Wa'ed Aramco's Entrepreneurship Center

waed aramco

Do you have an innovative and intelligent business and would require potential financing?

You can review our blog post to assist you in financing your business by providing you with an outstanding funding center, Wa’ed, Aramco’s entrepreneurship arm.

Wa’ed, Aramco’s entrepreneurship arm, was established in 2011 to spread the spirit of entrepreneurship in Saudi Arabia. the center aims to assist entrepreneurs in establishing or expanding their businesses by providing a variety of financial offerings, guidance and tools.

Wa’ed, Aramco’s entrepreneurship arm focus on offering three main services to its entrepreneurs that are funding, incubation and training.

1. Funding:

Wa’ed offers a variety of funding options include debt funding in the form of non-collateral loans, venture capital funding offering minority equity partnerships, and non-repayable micro-funding in form of seed fund for incubating. At Wa’ed website, you will find more detailed information about each funding program and apply online for which program that meets your business needs.

2. Incubation:

Wa’ed established its own business incubator and startup lab to support early-stage business. Startup lab is a new generation of high impact and local business incubator. It designed to promote innovative ideas and technology-driven startup companies in the kingdom of Saudi Arabia. its main focus is house startup companies and provides them with a range of services such as training and mentorship.

3. Training:

Wa’ed offers workshops in several disciplines to provide early-stage startups, entrepreneurs and individuals with potential ideas with necessary skills and knowledge. These workshops include business plan formulation, pitching and ideation.

There is a significant stage you must pass it successfully to get funding from Wa’ed or other investors, this is Elevator Pitch. The perfect elevator pitch can be broken down into these seven essential parts.

1. Define the problem.

2. Describe your solution

3. Know your target customer

4. Describe the competition.

5. Who’s on your team

6. Financial summary

7. Show milestones.

For more information about elevator pitch, you can watch the below video.