Monsha’at Launches Annual Award

General Authority for Small and Medium Enterprises “Monsha’at” launched an annual Award, under the hashtag “#Innovate”.

The award aims to spread the culture of innovation in the Kingdom and contribute to the growth of the national economy, by discovering innovation-based enterprises, encouraging them to grow and expanding, supporting and enabling them, facilitating their access to partners in the innovation system, and highlighting them locally and globally.

Monsha’at clarified, through its accounts on the social networking, the start of opening the door for registration for the award for three tracks: Innovative small, micro and medium enterprises through https://ibtkir.monsha’at.gov.sa/.

“Monsha’at” invited all innovative enterprises that meet the conditions to register for the award before the date of November 20, 2021, to compete for the title of the best innovative enterprise, in the Kingdom for the Year 2021.

Noting that the arbitration of the qualified teams will take place on December 13 and 14, 2021, during which the announcement will be made.

The authority offers a package of advantages to innovative small and micro enterprises that qualify for the final stages, such as enrolling them in the Innovative Growth Program, which aims to develop their innovations and connect them with an elite group of consultants and trainers specialized in the operational, technical, financial and other fields, within an intensive training camp, in addition to linking these enterprises with investors.

The winning enterprises in the first three places shall receive financial prizes of up to SR300,000 Saudi, in addition to the title of the best innovative facility in the Kingdom – get the opportunity to join the programs of enterprises such as smart and ambitious pioneers, in addition to qualifying for the knowledge partnership program in the aspect of research and development Provided by King Abdullah University of Science and Technology (KAUST) and other advantages that enable these facilities to connect with partners in the innovation system and to be prominent at the local and global levels.