Attendance is required at the Innovative Growth Program stage for participants who qualify from the first stage, which will be held in Riyadh from February 10, 2023 to February 15, 2023.

All innovative enterprises and owners of innovative ideas are eligible to take part in the award, under the following tracks:

- Idea Stage

- Early Stage

- Growth Stage

No.

The competition will consist of 5 stages:

First stage: registration, and attracting SMEs and owners of innovative ideas.

Second stage: screening and shortlisting of the applicant innovative enterprises by the judging panel.

Third stage: enrolling the qualified innovative enterprises in the Innovative Growth Program.

Fourth stage: presentation of the qualified enterprises to the judging panel, and selection of the winners.

Final stage: the closing ceremony.

It is a small or medium enterprise that has benefited financially from adopting an innovation or an emerging technology, whether in its products and services, its business model, or its internal operations.

They are the goods, processes, or both that an entity offers, provided they are new or significantly improved and ready for use by the entity itself or by its customers.

They are promising modern technologies whose commercial and social uses and benefits continue to emerge day by day, such as artificial intelligence, cloud computing, and others.

The competition will consist of 5 stages:
First stage: registration, and attracting SMEs and owners of innovative ideas
Second stage: screening and shortlisting of the applicant innovative enterprises by the judging panel
Third stage: enrolling the qualified innovative enterprises in the Innovative Growth Program offered at the headquarters of King Abdullah University of Science and Technology (KAUST)
Fourth stage: presentation of the qualified enterprises to the judging panel, and selection of the winners
Final stage: the closing ceremony