The Entrepreneurship World Cup Included Six Saudi Enterprises Qualification

The Entrepreneurship World Cup qualified six Saudi enterprises for the final round, which will take place at the Riyadh International Convention and Exhibition Centre in the Roshan Front from November 5 to 9, 2024.

Moreover, the Mohammed bin Salman Foundation’s Misk Foundation oversees and finances this, which focuses on community development by offering educational and career-development opportunities in a range of commercial domains.

Along with the Monshaat Company, which collaborates with the Global Entrepreneurship Network GEN to offer services to small and medium business owners.

Saudi Startups Leading the Way

In addition to many in-kind awards, the event’s rewards total one million US dollars. The Entrepreneurship World Cup qualifiers include 100 up-and-coming businesses from various nations and ethnicities.

Due to the assistance it offers to new investors, both Saudi and foreign, the event succeeded in drawing them. The event also showcases excellent investment possibilities and fosters a positive atmosphere that helps investors reach their objectives.

Read more Osama Ashri is the Saudi Entrepreneurship System’s Founder

In this context, six Saudi businesses were able to take advantage of the opportunity and demonstrate their investment presence and entrepreneurial ambition by coming up with creative solutions in a variety of their areas of expertise. This improved their capacity to compete in both domestic and foreign markets and made them ambassadors for the Kingdom’s rapidly expanding entrepreneurial culture.

Aamar

The first of these is Aamar, a real estate company that entered the market through innovation by developing an electronic platform that unites clients and brokers in one location and attempts to eliminate the trust element between the buyer and seller by guaranteeing dependability.

Additionally, it is a complete platform that offers its clients alternatives for potential investment as well as electronic marketing services for their properties or any advertisements on their real estate holdings.

AmplifAI

The second company is “AmplifAI,” a new Saudi business that has invested in artificial intelligence technologies to identify diabetic feet. Further, by detecting the condition accurately and early, this technology helps patients with diabetic foot access healthcare and support opportunities more efficiently, which improves the performance of the health sector and helps patients recover.

Ballurh

Ballurh, the third business, specialises in data collection, preservation, and database design. The company’s efforts are primarily focused on helping business owners across a range of industries make better decisions by forming them based on deep insights derived from the data it will supply, which will be in the food, beverage, and retail sectors. This information will help authorities in these industries make decisions that will show corporate success in the form of higher sales volumes.

Fabni

The Fabni Company is the fourth business to get to the World Cup of Entrepreneurship final. This firm promotes sustainability solutions through a variety of creative possibilities, making it distinctive in the provision of environmentally friendly building materials. Insulation materials derived from recycled waste are among its offerings. As a result, the business may simultaneously provide a variety of creative and sustainable solutions to the building industry.

MisMar

The automotive industry is another that has Saudi businesses that made it to the finals. MisMar Company is a business that specialises in auto repair and maintenance, and because of the repair services it offers—including for unexpected malfunctions or accidents—it is one of the most significant businesses in the Kingdom. A skilled and experienced team of engineers and technicians can perform repair operations in both situations with exceptional professionalism and speed.

Moddakir

Moddakir is the sixth firm that focuses on the educational industry. It is a business that specialises in offering a service that offers a plan for teaching the Holy Quran through an electronic application that assists the user in creating an educational program that works for him. Downloading the application will enable the user to get past any scheduling or organisational challenges.

In summary, it is important to note that the Entrepreneurship World Cup is the biggest entrepreneurship-focused event in the Kingdom. It invites investors to showcase their ideas for development or implementation in a collaborative, innovative, and opportunity-rich environment.

100 applicants who qualified for the Cup finals out of over 16,000 applicants from 151 countries. These applicants passed multiple local qualifiers in their respective countries, and 250 of them were nominated and attended a training camp led by a panel of experts. Following this, 100 companies were chosen to compete in the Cup finals and win in Beban 24, the forum that Monshaat organises for this purpose under the slogan “A Global Destination for Opportunities.”

Since the Misk Foundation launched the Entrepreneurship World Cup in 2019, 420,000 entrepreneurs from 200 countries have competed, and the total value of the awards given out has surpassed $4 million.

Read more Job Creation in Saudi Arabia to Continue Beyond 2030