Jeddah Hosts Launch of Innovative Business Model Selection Tool for Entrepreneurs


In Jeddah, a groundbreaking smart tool designed to aid both male and female entrepreneurs in exploring over 50 innovative business methodologies has been unveiled. The launch took place during the Jeddah Forum for the National Business Innovation System, an event organized by the Small and Medium Enterprises General Authority (Monsha’at) in conjunction with the Global Entrepreneurship Week at Dar Al-Hekma University. This year, the Global Entrepreneurship Week is celebrated globally from November 13 to 19.

The forum’s opening session, which drew significant attention, was graced by the presence of Eng. Abdul Majeed Al-Omrani, Director General of Innovation at Monsha’at, and Dr. Abeer Al-Deghaither, President of Dar Al-Hekma University. The three-day forum has attracted more than 20 government and private entities, all keen on providing services and opportunities to Saudi innovative firms. Additionally, the event features participation from prominent experts and specialists from the American Global Innovation Institute.

This smart tool is acclaimed for its global and local applications, marking a significant advancement in the realm of digital government services worldwide. It stands as one of the innovative services offered by Monsha’at’s Fikra Commercial Innovation System Portal. The development and programming of this tool were undertaken by the project activation team of the National Business Innovation System, falling under the initiatives of the National Transformation Program.

The tool’s introduction marks a significant milestone in empowering entrepreneurs with the latest in business model innovation, reflecting a strong commitment to fostering an environment conducive to commercial creativity and innovation. This initiative represents a significant step forward in Saudi Arabia’s ongoing efforts to support and enhance the entrepreneurial ecosystem, aligning with the broader objectives of the National Transformation Program.

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