National Entrepreneurship InstituteNational Entrepreneurship Institute

The National Entrepreneurship Institute is one of the institutes that support projects, and it is not for profit, as it specializes in helping people who want to get free work. All projects, helps them get financing, and facilitates all government procedures through a large group of specialists.

 

It is one of the independent national institutional organizations, and it is not for profit, as it was established by the initiative of the Technical and Vocational Training Corporation, as well as the Ministry of Energy, as the Basic Industries Corporation (SABIC) participated in its establishment with Saudi Aramco, as well as the Saudi Telecom Company, as well as the Alinma Bank The Private Bank for Social Development, as well as the General Organization for Vocational and Technical Training, as it is constantly keen to provide many services in order to spread the culture of training and self-employment, as well as guidance and consultancy, and it facilitates their access to finance and licenses.

 

The institute aims to achieve many goals, including:

 

Spreading the culture of entrepreneurship among the community and building positive behaviors for its practice.

 

Carrying out the development of national programs for the development and leadership of emerging and small enterprises.

 

Qualification of many human cadres who specialized in the field of entrepreneurship.

 

Empowering all specialists and entrepreneurs to follow the latest developments in the areas of entrepreneurship.

 

Providing job opportunities for young males and females for their own projects.

 

Riyada supports many projects, including:

 

Projects for the sale of electronic and electrical appliances and all plumbing tools.

 

Projects for all services for students.

 

Projects for children's clothing stores and the rest of the clothes.

 

Food projects.

 

Photography studio projects.

 

Projects for preparing parties and projects for cafes.

 

All projects for the sale of perfumes.

 

Computer software projects.

 

Gym projects.

 

There are some conditions that must be met by projects in order for Riyada to support them. The National Entrepreneurship Institute provides a dedicated program for management, as well as a special program for localization, and a program for mobile vending carts. These various projects are supported in the programs when the following conditions are met:

 

The projects should be comprehensive for the projects that the entrepreneurship program supports.

 

The value of the financing concern does not exceed one hundred thousand Saudi riyals, and this is for all the various programs, and this is with the exception of the programs for mobile vehicles for sale.

 

The project owner should have professional experience in these activities.

 

The project should be one of the projects that contribute to the economy.

 

There are several conditions that must be met by the applicant for funding, and they are as follows:

 

The applicant must have worked for a period of three months in the activity he wishes to finance, or have a specialization in the field and his professional projects,

 

That not everyone is between the demand for financing from the programs of the financing banks

 

The applicant must be free to present the project.

 

That the financial and affiliation situation allow the applicant to obtain funding.

 

The applicant for educational and medical projects should not be one of the persons who have had any judicial ruling that violates honor and honesty.

 

The applicant for Saudi finance must be of Saudi nationality, and his qualification is not less than a high school diploma.

 

The applicant must have qualifications and experience to help set up the project.

 

The age of the applicant shall not be less than twenty-one years and not more than fifty-five years.

 

The need for financing the project should not exceed three hundred thousand Saudi riyals.

 

 That employees in the military, government, and private sectors devote themselves to managing projects supported by Riyada.

 

To provide all guarantees of the amount of the loan.

 

The application forms for all programs must be filled out.

 

That all requirements related to the completion of the evaluation process that are followed in the banks be completed.

 

You can register at the National Entrepreneurship Institute in order to support projects through the following steps:

 

First, you have to click on the link to submit requests for support from Riyada.

 

You must then agree to the declaration that is at the top of the registration pages, and this is done by pressing I agree,

 

After that, you will find that the application portal has appeared in front of you. You have to choose the branches, as well as the types of support you require in order to enter the system.

 

You have to click on the send icon.

 

You can then fill in all the data that is requested in the form for registering projects related to Riyada support.

 

You then have to follow all the instructions in order to get to the registration.

 

Then you can click on the “Register” icon after making sure that all the data you have registered are correct.

 

Hence, we got acquainted with the projects that the National Entrepreneurship Institute supports, as it supports many businesses and projects in all fields, in order to raise the Saudi economy, and to employ many young people in order to reduce unemployment.