The program aims to support and empower entrepreneurs by providing interest-free loans, innovative financial solutions, and guidance to foster the growth of emerging projects in their early stages. This journey involves a series of integrated steps, including application, evaluation, skill-based training, and then receiving funding along with one year of empowerment and guidance. This process allows entrepreneurs to confidently move to an advanced stage in developing their projects.
Alinma Bank offers this program in partnership with BIM and in collaboration with Wadi Al Athar Financial as an initiative to support and empower entrepreneurs through innovative financial and advisory solutions. This initiative addresses the developmental challenges faced by certain segments of society and aims to achieve financial inclusion for promising entrepreneurs.
Target Audience:
The program targets entrepreneurs who have demonstrated their competence in the early stages and are looking for financial and advisory support to elevate their businesses to a higher level of success and expansion:
- Entrepreneurs in the "Bridge" or "Seed" stage
- Entrepreneurs who have succeeded in the initial stages
- Startups that have proven their viability
- Emerging projects with growth and expansion potential
Application Requirements:
- Entrepreneurial Stage: The company must be a startup in the "Bridge" or "Seed" stage and have surpassed the pre-seed stage with proof of initial success.
- Business Activity: The company must have proven sales or revenue and a product or service ready for market expansion.
- Legal Registration: The company must be legally registered in the Kingdom of Saudi Arabia.
- Commitment: The applicant must fully commit to leading and developing the startup towards growth and sustainability and attend the training camp.
Required Documents:
- Pitch Deck: A presentation containing details about the product or service, market estimate, business model, and financial plan.
- Research or proof of demand for the product/service in the market or feasibility study.
- Financial Data: Profit and loss statements (P/L), cash flows (CF), and balance sheets (BS) for the past period, along with financial projections for 12-24 months.
- A detailed plan on how to utilize the interest-free loan.
- A copy of the Saudi commercial registration.
- Founders' resumes: Including their previous experiences and roles in the project.
The beneficiary's journey in the Entrepreneur Support Program
Phase One: Application
*Closing an investment round or obtaining other investments increases the chance of nomination for the second phase.
Phase Two: Nominations and Interviews
Projects undergo evaluation based on clear and objective criteria followed by personal interviews to explain and discuss plans and expansion potential.
Phase Three: Training Camp
In this phase, the entrepreneur has the opportunity to benefit from advice from global experts and consultants over three days to develop planning skills and guide the company towards financial and developmental success.
Phase Four: Funding and Launch
Upon passing the previous phases, the entrepreneur undergoes a final evaluation to obtain the interest-free loan of 200,000 SAR.
Phase Five: Continuous Follow-up and Mentorship
After funding, we continue the journey with entrepreneurs through a continuous mentorship program for one year to achieve success and sustainability.
Register now in the Amad Program to support entrepreneurs and be part of the community of entrepreneurs contributing to building a better future for businesses.