May 23, 2024

InspireU By stc Partners With Business France Boosting Entrepreneurship

The strategic partnership aims to foster innovation and strengthen the startup ecosystem in Saudi Arabia and France
The MoU represents the shared vision of the two organizations to build a thriving ecosystem for startups. Image Courtesy: stc

inspireU from stc, the leading corporate accelerator in the region, has signed a landmark Memorandum of Understanding (MoU) with Business France, the national agency supporting the international development of the French economy.

Industry sources added that this strategic partnership permits to fostering of innovation and strengthening the startup ecosystem in Saudi Arabia and France. 

This MoU was signed during the prestigious LEAP24 event in the presence of high-profile dignitaries from both countries. Including H.R.H. the Chairman of the Board of stc Group, H.E. The Saudi Minister of Investment, H.E. The French Minister Delegate of Foreign Trade and Economic Attractiveness, H.E. The Ambassador of France to KSA, The Group CEO of stc, and the CEO of Business France. This marks a new era of bilateral cooperation between Saudi Arabia and France in digital innovation and economic development.  

Industry sources added that through this agreement, inspireU and Business France will work closely to empower entrepreneurs and promote the growth of competitive startups in Saudi Arabia and France. The partnership will facilitate knowledge sharing, enable new opportunities for collaboration, and ultimately contribute to the digital transformation of both countries.  

The MoU represents the shared vision of the two organizations to build a thriving ecosystem for startups. By combining their expertise and networks, inspireU and Business France aim to equip entrepreneurs with the tools and resources needed to establish and scale innovative businesses.

This collaboration will be ongoing with the launch of the 11th intake of inspireU from stc’s general program, which is available for all digital startups around the world in their early stages to apply.


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