The programme supported artificial intelligence startups across eight sectors through a six-month incubation initiative.
The Small and Medium Enterprises General Authority (Monsha’at) celebrated the graduation of 33 artificial intelligence-focused startups from the first cohort of its AI incubator programme at the SMEs Support Centre in Riyadh. The initiative was established to encourage innovation, support the adoption of advanced technologies, and increase local content within the artificial intelligence sector.
The AI incubator programme was implemented through a strategic partnership between Monsha’at and the National Technology Development Program (NTDP). The programme focused on supporting the development of AI products and facilitating their growth in the market.
Over a six-month period, participating startups received a range of development services and entrepreneurial support designed to strengthen their capabilities from the ideation stage through to market entry.
The 33 startups represented eight sectors: enterprise and business solutions, healthcare, heritage, culture and tourism, financial technology and trading, infrastructure and logistics, entrepreneurship enablement, e-commerce, and education and development.
Source: Saudi Press Agency (SPA)
