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RIYADH: Saudi Arabia’s National Technology Development Program has launched a new drive to enable technology entrepreneurs to develop, accelerate, and kick off their projects.
The MVPLab initiative aims to launch 1,000 minimum viable product prototypes with the aim of transforming them into emerging technology companies by providing financial, knowledge and guidance support to beneficiaries.
The program is aiming to provide financial incentives and benefits with a total of up to SR200 million ($53 million) over the next three years.
The initiative has also partnered with The Garage, the Center of Digital Entrepreneurship, NAMA Ventures, SEEDRA Ventures, Rawahel, and BUNAT Ventures.