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Fuel

Fuel — VC Fund Co-Investment

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

OpenNational Technology Development ProgramSaudi Arabia
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About

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,…

What this grant funds

Co-investment support for VC funds backing Saudi deep-tech and emerging-tech startups across quantum computing, biotech, ORAN, space, mobility, smart cities, and generative AI from pre-seed to pre-IPO.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Timeline

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Last verified: 22 Jul 2026Source: ntdp.gov.sa