Page 26 - Ministry of Economy - December2017

12/26/2017 Ministry of Economy heads 6th meeting of Global Innovation Index Executive team | MENAFN.COM
mostly focus on small- and medium-sized enterprises (SMEs) and newly established innovative
companies. Among the most notable are the Ministry of Economy's efforts to collaborate with

concerned entities that have members on the Global Innovation Index Executive Team to
advance the ‘Young Innovative Companies' initiative.

The initiative provides support for fast-tracking the establishment of new innovative businesses
and enabling them to commence work as soon as possible. It also encourages creative
university students to transform their ideas into marketable commercial projects by providing

them with financing facilities and helping them with procedures for registering patents, licenses,
trademarks and other aspects involved in establishing and doing business.

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