Friday, October 27, 2023

STC’s InspireU Accelerator Program Helps Entrepreneurs Secure $186M


stc Group’s InspireU accelerator has helped entrepreneurs secure over SR700 million ($186.6 million) in investments, according to the Saudi Press Agency. The accelerator has supported more than 90 digital projects, with investments and financial transactions valued at SR12 billion ($3.1 billion). Over 40 million users have benefited from InspireU’s projects, which have generated more than 600,000 job opportunities. The accelerator is expanding with a new programme to support emerging technologies. The group has also signed a supplier’s contract to construct two subsea and terrestrial data cables with Alcatel Submarine Networks that will connect the Kingdom with Europe under the East to Med Corridor project.

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