"Monsha'at" Honors the Winners of the National Commercial Innovation System Fellowship Program
The Small and Medium Enterprises General Authority "Monsha'at" honored 22 innovative enterprises at the conclusion of the "National Commercial Innovation System Fellowship" program, with financial awards reaching up to 200,000 riyals. This program aims to support small and medium enterprises to effectively provide innovation support services, thereby contributing to the growth of entrepreneurial projects in the field. The "National Commercial Innovation System Fellowship" program, launched by "Monsha'at" in partnership with the Research, Development and Innovation Authority, is dedicated to providing a package of services and programs for enterprises specialized in the field, to contribute to supporting their projects and products in commercial innovation. Candidates in the program received training programs and consultations from experts to support them in preparing their graduation projects. These projects were judged by representatives from "Monsha'at," the Research, Development, and Innovation Authority, and inspireU, a company affiliated with STC, to nominate the winners. Additionally, the Authority concluded the Innovation Week with a package of events held across several regions of the Kingdom, including the SMEs Support Center in Riyadh, Jeddah, Al-Khobar and Madinah, in cooperation with more than 70 governmental and private entities. The Innovation Week also included the announcement of the "Intellectual Property Commercialization Guide," which aims to support entrepreneurs and provide them with the most important practices needed to manage and protect their innovations and turn them into promising commercial projects.
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