The Small and Medium Enterprises General Authority “Monsha’at” announced the launch of the sixth edition of the Ebtker Award, which aims to spread the culture of innovation, encourage enterprises to adopt ideas, and raise awareness of the importance of innovation among enterprises in the Kingdom, by developing the capabilities of the entrepreneurs who own these enterprises, supporting and training them, offering cash prizes, and connecting them with investors interested in the field.
The award’s activities will be held in Riyadh and will include a 5-day training camp with training programs and workshops for enterprise owners, during which they will receive consultations from experts in key fields and promote their enterprises, helping them reach a wider group of investors.
Of the applicant enterprises, 30 will qualify for the training camp stage for a chance to advance to the final stage of the award, where 6 winners will receive cash prizes totaling SAR 300,000, in addition to qualifying directly for the finals of the Entrepreneurship World Cup, which brings together entrepreneurs from more than 100 countries around the world. The winners will also earn the title of the most innovative enterprises in the Kingdom for 2025.
In its previous edition, the award held 15 training workshops delivered by a group of experts in various fields, along with more than 40 tailored guidance sessions for each enterprise and 3 side events to strengthen networking among participants. The judging panel included 8 experts in finance, entrepreneurship, and innovation, along with 11 expert trainers in different fields.
Monsha’at invites entrepreneurs and owners of innovative SMEs that have adopted an emerging technology or an innovation in their products and services to apply for the Ebtker Award.