Small and medium-sized enterprises (SMEs) that hold intellectual property (IP) rights can increase their economic value by up to 65% compared to those without, according to Abdulaziz bin Mohammed Al-Swailem, chief executive of the Saudi Authority for Intellectual Property.

Speaking during a dialogue session at “Innovation Week,” Al-Swailem said the investment attractiveness of SMEs rises significantly when they own IP assets. Companies with a registered patent can see their appeal increase fivefold, while those with a trademark may experience a sixfold rise. Firms that combine both can boost their investment appeal by up to ten times.

The event, organized by the General Authority for Small and Medium Enterprises (Monshaat), concluded on April 26 and was held in partnership with the Research, Development and Innovation Authority, King Abdulaziz City for Science and Technology, and SAIP. It coincided with World Intellectual Property Day.

Al-Swailem noted a marked increase in IP awareness across the kingdom, rising from 52% in 2018 to more than 70% currently. Compliance levels have also improved, climbing from 54% to 71%, reflecting a broader understanding of the importance of protecting intellectual property rights.

He added that intellectual property has become a key economic pillar, supporting the establishment of new businesses and enabling SMEs to enhance their value and expand into regional and international markets.

“Innovation Week” featured nine dialogue sessions and 51 entrepreneurial meetings, alongside more than 1,380 advisory sessions. The event brought together 72 participants from the public and private sectors and attracted over 2,345 entrepreneurs and individuals interested in innovation.

The initiative forms part of Monshaat’s ongoing efforts to support entrepreneurs and unlock high-quality investment opportunities in emerging sectors, contributing to SME growth and aligning with the objectives of Saudi Vision 2030.