BIAC's core competencies lie in business incubation and acceleration services, which has allowed us to expand our business domain into several industrial sectors aligned with the national industrial strategy. In line with Vision 2030, we work with partners from different governmental sectors on establishing incubators in information technology, renewable energy, the water industry, and processed food manufacturing with the aim of reducing Saudi Arabia's oil dependency, diversifying its economy, and developing its public service sector. BIAC shares Prince Mohammed bin Salman's futuristic ambitions with regard to NEOM, as BIAC's strategy supports the same sectors, which are energy and water, biotech, advanced manufacturing, and the applications of industry 4.0. In the water industry, BIAC has developed operating and funding models for Water Innovation Centers, which include water technology incubators and accelerators, a water innovation network, and a reverse engineering lab.
Nov. 5, 2018
Nawaf Attaf Alsahhaf
CEO, Business Incubator & Accelerator Company (BIAC)
CEO & Founder, Sihatech
For the past two years, we have been determined to go global. Fortunately, the IMF invited us out to talk about fintech in the MENA region, which recognized our achievements in the finance, health, and technology world. This recent interest in us by investors made us more certain that our business model works. We anticipated that once it created value for people, it would be monetized, which is how it went. Aramco purchased a fair amount of equity and is now one of our partners. We look to work with medical facilities, as we align with other medical facilities throughout the country. The new funds will be used mostly to build more capacity, hire more staff, do more marketing, and deliver Sihatech 2.0—our new and improved product. Our goal is to “put care back into healthcare.” Sihatech is a patient journey management service that delivers support from the minute of appointment all the way to diagnoses, tests, treatments, medication, and follow-ups.
Ahmed Ibrahim Alamri
CEO, Tawari Information Technology
We established Tawari toward the end of 2016. At the time, we decided to be as close to Vision 2030 as possible and knew the exact needs of the local market. We opened with two business lines: cybersecurity and big data analytics. We deal with highly sophisticated technology, which supports decision-making. In terms of cybersecurity, there are many companies in the local market that provide the same services as us. Studying the market, we decided to focus on certain niche markets, one of which is encryption technology services and security testing services. Encryption technology is an advanced subject, and Tawari has partnered with several companies with the experience and know-how in terms of developing and implementing encryption technology. When dealing with cybersecurity, we have to deal with huge amounts of data, and one of the complications is moving this data to the proper containers where it can be properly analyzed and patterns identified.
Khalid Al Muawad
When we began in 2012 we saw an excellent opportunity for people to interact with digital content. In earlier times, people were more passive; they gave their attention to shared information whether it interested them or not. However, this changed when new technologies like smartphones came along: people lost interest in passive and static data. If you visit a museum today, there is often something to interact with. That is when we decided to introduce interactive technologies such as virtual reality, holograms, and augmented reality into the market; advanced technologies that are all about interactivity and engaging users with different sectors to gain the attention of target users. These interactive and immersive tools are also used in the education sector to increase students' attention levels; in the industrial sector to obtain the focus of trainees; and in the entertainment industry to intensify the experience.
Under the IT segment, we cover mobile apps, websites, e-commerce, and corporate systems for both IOS and Android. On the e-commerce side, we have developed systems for companies, mostly SMEs. What makes us unique is that we do everything in house—from logo design all the way to the last line of code. We start with the customer from step one, taking them through the entire operational process, and then handing off the entire project for them to carry on. In that sense, we function as an incubator as well. We have clients working with us in IT and marketing at the same time. We use all platforms including Google platforms for digital marketing, Facebook Ads, Snapchat Ads, as well as other third-party ads. Furthermore, we prepare annual reports for our clients. We deal with 36 third-party companies for data analytics and reporting in general. We have a content creation team for profiles, marketing, and ad copies as well as offline marketing. Many of our clients work with us on both the marketing and IT services end.
Hamad A. Al Saleh
Our niche is software development, which we do in-house with our project management teams in Saudi Arabia and Egypt, as well as with developers in Poland and Belarus. We strive to localize software projects, focusing on our own programs and concepts. One of these concepts is Vega, the first and only business management software in the entire Middle East. Vega works to automate and transform businesses and governments, making them more integrated. In a simple way, it means you can go to government portals to fill out applications that take you through certain steps. As you go, you may need to secure approvals or be redirected to other ministries before coming back to the main part, while with Vega all processes are digitized and integrated. A second project is Bravo, which functions like business process management, but offers solutions for automating field work. Bravo offers an end-to-end solution for the whole inspection cycle—from planning to site visits, uploading reports, fines, and tickets.
Founder & Managing Director, LABS
Logical Applications for Business Solutions (LABS) is a professional services company serving a wide range of companies starting from small, up to mid-sized and large enterprises mostly in KSA but also throughout the MENA region. Through generous human capital and financial investments, LABS always aims to exceed its customers' expectations. These targeted enterprises are willing to hire us for professional services because of the high level of professionalism, trustworthiness, and quality we offer, which none of our competition can replicate. LABS is part of Halawani Group Holding, a respected group in the Saudi market with an excellent reputation and connection to the business world, a strong financial backbone, and experienced managerial staff and technical and functional consultants. LABS was established in 2013 with merely 10 employees and now has more than 100 consultants in various domains.
Loai Saleh Labani
Innosoft is a software house with its main headquarters in Khobar and a branch in Riyadh. Since it started in 2011, the company has been named one of the most successful businesses in Saudi Arabia by Forbes. We were funded by Aramco's entrepreneurship center in 2013. In 2015, the chamber of commerce recognized us as one of the top businesses in the eastern province, and in 2018, Aramco did too. As a software house, we believe in optimization and process improvement. Thus, we are proud to offer our technology-based services to private and government sectors. Recently, certain government bodies have achieved about 80% of business automation and digitalization as part of their effort to become branch-free service providers. We have achieved an advanced level to be a tech-based government, and there's still an exciting journey ahead of us. One of the NTP's many objectives is to develop smart government transactions based on a common infrastructure, of which we play a major part.