The General Authority for Small and Medium Enterprises (Monsha’at) is set to host the Entrepreneurship World Cup finals in Riyadh this November. This event will feature the top 100 startups from around the globe and is organized in partnership with the Misk Foundation and the Global Entrepreneurship Network. Participants will compete for financial prizes exceeding one million dollars, along with valuable in-kind awards.
Entrepreneurship World Cup Finals to be Held in November
This competition is the largest of its kind in Saudi Arabia, bringing together leading entrepreneurs from various nationalities to present their innovative projects. The goal is to attract both local and international investments and support startups on a global scale. Monsha’at aims to enhance the entrepreneurial environment in the Kingdom, encourage innovation, and provide real support opportunities for small and medium enterprises contributing to economic diversification.
Selection Process for the Entrepreneurship World Cup
The finalists were chosen from over 16,000 applicants representing 151 countries. These startups are among the elite projects with significant growth potential, carefully selected after multiple rounds of national-level competitions.
The competition aims to stimulate investment in startups within the Kingdom and attract foreign capital to boost the Saudi economy in line with Vision 2030. This vision emphasizes income diversification and enhancing the private sector’s role in economic development. The event provides a crucial platform for connecting entrepreneurial projects with investors and economic decision-makers.
The Entrepreneurship World Cup finals present a significant opportunity to support startups and encourage investment, thereby fostering an innovative and economically vibrant environment in Saudi Arabia.
