Riyadh, October 04, 2022, SPA -- The National Information Technology Development Program (NTDP) launched today “MVPlab” Initiative to support and enable innovative technology entrepreneurs to develop their projects, accelerate growth and launch technology business models, which aims to create 1,000 emerging technology companies in partnership with several partners in the entrepreneurial field. This initiative comes in a strategic partnership with the Carage, the Center of Digital Entrepreneurship (CODE), NAMA Ventures, SEEDRA Ventures, Rawahel and BUNAT Ventures. The NTDP is a national program that contributes to developing the technology ecosystem in the Kingdom and increasing its effectiveness by driving sustainable growth using different interventions and support mechanisms complementing efforts made by others stakeholders. The program also plays an essential role in enhancing all enablers that influence the technology market growth, aiming to make the Kingdom an attractive regional center for innovation and investment in the sector. --SPA 23:07 LOCAL TIME 20:07 GMT 0037 www.spa.gov.sa/w1794130