SANAD Business Incubator
SANAD

Sanad is a system support service for new entrepreneurs aimed at a) preparing them to establish entrepreneurial projects during a specific incubation period and b) enabling them to participate in developing the business environment using their own individual efforts. In general, the incubator aims to promote individual business initiatives, intensifying increasingly growing new value-added enterprises and activating their environment to boost the investment climate.

What are the objectives of SANAD?

  • disseminating entrepreneurship and individual initiatives among trainees at vocational training centers as well as students at the colleges of technology and higher educational institutions.
  • producing a new generation of creative entrepreneurs
  • developing and expanding small value-added enterprises
  • enhancing partnerships between small businesses and institutions of higher education and vocational training centers
  • creating and improving channels of communication in the relationship between new small business and existing enterprises in the surrounding business environment
  • participating in developing investment and providing job opportunities for highly qualified work seekers

What does SANAD offer you?

  • Training to improve your qualifications and initiative capabilities
  • Consultancy in stages of planning, implementing and expanding your project
  • A suitable site for establishing your project
  • Promoting your enterprise and facilitating its integrating in business
  • Direct support services (sharing equipment, participating in forums,   , exhibitions, and other economic and functions.
  • Assistance in finding new partners
  • Various services and an outstanding business environment to accomplish your project and fulfill your ambitions

SANAD Incubator Offerings

Training programs for establishing and developing self-employment projects:

The Establishment/Planning Stage

  • Presenting the business environment
  • Entrepreneur’s attributes and planning stages of the project
  • Approach to market study
  • Approach to technical study
  • The legal framework and incentives for supporting the project
  • Financing small projects
  • Project profit
  • Achievement plan and implementation of project (getting equipment, administrative procedures ….)

The Stage of Implementation and Development of Business

  • Market strategies
  • Labor law
  • Insurances and workplace safety
  • Integration of technological development
  • Administrative success indicators
  • Quality assurance
  • Media and telecommunication roles in the success of entrepreneurial projects

Consultancy

To help you prepare a feasibility study on a project, its performance and how it can be developed and integrated in the market.

Projects Qualified for Financing by SANAD

  • small industries/projects
  • modern crafts
  • high quality, increasingly growing value-added services in the fields of energy, industry, commerce, electronics as well as projects that help preserve the environment and culture

Targeted Categories

  • Fresh graduates with vocational and/or university degrees who are interested in starting small self managed projects
  • Experienced individuals who express their desire to establish their own businesses
  • Small enterprises that are doing business and are interested in developing their products
  • Any individual who is interested in starting a business, willing to be trained and capable of utilizing the services of the nursery.

Conditions for Utilizing SANAD Services

  • Training Sessions: a) writing an application and filling in a special form for this purpose
  • Establishing enterprises and seeking support fom incubator: a) writing an application and filling in a special form for this purpose b) meeting the objectives and requirements of the incubator c)  approval from the Project Selecting Committee

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