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Business Incubator & Accelerator Company
Business Incubator & Accelerator Company deploys early-stage capital in Saudi Arabia under Public Investment Fund ownership.
Business Incubator & Accelerator Company
Business Incubator & Accelerator Company was founded by Saudi Technology Development and Investment Company (TAQNIA). Public Investment Fund served as its ultimate parent. The firm ran multiple commercial incubators across Riyadh and other Saudi locations. Its strategy covered seed, start-up, growth and expansion stages with a focus on venture investments. Confirmed partnerships include Monsha'at for SME licensing and Social Development Bank for the SAR 1 billion funding program. Geographic activity remained inside Saudi Arabia. The firm held no disclosed AUM figure and listed no professional headcount. In July 2025 it merged with Tasama Business Services Company. Nawaf Al Sahhaf also served on the board of Global Entrepreneurship Network Saudi Arabia and led the e-commerce program at Riyadh Chamber of Commerce and Industry. Ownership by Public Investment Fund created a direct link to state capital allocation rather than private family wealth.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Middle East
Country
Saudi Arabia
City
Riyadh
Corporate office
Riyadh, Saudi Arabia
Principals
Nawaf Al Sahhaf
CEO
Sector focus
Frequently asked questions
Who ran investment decisions at Business Incubator & Accelerator Company?
Nawaf Al Sahhaf served as CEO from 2017 until the July 2025 merger (Altss research).
How is Business Incubator & Accelerator Company related to Public Investment Fund?
Public Investment Fund is the ultimate parent entity (Altss research).
Does Business Incubator & Accelerator Company commit to external funds or make direct investments?
The firm focused on direct early-stage and growth investments through its incubators and the SAR 1 billion portfolio with Social Development Bank (Altss research).
What investment stages does Business Incubator & Accelerator Company target?
It targets seed, start-up, growth and expansion stages (Altss research).
Where does Business Incubator & Accelerator Company operate?
All activity is inside Saudi Arabia, centered in Riyadh (Altss research).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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