The General Authority for Small and Medium Enterprises, known as ‘Monsha’at’, has recently introduced a guide for the establishment of commercial innovation centers. This initiative was unveiled during a gathering at the Digital Entrepreneurship Center ‘Coded’.
The guide primarily aims to assist entrepreneurs and owners of small and medium-sized enterprises (SMEs) in comprehending the necessary steps to create innovation centers. Such centers are pivotal in enhancing the capital of start-up companies and stimulating innovators to invest in their entrepreneurial ventures. Additionally, they play a role in offering innovative products and solutions that contribute to solving challenges faced by beneficiaries.
Included within the guide is a collection of success stories from local and global entities in the field of innovation center creation. These anecdotes demonstrate how innovation centers have been instrumental in the foundation of start-up companies and their entry into the market. This process has a knock-on effect of generating new job opportunities by providing the essential tools, technologies, training, development, and expert advice and guidance.
RelatedNews
Those interested in leveraging the services offered can visit the website of the national commercial innovation ecosystem ‘Fikra’ to gain more insights.
