The accelerator forms part of the CyberIC program for the development of the cybersecurity sector and is one of the principal tools by which the NCA aims to stimulate the local cybersecurity ecosystem.

The program is designed to increase the number of cybersecurity startups by linking them with investors, targeting approximately 40 startups in the field within three years.

It will provide more than SR 6.5 million ($1.7 million) in financial support for expanding companies and more than 500 hours of guidance and direction.

The accelerator aims to strengthen entrepreneurship in the Kingdom, localize cybersecurity and encourage innovative solutions to cyber challenges across a range of disciplines, including data, cloud and artificial intelligence security.

The NCA is working to attract foreign and local investors to the industry.

Its launch of the cybersecurity accelerator is made in partnership with its technical arm, the Saudi Information Technology Company, and Plug and Play, which is one of the largest technology business accelerators in the world.

Both parties will contribute to the program by helping startups during their training and providing a supportive environment throughout the program.