INCUBATION PERIOD

10 Months

TOTAL PRIZES

65,000
Savola Program Eligibility Criteria:
The project must have a social and environmental dimension.
The project must have a commercial record.
Achieve sales of at least 5,000.

Savola Program 2024 Winning Projects:

Eco Stream
EcoStream is a company with a progressive vision to revolutionize water conservation through innovative technology. The team, made up of experts in engineering and artificial intelligence, is focused on developing cutting-edge solutions to address the challenges of global water scarcity. Their flagship product, the smart water-saving tap, integrates real-time AI analysis with retrofit design to provide precise water flow control and maximize conservation.
EcoStream's mission is to address the pressing problem of water waste by offering smart and efficient products that reduce water consumption and reduce utility costs.
2. Portable Power Station
The Second Life Lithium Battery Project is a two-year initiative that aims to reuse spent lithium batteries to create mobile power banks for use in renewable energy applications such as low-cost solar energy storage. The project addresses the problem of battery disposal and its high recycling costs, and contributes to reducing the environmental impact. The target market includes products used for road trips and solar energy storage locally and globally. The project relies on saving significant costs by recycling batteries at a much lower cost than new.
3. Nakhlawi
Nakhlawi is an innovative platform that connects farm owners who are unable to manage their farms, especially abandoned, with experienced farmers who have the time and ability to take over farm management. The Nakhlawi platform contributes significantly to environmental sustainability by reviving neglected farms and enhancing agricultural productivity. The application helps to establish fruitful partnerships between landowners and farmers, enhancing the value of agricultural land and preserving agricultural heritage.
Savola Incubation Program 2024 Timeline:

March - April

Validation of the idea and business model.
Problem and solution fit, market research, and business model.

May - July

Development of the minimum product and prototypes.
Minimum Viable Product (MVP), development, and iterative testing.

August - October

Go-to-market strategy and pilot testing.
Customer segmentation, pricing strategy, and pilot testing.

November - December

Preparation for sales and initial expansion.
Sales execution, customer acquisition, and initial revenue generation.