Established in 2016, BIAC is a subsidiary of the Saudi development and technical investment company (TAQNIA) which was established by royal decree No. M47 on 20/7/1432H.

The Business Incubators and accelerators company “BIAC” focuses on setup, operation, maintenance and management of business incubators and accelerators as well as entrepreneurship support platforms, innovation programs, and technology transfer. BIAC provides project management services, specialized consultations, and training services to enhance human resource capabilities.

BIAC seeks to contribute to the growth and development of the innovation and entrepreneurship environment and to support emerging technology companies, in line with the vision of the Kingdom 2030 and its objectives which include supporting entrepreneurship and small and medium enterprises and increasing their contribution to GDP.