Riyadh: The Small and Medium Enterprises General Authority (Monsha'at) celebrated the graduation of 33 startups specializing in artificial intelligence as part of the first cohort of its AI incubator program. The event was held at the SMEs Support Center in Riyadh, focusing on encouraging innovation, adopting advanced technical solutions, and sustainably increasing local content in the AI sector.

According to Saudi Press Agency, the program is an advanced incubator dedicated to AI-driven ventures. It operates through a strategic partnership with the National Technology Development Program (NTDP), designed to support the development of AI products and their market growth.

Over the course of six months, Monsha'at provided participants with a comprehensive package of services and development initiatives to strengthen their entrepreneurial capabilities, covering several stages from ideation to market entry.

The participating startups represented eight sectors: enterprise and business solutions, healthcare, heritage, culture and tourism, financial technology and trading, infrastructure and logistics, entrepreneurship enablement, e-commerce, and education and development.