RIYADH: The initiatives center at the Prince Mohammed bin Salman bin Abdul Aziz Foundation (Misk) concluded the second edition of its Misk 500 Accelerator on Tuesday.
The accelerator was organized by the Misk Innovation Initiative to encourage startups, empower entrepreneurs, and to serve and support promising businesses in the Middle East and North Africa (MENA) region. It included a three-month integrated support program for entrepreneurs, supervised by a group of mentors and international experts, with a series of workshops and training sessions, under which people discovered the strengths and weaknesses in their projects.
All those who joined the program will receive SR187,000 ($50,000), provided that their project met the preconditions of having a qualified team and a product in the field of technology or other related area ready to market. The Misk Innovation Initiative aims to raise the level of professional qualification and skills for young people, enabling them to create successful projects.
Misk has launched several programs to encourage Saudis to hone their talents and contribute to the economy of the Kingdom. One of those initiatives was launched on Tuesday in partnership with the Qiddiya Investment Co. The program will run for 28 weeks, and will provide trainees with an opportunity to work alongside senior team members in many fields, preparing them for large-scale uplift projects.