The Ministry of Media, in collaboration with various partners, has launched a media business accelerator program to support entrepreneurs in the media sector. The program aims to provide resources, mentorship, and expertise exchange between Saudi Arabia and China. The initiative was announced during the Saudi-Chinese Media Entrepreneurs Forum, highlighting the importance of technological advancements in shaping the future of media industries.
Assistant Minister of Media Dr. Abdullah Al-Maghloth emphasized the significance of the partnership between Saudi Arabia and China in developing joint projects, exchanging talents, and transferring knowledge. The program, supported by eWTP Arabia Capital and other key partners, aims to foster innovation and growth in the media sector by providing startups with the necessary resources and enabling environment to expand their businesses.
Jerry Li, Managing Partner of eWTP Arabia Capital, emphasized the Chinese government’s strong support for bilateral cooperation with Saudi Arabia, especially in the technology and media sectors. The media accelerator program focuses on areas such as AI in media, digital content creation and distribution, media analytics, interactive media, and gaming, aiming to become a global leader in promoting innovation and entrepreneurship in the media industry.
The accelerator program runs for 3 to 4 months and includes 8 to 12 early-stage startups with high growth potential. The program includes mentoring, workshops, training courses, pitch days, and networking opportunities to connect startups with industry leaders, potential partners, and customers. The goal is to help startups achieve their full potential, contribute to the growth of media technology industries, and support the localization of the media industry in the Kingdom.
The Ministry of Media, led by Minister Salman Al-Dosary, views media as a fundamental element in shaping the future and enhancing cultural exchanges between nations. The partnership with eWTP Arabia Capital and other key partners reflects the commitment to fostering innovation and growth in the media sector by providing startups with the necessary support and resources to succeed in a rapidly evolving industry.
The media business accelerator marks a significant step towards promoting collaboration between Saudi Arabia and China in the field of media technology. By leveraging the strengths of both countries, the program aims to become a hub for innovation, enabling entrepreneurs to shape the future of media and contribute to the growth of media economies. The partnership between Saudi Arabia and China in developing joint projects highlights the shared commitment to advancing the media industry and supporting entrepreneurs in achieving their full potential.
