The Small and Medium Enterprises General Authority “Monsha’at” announced the launch of the Entrepreneurship Acceleration Program in Riyadh Region, in cooperation with the Riyadh Region Emirate and the Massachusetts Institute of Technology (MIT).

The program aims to develop an innovation-driven entrepreneurship strategy for Riyadh Region by identifying the key strengths and weaknesses of the ecosystem and building pivotal initiatives that contribute to developing the region’s innovation-driven entrepreneurship environment, with an impact on the growth of the entrepreneurial environment that achieves economic and social progress for the region. This takes place under the supervision of MIT experts in stimulating regional action, in accordance with global best practices, through cooperation with the other participating countries. The program’s four stages extend over two years, during which the participating teams hold specialized workshops on the analysis and implementation of the agreed initiatives.

The program has seen the participation of several regions around the Kingdom in its previous cohorts, including Makkah Region, Al-Madinah Al-Munawwarah Region, Hail Region, and the Eastern Province, which produced many initiatives that contributed to developing the entrepreneurship ecosystem in the participating regions.