Important Facts of the News

• Monsha’at and Standard Chartered Bank signed an MoU.
• The partnership was announced during the Biban Forum 2025 in Riyadh.
• The initiative is called “Futuremakers Women in Tech Saudi Arabia.”
• The program supports female founders of tech-based startups.
• This is the third edition of the accelerator in the Kingdom.
• The initiative aims to promote gender diversity in Saudi’s tech sector.
• The event took place from November 5-8 at Riyadh Front Exhibition and Conference Center.

Monsha’at Partners with Standard Chartered for Women in Tech

An agreement was recently formalised between the Saudi Arabia office of Standard Chartered Bank and the Small and Medium Enterprises General Authority, better known as Monsha’at. The MoU was signed during the Biban Forum 2025, running from November 5 to 8 at the Riyadh Front Exhibition and Conference Center, under the central theme of “A Global Destination for Opportunities.”

Empowering Saudi Women in the Tech Sector

The memorandum lays the foundation for collaboration on the “Futuremakers Women in Tech Saudi Arabia” accelerator. This global initiative is dedicated to supporting ambitious women entrepreneurs who are either leading tech-driven startups or building enterprises empowered by technology.

With the programme now entering its third cycle in Saudi Arabia, it underscores a commitment to expand opportunities for women in one of the fastest-growing sectors in the country. The initiative aligns with broader national objectives to enhance gender diversity, drive economic participation, and support the growth of a sustainable entrepreneurial culture.

Building an Inclusive Startup Ecosystem

As technology becomes increasingly central to business innovation, the initiative aims to ensure that Saudi women are at the forefront of this movement. By offering mentorship, resources, and access to networks, the accelerator seeks to bridge gender gaps in the tech ecosystem and help female founders turn their innovative ideas into scalable ventures.

The collaboration reflects a shared vision by Monsha’at and Standard Chartered to foster a startup environment that is inclusive and reflective of societal progress, particularly in supporting gender equity in business and technology.

Conclusion

The third edition of the Futuremakers Women in Tech initiative cements its role as a key platform in Saudi Arabia for fostering female talent in STEM fields. The strategic MoU between Monsha’at and Standard Chartered is likely to provide a fresh boost to women’s entrepreneurship, inspiring more innovation and leadership in the Kingdom’s digital economy.