Monsha’at Graduates 33 Startups from First AI Incubator Cohort in Riyadh - Indiplomacy

Summary

Monsha’at, a Saudi government authority for small and medium enterprises, has successfully graduated 33 startups from its inaugural AI incubator cohort in Riyadh. This program focused on nurturing early-stage companies specializing in artificial intelligence technologies. The initiative aims to foster innovation and entrepreneurial growth within the Kingdom's emerging tech sector. Why it matters: This milestone signifies a concrete step in Saudi Arabia's efforts to develop a robust local AI startup ecosystem and diversify its economy in line with Vision 2030.