Center for Business Incubators

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The Business Incubator

Business incubators (or sometimes called Innovation Centers) are basically programs (organizations) designed (used) to support the successful development of entrepreneurial/start-up companies/firms. This is done through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. At KFUPM, the Business Incubator Center offers a set of supporting programs to university entrepreneurs that complement the other two centers of the entrepreneurship institute and facilitates in launching a startup.

Services provided by the Incubator

1. The Space

  • Over 1800 sqr. meters
  • 57 cubicles
  • 16 Faculty & Staff offices
  • 4 Mentorship rooms
  • A Meeting room
  • A Class room
  • A Service room

2. Labs

  • Dry lab (LAB 3308): Product Development Lab
  • Haya Al-Mojil Design Thinking lab (LAB 2014): Prototyping Lab.

3. Legal services

Mohaimeed Law Firm is helping the institute and its team by providing them legal consultation. The Firm has dedicated 15hr/month for the institute

4. Amazon Web Services (AWS)

AWS Activate is a program designed to provide startups with resources they need to get started on AWS. $8,000 worth of service for two years

5. Logistical Support (Governmental)

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6. Keys-of-Goodness Grant

The Keys of Goodness grants program aims to help our teams develop their prototypes to make their businesses attractive to the investor

7. Mentorship program

The Mentoring Program objective is to facilitate for entrepreneurs a network of highly skilled, experienced and knowledgeable mentors to help them in their entrepreneurial endeavors.

8. Business Coaching

The purpose of the business coaching initiative is to provide the incubated teams with goal-based and result oriented focused coaching session