The Small and Medium Enterprises General Authority “Monsha’at” is offering more than 16,000 training opportunities for entrepreneurs and those interested through the Launch Door of the Biban 24 forum, which it organizes under the theme A Global Destination for Opportunities, with more than 370 meetings held across many different training fields.
The meetings offered by the Launch Door aim to build project ideas, so that visitors can prepare a business model and come away with a clear vision of their project. The beneficiary’s journey also includes learning about the innovation methodology and the strategies an entrepreneur follows during the innovation process to turn an idea into a prototype, test it, and raise its readiness to reach the market, across various sectors such as tourism, entertainment, the environment, social entrepreneurship, sports, and culture, as well as healthcare.
The visitor’s journey covers how to prepare a feasibility study for businesses and projects and explains its main features and components, in order to gauge the chances of success and draw the roadmap for the startup.
The Launch Door gives beneficiaries the opportunity to present their projects to participating financiers and business accelerators, numbering 20 accelerators and business incubators, providing them with a platform to showcase their ideas and highlight their value. Beneficiaries receive immediate, direct feedback on their projects from experts and financiers, helping them identify the project’s strengths and weaknesses.
The Launch Door also enables beneficiaries to learn about the different types of support available to them, whether financial, consultation, or technical support, according to their needs.
The Biban 24 forum will be held from November 5 to 9, 2024, at Riyadh Front Exhibition and Conference Center, with the aim of creating a stimulating environment, raising administrative, financial, and technical competencies, motivating idea owners to launch their projects, and connecting them with local and international expertise, in order to strengthen the sector, encourage a culture of innovation, and open the way into the world of business.