The Small and Medium Enterprises General Authority "Monsha’at", was established in by the Council of Ministers Resolution No. (301) dated 11/07/1437 AH, 2016 to regulate, support, and develop the SME sector in the Kingdom. It operates independently under the Ministry of Commerce and aims to increase the productivity of SMEs and raise their contribution to the GDP from 20% to 35% by 2030.
Monsha'at is dedicated to promoting entrepreneurship and innovation. It develops, implements, and supports programs and projects to foster the entrepreneurial mindset, diversify financial support for businesses, stimulate venture capital initiatives, and help enterprises enhance their operations in areas such as administration, technology, finance, marketing, and human resources.
Deem Al-Manahil Fund is a private non-profit fund established upon an initiative by Al-Manahil Company aiming at helping the Saudi woman to practice free work and owning small projects in Riyadh.
Dulani Business Center was established based on a vast accumulative experience within the Social Development Bank and, also relied on a study and analysis conducted on target segments and their needs. The Center initiated as a nucleus for business clinics within the Bank, followed by a study run by McKinsey & Company as one of the Bank’s initiatives to provide a package of non-financial services for owners of small enterprises, which range from training, consultancy, guidance and building partnerships. The Center targeting male and female entrepreneurs who own small and micro projects to help them establish and maintain their projects on modern scientific, technical, and administrative foundations.One of the Social Development Bank’s programs
Established by HRH Prince Mohammed bin Salman bin Abdulaziz in 2011, Misk Foundation is a non-profit organization devoted to cultivate and encourage learning and leadership in the youth for a better future in Saudi Arabia.
To this end, Misk gives a hand to the youth across the country by providing various means to foster, empower, and establish a healthy environment for their creative talents to grow and see the light.
The Foundation invests in empowering the youth of Saudi Arabia in two main tracks; education and entrepreneurship, and culture and the creative arts, with science and technology as a supporting field. This is intended to be accomplished by designing programs and forging partnerships with local and global organizations to reach the ultimate objective: building a society based on knowledge.
Misk pursues these goals by both designing programs and partnering with local and global organizations in diverse fields. Through an array of incubators, the Foundation invests in the intellectual capital and the capabilities of the youth of Saudi Arabia.
Endeavor is leading the global high-impact entrepreneurship movement to catalyze long-term economic growth. Since 1997, Endeavor has been selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. Through the guidance that Endeavor offers, entrepreneurs can tangibly impact their communities, generate new job opportunities, bolster their countries’ national wealth, inspire others to innovate, and contribute to private sector development. Endeavor now supports 1,840 High-Impact entrepreneurs, leading 1,178 companies in 34 emerging and growth markets around the world. Endeavor first launched in Saudi Arabia in 2012 and is leading the way in supporting high-impact entrepreneurship. Today, we support 21 Endeavor Entrepreneurs, representing 18 companies, from varying industries that have generated over 656.5 million Saudi Riyals in revenues in 2018, and created over 2034 jobs.
