Riyadh – Sharikat Mubasher: Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) announced the graduation of 33 startups from the first cohort of its AI Incubator Program, aimed at accelerating the growth of artificial intelligence ventures across the Kingdom.

As per a recent press release, the program, hosted at Monsha’at’s support center in Riyadh, was delivered in partnership with the National Technology Development Program (NTDP).

Participating startups received access to technical mentorship, incubation facilities, specialized training, and support services valued at over SAR 150,000. The cohort included companies operating in sectors such as healthcare, HR, fintech, tourism, e-commerce, sustainability, and education.

The program concluded with a showcase event where startups presented their business models, products, and investment opportunities to investors and ecosystem stakeholders.

Monsha’at said the initiative supports the growth of AI-driven businesses, promotes innovation, and contributes to the Kingdom’s Vision 2030 objectives by strengthening the national technology ecosystem.