The Small and Medium Enterprises General Authority “Monsha’at” celebrated the graduation of the first cohort of the University Startup Capacity Development Program at Imam Mohammad Ibn Saud Islamic University, in the presence of His Excellency the President of the University, Professor Ahmed bin Salem Al-Amri, and the Vice Governor of the Entrepreneurship Sector at Monsha’at, Saud bin Khalid Alsabhan.
The program, launched by Monsha’at, aims to provide support to university projects and enable them to strengthen their capabilities, expand their growth, and contribute to turning them into startups, in addition to spreading the culture of entrepreneurship among students and in the university community.
The participating entities showcased 25 university projects in the presence and with the participation of a group of owner investors, financing entities, and providers of development services for the participating projects. The program aims to develop the culture of entrepreneurship and self-employment among university students by offering a package of integrated services across the program’s multiple stages, and by working through 3 university incubators in Riyadh, Qassim, and Al-Ahsa.
The program offers a set of programs and services to new startups and owners of prototypes, with the aim of supporting and developing them until they become successful companies over 6 months for each incubator, through workshops, guidance sessions, and a set of financing solutions, in addition to providing the opportunity to connect with investors and financing entities and holding enrichment meetings with successful entrepreneurs, experts, and investors.