About the Program

Alsafwa Futuree Program

Alsafwa Futuree is a program initiated by Alsafwa Cement Company to nurture the innovation and entrepreneurship ecosystem in the Kingdom and accelerate the growth and success of entrepreneurial talents through an array of business support resources and services.

The program is designed for selective talents who come with innovative projects and entrepreneurial ambitions in four main engineering specialties: Architecture, Environmental, Civil, and Chemical.

Alsafwa Futuree program offers pre-incubation and incubation services to foster projects from the ideation up to the scaling stage during a specified timeframe.

Program Stages

Selection

Selecting program candidates based on:

  • Project Idea
  • Applicant’s Profile

Program Run

The program will run in a period of 6 months, extendable to 12 months-based in the project’s requirements.

Review & Evaluation

An advisor will be assigned for follow-up and guidance to each Futuree.

Project’s enrollment will be subject to the periodic evaluation by the program committee.

Graduation

Alsafwa Futuree shall graduate the program with a good base on the early stages of the startup ready for up-scaling funds.

Alsafwa shall reserve the first right of investment in the graduated projects.

FQA

What makes Alsafwa Futuree program the right fit for my Idea?

Alsafwa Futuree Program forms the best environment for industrial/chemical, civil, architectural, and environmental inventions and ideas with feasible potential. It offers high class facilities, professional advisory, technical expertise, local & multinational experiences and connections necessary to transform and polish ideas to business modules.
As innovation is the DNA of Alsafwa Company, the Program brings participants to foster their ideas with not only a believer company, but a first mover towards innovations for better tomorrow.

Where will the incubation take place? Will the intrapreneur be required to relocate?

The program will kickoff from Alsafwa’ s Head office and run through it’s premises in the western region, Saudi Arabia.

Does Alsafwa Futuree Program provide seed funding to startups?

Based on the final evaluation of each business plan, Alsafwa reserves the first right to exchange shares for seed funding.

Will Alsafwa be a partner at the scaling stage?

Not necessarily. However, Alsafwa reserves the first right of partnership.

Is Alsafwa Futuree a paid program?

Alsafwa future is an incubation program to support participants in establishing their business startup in certain specialty fields. Therefore, it does not cover any fixed payment models to participants. Financial support for feasibility purposes is processed as per project needs.

Does the program end with an employment contract?

Not necessarily. However, Alsafwa Futuree Program, might grant participants some employment opportunities.

What are the legal aspects?

The laws of the Kingdom of Saudi Arabia shall govern all relationships and transactions among involved parties. Confidentiality and intellectual rights shall be reserved as per the agreed upon terms and conditions.

Application

Alsafwa Futuree Program

For support to make your idea alive, contact us and submit your application on:

futuree@safwacc.com

Required Documents:

  • Project Brief
  • Feasibility Study (if available)
  • Applicant’s Resume

For more information: 

Alsafwa Futuree ProgramAlsafwa Futuree Program