MIT REAP Team Al Madinah’s regional focus is on Al Madinah municipality, which is a city of Hejaz and the capital of the Al Madinah area of Saudi Arabia. The team has strong university stakeholders, including, the University of Umm and KAUST University.

Team Members

University
Government
Corporate
Risk Capital
Entrepreneur

Innovation Ecosystem Stakeholder Model

Ahmad A. Mahayri
Champion
CEO, Co-Founder, Namaa Al Munawara; Member of Board, Advisor to the Governor
Nabeel Koshak
Champion
VP, UQU & Vice Chairman, MTVC, Umm AlQura
Osama Alamri
CEO, Makkah Techno Valley Company
Ahmed Alawadi
VP, Namaa Al Munawara; Entrepreneur
Najm Alhemsi
Entrepreneurship Programs Senior Manager, SMEA
Abdulkarim Alnujaidi
Director General, Human Resources Development Fund
Ahmad Alowfi
Director, Al Munawara Accelerator
Abdullah Alrekhais
Chairman, NDP
Amal Dokhan
Startup Accelerator Co-Director & Program Development Manager, KAUST
Fadi Hammad
Vice Governor, Job Creation and Employment Commision
Yousef Raffa
VP, NM & Entrepreneur, Namaa Al Munawara
Moaz Mojaddidi
Dean, Taibah University
Mujahid Qari
Acting CEO, Namaa Al Munawara

Team Strategy

  • Challenge & Opportunity:
  • Strategy & Action
      • Region of focus: Al Madinah municipality, which is a city of Hejaz and the capital of the Al Madinah area of Saudi Arabia.
      • Comparative advantage:
        • Strong expertise in oil and industrial processes.
      • Core Challenges:
        • Dependency on the oil industry
        • Lack of entrepreneurial and community engagement
        • “Build it and they will come” mentality
        • Lack of awareness about entrepreneurship and entrepreneurship education among young people
        • Existing SMEs are traditional and don’t utilize the latest technologies
      • Stakeholder Insight:
        • Decided to partner with the University of Science and Technology located in Thuwal, which is a village located in the Jeddah governorate of the Makkah Province of Saudi Arabia.
        • Added their first female member to the team during AP1.
        • National Human Resource Development fund providing funding for pre-accelerator project (Dr. Abdulkareem Alnujaidi)
        • University of Umm AlQura coordinating pre-accelerator mentorship and coaching
        • KAUST University providing the content and programing for the pre-accelerator (Amal Dokhan)
  • Strategic Interventions:
    • Built co-working space to serve regional creatives and entrepreneurs, with an initial focus on religious tourism
    • Launched annual AlMunawara Entrepreneurship Conference (2016)
    • Established pre-accelerator (3 months) for female entrepreneurs – 560 participants, 13,000 training hours, resulting in 43+ companies generating revenue (2016)
      • Launched Branding Hackathon (April 2016) – 90 participants, focused on logo/identify, story/content, and packaging for the female founded companies
    • Establishing an accelerator (3-6 months) AlMunawara Accelerator Program (MAP) to educate and encourage entrepreneurs through mentorship, marketing assistance, coaching, training, team building, funding and prototyping spaces. Accelerator tracks for religious tourism focused on:
      • Food & Beverage
      • Retail
      • E-commerce
      • Design Innovation: new products for the religious sector
    • Team Final Report

 

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Core Regional Metrics

Economic & Social Progress

Social progress and economic prosperity as a collective measure of development in a region.

Innovation-Driven Entrepreneurial Ecosystem

Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.

 

Coming soon!

Innovation Capacity

Ability to develop new to the world innovations from inception through to the market.

EXPAND ALL

Performance

Funding

-Funding for research
-Government programs

Demand

-Nature of established companies in region

People

Coming soon!

Policy

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Entrepreneurial Capacity

Ability to start and build new to the world businesses from inception to maturity.

EXPAND ALL

Policy

-New business creation policy
-Business law and business policy

Demand

-Government, corporate and consumer demand for new products and services

People

Coming soon!

Performance

Coming soon!

Funding

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!