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We serve your idea and advance your project

The Innovation Center's services help you transform your idea into a growth-ready project. Technical support, consultations, tools, and practical experience are all available under one roof.
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FAQs

The Innovation Center is one of the innovation centers affiliated with the General Authority for Small and Medium Enterprises (Monsha'at) to stimulate innovation and technology adoption. These centers are located in various cities across Saudi Arabia, serving all regions of the Kingdom. The center's mission is to empower startups and small and medium enterprises to operate and utilize innovations in data science, artificial intelligence, the Internet of Things, and cybersecurity.

Established in 2016, the General Authority for Small and Medium Enterprises (Monsha’at) aims to organize, support, and develop the SME sector in the Kingdom in accordance with global best practices. Its primary goal is to raise the productivity of these enterprises and increase their contribution to the GDP from 20% to 35% by 2030. Monsha’at works to foster a culture of entrepreneurship and innovation, diversify financial support sources, and stimulate venture capital initiatives. It sets policies and standards for SME financing while providing administrative and technical support to enhance capabilities in management, marketing, human resources, and finance. Furthermore, the Authority supports the creation of specialized financing companies and encourages banks to play a more effective role in funding SMEs. It establishes comprehensive service centers to streamline regulatory requirements through digital and physical collaboration with public and private entities. Monsha’at is also dedicated to removing administrative, regulatory, and technical obstacles facing SMEs. It establishes business and technology incubators, creates investment opportunities, and facilitates technology transfer and localization to improve performance and supply chains.

No, we specialize in enhancing skills and talents in Data Science, Artificial Intelligence, and technology in general. However, we can coordinate with our partners from incubators and accelerators in some cases to provide administrative consultations.

No, there are no fees for that. However, the center's management will internally prioritize usage requests based on their importance.

The center serves the entire Kingdom. While the majority of our activities will be held at our locations in Riyadh and Khobar, some major events will be organized in other cities for wider benefit. All events will also be recorded, published online, and live-streamed. Furthermore, consultations can be obtained from anywhere in the Kingdom via online chat.

The Innovation Center prides itself on its deep expertise in developing localized content specifically customized for our beneficiaries. In some cases, we collaborate with partners to develop specialized content that falls outside the center's core areas.

Yes, the center is open to everyone. However, to fulfill our mission of developing enterprises, we prioritize startups, followed by small and medium-sized enterprises (SMEs), in cases of high demand.
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