Fuel

Fuel — VC Fund Co-Investment

Supports Saudi deep-tech fund managers through co-investment with national venture resources.

Fuel is a co-investment program administered by Saudi Arabia's National Technology Development Program (NTDP) in partnership with Saudi Venture Capital (SVC), designed to mobilize VC fund capital into Saudi-based deep-tech and emerging-tech startups. The program covers the full startup lifecycle from pre-seed through pre-IPO, targeting eight priority technology sectors including quantum computing, biotechnology, open radio access networks (ORAN), space technology, mobility, smart cities, and generative AI.

Applications are submitted first through the NTDP portal at ntdp.gov.sa/fuel, after which applicants complete registration and undergo review on the SVC platform at svc.com.sa. The applicant in this program is a VC fund, not an individual startup; co-investment capital flows through SVC into qualifying funds that back Saudi deep-tech portfolios. Specific co-investment ratios, per-fund ticket sizes, and portfolio composition requirements are not published on the NTDP product page and reside within the SVC evaluation framework. Apply Now was confirmed active as of May 2026.

Fuel suits VC fund managers investing in Saudi Arabia's emerging technology ecosystem who are seeking government co-investment leverage. Because award amounts and eligibility specifics are not publicly disclosed on the NTDP product page, applicants should engage SVC directly for term details before committing to an application cycle.