Geneva, June 12 (BNA): The International Telecommunication Union (ITU) has assigned the King Abdulaziz City for Science and Technology (KACST) through its BADER program for incubators and technology accelerators, to be in charge of pan-Arab Technology Incubators
Geneva, Jun 11, 2019, SPA -- The International Telecommunication Union (ITU), a UN specialized agency in the field of information and communication technology (ICT), put the Kingdom of Saudi Arabia (KSA), represented by King Abdulaziz City for Science and Technology (KACST), through its BADER program for incubators and technology accelerators, in charge of running Pan-Arab Technology Incubators
' Network, on the sidelines of ITU council 18th session, taking place nowadays, here today, in the presence of more than 75 member states.
Summary: Badir Program for Technology Incubators
and Accelerators, one of the initiatives of KACST, has reported that its incubated technology startups raised nearly $29.32 million across 63 funding deals in 2018.
Badir Program for Technology Incubators
and Accelerators, an initiative of KACST, has contributed SR2.1 billion ($560 million) to Saudi Arabia's economy on a cumulative basis from 2010 to the end of last year, a report said.
King Abdulaziz City for Science and Technology, represented by the Badir Program for Technology Incubators
and Accelerators, is participating in the Arab Innovation 2018 conference.
Now, let's review what are technology incubators
, science and technology parks and how they can help develop economies like Pakistan.
I often get questions from large companies with innovation-based teams about starting a technology incubator
to advance their innovation process.
Arshad Ali, Executive Director HEC chaired the session, which aimed to deliberate the Government's ICT policy, particularly patronization of the growing concept of Technology Incubators
and Accelerators and discuss ways to engage with a broader audience and further explore possibilities of encountering new ideas, said a news release on Monday.
This has led to the proliferation of business and technology incubators
for mentoring and nurturing the ideas of students and young entrepreneurs for business start-ups.
Almost all of these entrepreneurs have made the headlines well before the recent wave of technology incubators
and other startup support initiatives.
The technology incubators
, a variant of more traditional business incubation schemes, is the phenomena of present times as they assist technology-oriented entrepreneurs in the start-up and early development stage of their firms by providing workspace, share facilities and a range of business support services.