Aiming to propel the development of a thriving startup ecosystem in the Kingdom of Saudi Arabia, Unifonic and Sukna Ventures today announced that the launch of their comprehensive entrepreneurship program ‘Unifonic X’. A 14-week hands-on learning program, Unifonic X will mentor aspiring entrepreneurs, innovators, and early-stage ventures to further develop their business concepts and boost the enterprise cloud computing ecosystem from the Kingdom.
Designed to enable ambitious entrepreneurs to transform their ideas into successful businesses, this unique program structure provides a full spectrum of knowledge, skills and support to participants allowing them to learn, implement, and iterate proven company-building concepts. In addition to offering experiential learning, incorporating global best practices and peer-to-peer collaboration, Unifonic X will facilitate access to a strong network of experts and investors to help entrepreneurs bring their ideas to market and expedite market entry.
Set to be delivered in three phases, the program will guide up to 30 aspiring entrepreneurs, and team them up, to focus on further developing and validating 10 venture ideas. At the end of the program, the ventures will participate in the Demo Day, presenting their validated business concepts to prospective partners, angels and institutional investors, to lead the next phase of their growth.
Designed around the Global Innovation Catalyst (GIC) Innovation Execution (iX) program, Unifonic X combines a unique set of resources that offers the candidates access to Silicon Valley experiences, world-class experiential education from one of the top universities in the world, a strong regional network and funding.
With the aim of empowering entrepreneurs to build impactful, successful, and sustainable ventures, the program includes virtual live workshops by certified instructors, experienced global mentors, and guest lecturers.
Powered by Sukna Ventures and Unifonic, Unifonic X is supported by key partners including the Ministry of Communications and Information Technology, the General Authority for Small and Medium Enterprises (Monsha’at) and Amazon through its AWS Activate program.
Open to all entrepreneurs ready to launch their ventures, the program will facilitate registration through Unifonic X’s website.
