500 Startups and Misk Innovation partnered to launch an accelerator program for entrepreneurism which is designed to refine job finding and boost GDP.
“We are working in establishments to prepare, implement and support programs and projects to spread the culture and thought of entrepreneurship, entrepreneurial spirit, entrepreneurship and innovation,” Deputy Governor of 500 Startups Essam Bin Saleh Al Dhokair said.
Misk Innovation has previously signed a partnership agreement with 500 Startups, which over the past eight years helped establish 2,000 new companies in 60 countries around the world.
Misk Innovation is a branch of the non-profit Misk Foundation, founded by Crown Prince Mohammed bin Salman to encourage learning and develop leadership skills among young people.
The agreement is an opportunity for both parties to create a conducive environment for entrepreneurship to ensure that talented people are discovered and successful companies are created with innovative business models and connected to regional and global investors.
Speaking on the occasion, Misk Innovation Executive Director Dima Al-Yehia stressed that the program is a real beginning to discover promising young talent that can lead companies capable of strengthening the economy of the future.
“The program is a real start to discover promising young talent that can lead companies capable of strengthening the economy of the future,” said Al-Yehia.
Around 500 applicants of young MENA-based companies have applied for the program, 21 of which were selected to start the program, and move forward with their emerging companies into the global business community.
Experts will provide guidance to eligible applicants. The program will also place expertise in many areas such as communications, sales and data analysis at the applicant’s disposal.
