incubators and Accelerators Company (BIAC), a subsidiary of the Saudi Technology Development and Investment Company (TAQNIA), owned by the Public Investment Fund

Mar17

Data science startup Quant secures $1.2 Million in Pre-Series A Funding

Riyadh, 17 March 2020- “Quant”, a technical start-up specializing in data science and providing data analysis and artificial intelligence services, announced

Jan26

BIAC leads SR 9million investment in Saee

Riyadh, 26 January 2020: Saee, a Jeddah-based startup providing last-mile delivery through freelancers, announced today the completion of a SAR 9 million ($2.4 million)

Jan6

Badir-Incubated Technology Startups Raise SR 508 Million in 10 Years Venture capital firms top the list of funding deals, followed by individual investors networks: BIAC

Riyadh,06 January 2020: Technology startups incubated by the Badir Program for Technology Incubators and Accelerators, one of the leading initiatives of King Abdulaziz City

Dec10

BIAC leads investment round for Dokkan Afkar

Riyadh, 10 December 2019: Dokkan Afkar, a leading Saudi-based e-commerce marketplace dedicated to selling homegrown and innovative gadgets, gizmos and gifts, announced it has

Nov17

Kafalah, BIAC co-operation agreement for tech startups financing

Riyadh 17 November 2019: Kafalah, a Saudi-based SME financing guarantee program and the Business Incubators and Accelerators Company (BIAC), a government company owned by

Oct10

On the sidelines of its participation in Dubai GITEX Week BIAC signs 4 agreements to support entrepreneurship and innovation programs

Dubai – 10 October 2019: Business Incubators and Accelerators Company (BIAC), a subsidiary of the Saudi Technology Development and Investment Company (TAQNIA), owned by the