Monsha’at to support innovative agriculture, entertainment projects
The Small and Medium Enterprises General Authority (Monsha'at) is set to support innovative projects in the fields of entertainment and agriculture, Al-Riyadh newspaper reported, citing Esam Althukair, Monsha’at vice-governor for entrepreneurship.
Monsha’at will support these projects through four accelerators, he said.
Many young entrepreneurs were encouraged to apply for Monsha’at empowerment programs, in all keenness to enter venture capital projects, he noted.
Monsha’at is launching the University Startups initiative, which aims at utilizing university students’ patents, and economic and scientific innovations, he said, adding that in just seven months, 10 companies were set up from students’ patents and ideas.