What is the Goal of the Manshaat Business Accelerator Program?

The Manshaat Business Accelerator Program, launched by “Monsha’at” in January 2017, aims to foster the growth and expansion of startups and entrepreneurial companies within Saudi Arabia. This initiative, in partnership with both the public and private sectors, is designed to provide a significant boost to businesses at various stages of development. The program is especially beneficial for startup owners, prototype owners, and entities licensed by Monsha’at, offering them a pathway to success through a comprehensive support system.

Objectives of the Program

The primary goals of the Manshaat Business Accelerator Program are multifaceted, focusing on enhancing the startup ecosystem and contributing to the broader economy. These objectives include:

1. Establishing Robust Startups: The program aims to nurture capable and sustainable startups that can make a significant impact on the Saudi economy.
2. Increasing GDP Contribution: One of the key targets is to raise the GDP share of small and medium-sized enterprises (SMEs) from the current 20% to 35%.
3. Empowering SMEs: The program empowers SMEs across various fields by providing essential resources and support.
4. Enhancing Business Accelerator Sector: Implementing best international practices, the program seeks to elevate the standard of business accelerators in Saudi Arabia.
5. Providing Investment Opportunities: By connecting startups with potential investors, the program helps secure necessary funding for growth and development.

Benefits of Participation

The Manshaat Business Accelerator Program offers a range of benefits designed to support startups through their critical early stages. These include:

• Advisory and Developmental Sessions: Access to expert advice and developmental guidance.
• Weekly Workshops: Regular workshops to build skills and knowledge.
• Dedicated Workspace: High-quality workspaces tailored for startups.
• Networking Opportunities: Connections with potential investors and industry leaders.

Requirements and Access

The requirements for participation vary depending on the specific accelerator program. However, the general process to access the program includes:

1. Application: Interested parties can apply through the registration link provided by Monsha’at.
2. Document Submission: Upload all necessary documents as part of the application process.
3. Evaluation and Selection: Applications are reviewed, and selected candidates are invited for interviews.
4. Final Selection: The final list of participants is announced after the interview process.

Achievements of Previous Monsha’at Accelerators

Monsha’at has successfully organized numerous business acceleration programs, achieving impressive results:

• Over 260 Beneficiary Startups: A significant number of startups have benefited from the program.
• 19 Business Acceleration Programs: Diverse programs have been conducted to cater to various industries.
• Investments Exceeding 100 Million Riyals: The programs have facilitated substantial investment into the startup ecosystem.

Notable Accelerators

Some of the noteworthy accelerator programs launched by Monsha’at include:

• E-Commerce Accelerator
• Misk Innovation Accelerator
• Fintech Accelerator
• Dates Business Accelerator
• Education Technologies Accelerator
• Entertainment Business Accelerator
• Women’s Business Accelerator
• Technology Pioneers Accelerator
• Health Care Accelerator

Contact Information

For more details or to apply, interested individuals can reach out via:

• Contact Number: 8003018888
• Contact Email: Info@monshaat.gov.sa

The Manshaat Business Accelerator Program represents a strategic initiative to support and scale startups, ensuring their vital role in economic development and enhancing the entrepreneurial landscape in Saudi Arabia. Don’t hesitate, join the Business Accelerators program now and give your enterprise the opportunity to succeed and grow.