BADIR’s first accelerator was launched in 2016 with 7 companies in its first cohort. The companies were exposed to intensive workshops for four months. In addition to business development services and legal and marketing consultations, the cohort collectively received over one million SR in seed funding. Other achievements related to the accelerator are:
- Signing of a memorandum of understanding with Abdullatif Jamil Company with the aim of setting up a new accelerator in projects relevant to the automobile industry.
- An MoU was signed with Oasis 500, the leading funding entity of entrepreneurs in the MENA region, with the aim of creating new and innovative technology startups.
- Two boot camps were held, to deliver intensive guidance and support on how startups can launch successfully. The program supported participants to devise the best business plans, models and strategies, build the right team and provided tips to help entrepreneurs succeed in transforming their innovative ideas into viable business opportunities. The boot camps received more than 400 male and female applicants, 100 of whom qualified to enter the boot camp program.