The Small and Medium Enterprises General Authority “Monsha’at” held in Riyadh yesterday the graduation ceremony for participants in the Educational Technologies Accelerator, which aims to found startups on sound foundations with high potential for success in the education sector, raise the contribution of the SME sector to the local economy, and provide sustainable job opportunities for Saudi youth in the field of education.
The Deputy Governor of Monsha’at for Planning and Development, Mr. Sami Al Hussaini, explained that the ceremony celebrated the graduation of 12 projects from the Educational Technologies Accelerator, after the accelerator’s journey began by researching and attracting the most creative projects and businesses specialized in educational technologies from among more than 200 projects and ideas submitted to the accelerator.
He noted that 100 teams qualified for the first stage, the idea generation camp, after which 25 ideas and projects advanced to the bootcamp stage, where they spent 5 days, before 12 ideas and projects qualified for the accelerator program, which ran over 12 weeks.
Al Hussaini emphasized Monsha’at’s keenness, since its inception, to support entrepreneurs and idea holders and motivate them to take part in building a strong and thriving economy for the Kingdom of Saudi Arabia through the minds and hands of its citizens.
The Educational Technologies Accelerator is a support platform offered by Monsha’at specialized in the education sector. It is an entity that offers intensive programs to accelerate the growth and expansion of entrepreneurial companies and startups in educational technologies within a short period by providing a package of services and resources.