The KFUPM Entrepreneurship Institute (EI) started out in 2011 as a business incubator. In 2014 it was recognized as an institute, bringing together three main centers for entrepreneurial Education, Incubation, and Studies.
EI has been renowned as a top-tier institute in entrepreneurship for the past ten years. Through its many initiatives, programs and services, more than 13% of its incubated startups have reached the market. They have generated sales in the millions of SAR, while providing hundreds of full-time and part-time jobs. In addition, we have produced over 2000 EI graduates, who are well-known for their entrepreneurial skills and leadership competencies, and for contributing to their organizations as great enterprise thinkers and innovators.
The EI has managed to raise funding of over SAR 14MM to support it initiatives and operations. These funds are generous donations and sponsorship from individuals and large cooperates such as SABIC, THIQAH and Saudi Aramco.
EI has been recognized as the leading entrepreneurial institute in the Kingdom of Saudi Arabia, with a number of notable accolades:
We are here to support all university students, faculty and entrepreneurs, regardless of their academic level or specializations. Our work involves:
Our work also supports the entrepreneurial ambitions of the national strategic plan, Vision 2030. By promoting entrepreneurship and supporting the creation of high-value businesses, we aim to make an important contribution to diversifying the country’s business landscape and transforming the national economy.
To become the hub to nurture & harness the Kingdom’s entrepreneurial energy & values to contribute to its socioeconomic development.
To foster an entrepreneurial mindset through education, training, and research, and provide logistical and/or financial support for the formation and growth of high-potential start-ups in KSA.
In support of our Vision and Mission, our objectives are to: