Monsha'at Launches Sixth Edition Of Ebtker Award To Promote Innovation In Saudi Enterprises

The Small and Medium Enterprises General Authority, known as Monsha'at, has introduced the sixth edition of its Ebtker Award. This initiative aims to promote innovation within Saudi enterprises by encouraging businesses to embrace new ideas. It also seeks to enhance entrepreneurs' skills, offer financial incentives, and connect them with potential investors.

The award events will take place in Riyadh and feature a five-day training camp. This camp includes programs and workshops designed for business owners. Entrepreneurs will have the chance to consult with experts in crucial areas, promoting their businesses and expanding their reach to a wider investor audience.

From the pool of applicants, 30 enterprises will be selected for the training camp phase. These participants will then compete for a spot in the final stage of the award. Six winners will be chosen to receive a total of SAR300,000 in financial awards. Additionally, they will qualify for the Entrepreneurship World Cup finals, which gathers entrepreneurs from over 100 countries.

Winners of this edition will gain recognition as Saudi Arabia's most innovative enterprises for 2025. The previous edition included 15 workshops led by experts across various fields. Each enterprise benefited from over 40 unique mentoring sessions and participated in three additional events aimed at enhancing communication among participants.

The judging panel comprised eight specialists in finance, entrepreneurship, and innovation, along with 11 expert trainers from diverse disciplines. Monsha'at encourages innovative entrepreneurs and small to medium enterprise owners who have integrated emerging technologies or innovations into their products or services to register for the award.

Monsha'at's Ebtker Award continues to play a vital role in fostering innovation within Saudi Arabia's business landscape. By providing resources and opportunities for growth, it supports entrepreneurs in achieving greater success and recognition on both national and international stages.

With inputs from SPA