The General Authority for Small and Medium Enterprises, or Monshaat, has become the official government partner of the MIT Enterprise Forum’s Arab Startup Competition.
The partnership is in line with the authority’s “mission to support the growth and competitiveness of SMEs by incubating a supportive environment,” it said in a statement.
The seven-month competition, which includes regional roadshows and a final event in March, is organized by the Community Jameel and Bab Rizq Jameel.
“Previous collaborations between Monshaat and Community Jameel Saudi covered several areas, including developing the financing programs, supporting employment opportunities, and providing digital solutions for entrepreneurs,” deputy governor at Monshaat Saleh Althukair said.
The series of road shows, held across the Kingdom and other major Arab cities, will end in November, and winners will be announced in March next year at a conference in Madinah.