January 9, 2025

Nomo Hub Announces Its Achievements for 2023

2023 was a year full of achievements and challenges. Nomo Hub is proud to have contributed to the realization of Saudi Arabia’s Vision 2030 and supported the local economy. Below are some of the key accomplishments:

-Launch of 15 startups in various fields:

  – Marketing

  – Tourism

  – Patents

  – Social investment

  – Technology

  – Supply chains

  – Human resources

– The total number of entrepreneurs benefiting from Nomo Hub’s services has exceeded 350 entrepreneurs.

– Key partnerships established during the year:

  – King Saud University

  – Protection Society (Himaya)

  – Monsha’at (Saudi Authority for SMEs)

  – EY (Ernst & Young)

  – ELS Institute

Nomo Hub’s goals for 2024:

1. Launch specialized business incubators.

2. Increase the number of incubated companies.

Namo Achievements for 2023  

Number of Participants 

15 Companies  

Sectors 

– Innovation Patents  

– Social Investment  

– Supply Chains  

– Marketing  

– Tourism  

– IoT Technology  

– Human Resources  

Number of Beneficiaries from Services  

350+ Entrepreneurs  

Companies Based on Stage 

– Pre-seed: 20%  

– Seed: 50%  

– Series A: 30%  

Number of Companies Benefiting  

– 9 Industrial Companies  

– 6 Manufacturing Companies  

Goals for 2024  

– Launch 1 specialized accelerator program  

– Increase the number of manufacturing companies to 2  

Key Partners 

– King Saud University  

– Saudi Information Technology Company (SITE)  

– ELS Institute  

– EY (Ernst & Young)  

– Dasverse Investment  

– MOIN  

Notable Achievements  

1. Launch of specialized accelerators for SMEs  

2.  incubated startups acquired  

3.  specialized training programs delivered  

4. innovative products launched to the market

Related articles