Today, Monsha’at has launched the Promising Innovative Enterprises/Ventures program for international expansion. The program aims to facilitate the entry of local enterprises to global markets by enabling the participation of 18 Saudi startups in international exhibitions and accelerators to enhance their investment opportunities through regional and international expansion.
The first phase of the program commences with the participation of 5 innovative Saudi companies in the Global Tech Week exhibition held in the capital city of London. The exhibition showcases the latest developments and innovations in various technological fields, attracting more than 20,000 entrepreneurs, business leaders, investors, and supportive entities in the innovation sector.
The participating Saudi companies will present their business models to a group of investors and entrepreneurs to achieve the program's goals of attracting investments and forming partnerships with international entities. They will showcase their technological innovations and investment products through dedicated exhibition booths.
Among the participating companies in the exhibition are "Lendo," a platform licensed by the Saudi Central Bank, which aims to connect small and medium enterprises facing financial liquidity challenges with investors. Also participating is "Rewaa," a platform specializes in automating inventory management and sales processes for retail stores. Another participant, "Torod" is a recommendation engine that serves e-commerce and retail sectors by offering optimal shipping company suggestions based on various data handled by the system. "Ynmo" is another participating company specializing in providing technological solutions for service providers, such as teachers and specialists, in the field of special education. Lastly, "Lucidya" Technology Company which specializes in solutions for customer experience monitoring, media monitoring, and analysis.
The Promising Innovative Enterprises/Ventures program for international expansion operates through several tracks, including the inclusion of local enterprises in global accelerators and participation in international exhibitions and conferences. This contributes to connecting them with the global innovation ecosystem, enticing international investors to contribute to local enterprises. Furthermore, the program aims to raise awareness among these enterprises about international expansion opportunities.