Misk Innovation partners with 500 Startups to encourage entrepreneurism

Around 500 applicants of young MENA-based companies have applied for the program, 21 of which were selected to start the program. (Misk Innovation Twitter account)
Updated 28 January 2019

Misk Innovation partners with 500 Startups to encourage entrepreneurism

  • Misk Innovation has previously signed the partnership with 500Startups which has contributed in establishing 2,000 new companies in 60 countries

JEDDAH: Misk Innovation has announced that it is partnering with 500 Startups to launch an accelerator program for entrepreneurism.

The program, starting on January 27, 2019, will work on encouraging innovative ideas to help create jobs and raise the contribution of entrepreneurship to GDP, a statement on the Saudi Press Agency has said.

Around 500 applicants of young MENA-based companies have applied for the program, 21 of which were selected to start the program, and move forward with their emerging companies into the global business community.

The internet-based mobile travel app Mosafir is also a partner in the program to facilitate traveling.

Misk Innovations has previously signed the partnership with 500Startups which has contributed throughout 8 years in establishing 2,000 new companies in 60 countries around the world.

The agreement offers an important chance where both parties work on creating a stimulating environment for entrepreneurship.

Speaking on the occasion, Misk Innovation Executive Director Dima Al-Yehia stressed that the program is a real beginning to discover promising young talent that can lead companies capable of strengthening the economy of the future.

On his part, Essam Bin Saleh Al Dhokair, Deputy Governor of 500 Startups: “We are working in establishments to prepare, implement and support programs and projects to spread the culture and thought of entrepreneurship, entrepreneurial spirit, entrepreneurship and innovation.”


Saudi Shoura Council convenes session online to tackle various measures

Updated 02 June 2020

Saudi Shoura Council convenes session online to tackle various measures

RIYADH: Saudi Shoura Council Speaker Dr. Abdullah Al-Asheikh convened a session of the council online on Monday during which it approved proposals to amend and finance the system to combat terrorism, said Assistant Speaker Dr. Yahya bin Abdullah Al-Samaan.

Al-Samaan said the council also called on the General Accounting Bureau to expedite work on the recovery of state dues.

The council, he said, approved the draft system of the Tourism Development Fund.

It also called on the Ministry of Economy and Planning to publish  digital indicators for the performance of different sectors and regional sustainable development. The Shoura Council urged the ministry to release economic indicators regularly.