Business
ZAWYA: Global tech giants join forces with Blossom Accelerator
ZAWYA: Global tech giants join forces with Blossom Accelerator
About this update from Elm Company
National initiative supported by NTDP unites NVIDIA, SDAIA, Elm and leading ecosystem partners to empower entrepreneurs, scale AI-native startups, and position Saudi Arabia as a global AI innovation hubIn a major step toward accelerating Saudi Arabia’s AI economy and entrepreneurial ecosystem, Blossom Accelerator initiative DominAite is a national AI scale accelerator designed to empower the Kingdom’s next generation of AI-native startups through strategic ecosystem collaborations with leading national and global technology players.Supported by the National Technology Development Program (NTDP), DominAite brings together an unprecedented alliance of public and private sector collaborators, including NVIDIA, SDAIA, and Elm, combining world-class infrastructure, advanced AI expertise, digital enablement, and policy alignment to support entrepreneurs building scalable AI businesses from Saudi Arabia to the world.“DominAite represents far more than a traditional accelerator program. It is a strategic AI ecosystem designed to empower ambitious founders with access to world-class infrastructure, national partnerships, advanced technical expertise, and growth opportunities that can truly scale innovation from Saudi Arabia to the global stage,” said Emon Shakoor. “By bringing together collaborators such as NVIDIA, SDAIA, and Elm, we are creating a powerful environment where entrepreneurs can build responsibly, innovate faster, and contribute directly to the Kingdom’s long-term digital transformation ambitions under Vision 2030.”The initiative comes at a time when Saudi Arabia is rapidly emerging as one of the Middle East’s fastest-growing AI and startup economies. According to recent industry projections, the Kingdom’s AI market is expected to contribute more than USD 135 billion to the national economy by 2030, accounting for nearly 12% of GDP, while Saudi Arabia’s startup ecosystem continues to witness record investment activity driven by Vision 2030, digital transformation initiatives, and increased government support for innovation and entrepreneurship.Emon added saying: “As AI adoption accelerates globally, DominAite has been created to ensure that Saudi entrepreneurs and emerging technology founders are equipped not only with funding opportunities, but also with the technical capabilities, strategic partnerships, mentorship, and market access needed to scal...