stc Group, the engine of digital transformation, has announced the launch of the 11th intake of the "inspireU: General Program", a program designed to propel early-stage startups forward with a focus on strategic domains by having a specialized track on gaming with stc play, cybersecurity with sirar by stc, fintech with stc Bank, and IoT with iot squared, according to an stc press release.
Aligned with Saudi Arabia's Vision 2030, inspireU aims to diversify the economy and foster digital innovation, SPA reported.
Through this program, stc creates a supportive environment for startups and enables entrepreneurs. The program aims to accelerate worldwide startup growth and create value for stc by facilitating the link between stc ecosystem startups, offering international and local promotional exposure, soft-landing support, services from inspireU partners, office space 24/7, Silicon Valley expertise, world-class mentoring, and fundraising support.
Since its inception in 2015, the inspireU program has been a beacon of success, accelerating and promoting over 110 digital startups across diverse fields. These startups have generated investments exceeding 1 billion SAR and have developed a market value of more than 12 billion SAR.
This success has translated into over 600,000 direct and indirect job opportunities, benefiting a user of more than 40 million individuals.
The program also aims to significantly impact the region, fostering innovation and accelerating growth. In addition, its contribution to the local and global entrepreneurial landscape is anticipated to positively influence the GDP and drive technological advancements.
