MIS subsidiary launches Venture Studio

Logo of Al Moammar Information Systems Co.

Al Moammar Information Systems Co. (MIS) launched Venture Studio through its 100%-owned subsidiary, MIS Forward, it said in a bourse filing today, Jan. 3.

The studio is ready to receive development and creative ideas to support entrepreneurs and owners' bold ideas.

The company's adopted methodology includes studying ideas and implementing them at a record time, starting with the preliminary analysis of the idea, as well as the needs of customers and stakeholders, in addition to the preliminary verification of the possible results of the idea.

The company will also build business models, including developing a business model, estimating the value of the expected product, making a prototype for the expected solution. It will then accomplish the idea, through several works, including identifying the required technical requirements, developing a market orientation strategy, the target model for operation, and identifying risks.

The last step of the methodology is developing the financial model, through determining the requirements of the business model and the required investment, as well as developing a roadmap for the initial stages of implementing the new project, while developing the governance of the developed product.

In December, MIS announced finalizing approvals and licenses to launch operations at its subsidiary MIS Forward, Argaam earlier reported.

The subsidiary welcomes cooperation with government agencies that support business incubators, accelerators, and investment companies that invest in bold ideas to work together in expansion, development, and implementation.