Third edition of Misk 500 Accelerator Program launched

Updated 30 November 2019

Third edition of Misk 500 Accelerator Program launched

  • It includes a series of workshops and training sessions

RIYADH: The Initiatives Center at the Prince Mohammed bin Salman bin Abdul Aziz (Misk) announced the launching of the third edition of Misk 500 Accelerator Program to serve and support promising businesses in the MENA region as part of its efforts to support entrepreneurship.
Misk 500 is organized in partnership with “500 Startups,” an early-stage venture fund that includes the best capital firms to stimulate the emerging businesses sector and empower entrepreneurs.
The accelerator presents an integrated support program for entrepreneurs under the supervision of a group of international mentors and experts.
It includes a series of workshops and training sessions, during which experts will closely work with participants to identify the strong points and elements of success of their projects, develop them and strengthen them so they can overcome the difficulties and obstacles they might face in their early stages.
All projects participating in Misk 500 will receive SR187,000 ($50,000) as long as they meet the necessary conditions such as having a qualified team to manage the projects and having a product in technology or a related field ready to be introduced to the market.


‘Wusool’ transport program benefits 60,000 Saudi women

Updated 20 February 2020

‘Wusool’ transport program benefits 60,000 Saudi women

RIYADH: Over 60,000 Saudi female employees have benefited from Wusool, a female transportation program that helps ease their daily commute.

The program aims to find solutions that reduce the burden of transportation costs for Saudi female workers in the private sector by providing them with subsidies from the Human Resources Development Fund (HRDF) for high-quality, safe and secure transportation services to and from the workplace, partnering with taxi companies through licensed smart apps.

The program aims to increase the participation of women in the labor market and increase job stability. 

The HRDF said it made amendments and updates to Wusool to ensure that the largest number of applicants benefitted from it. This comes as part of the HRDF’s support for women working in the private sector.

The procedures included amendments to the terms of enrollment in the program, including the requirement to be registered under the General Organization for Social Insurance (GOSI), where the employee should be registered for less than 36 months, and her monthly salary should not exceed SR8,000 ($2,132). SPA Riyadh

The amendments also included a fixed monthly financial support provided by HRDF, covering 80 percent of the cost at a maximum of SR800 per month, in addition to the cancelation of the previously planned financial participation of SR200, and extending the support period to 12 months.

Women working in the private sector can register for the Wusool program by visiting http://wusool.sa.