JEDDAH — Bab Rizq Jameel on Saturday concluded the three-day Startup Investment Forum and StartSmart Conference, with the participation of more than 2000 competitors at King Abdullah Economic City (KAEC). The nine winning teams of the 4th MIT Enterprise Forum Saudi Arabia Competition that began on March 5 were announced at the StartSmart Conference. A total of SR325,000 was awarded to the winning teams.
The highlight of the 4th MITEF Saudi Arabia Competition was the organization of the Startup Investments Forum (SIF) with the participation of more than 80 innovative startups from all over the world. SIF brought together small and emerging companies from Saudi Arabia and the world with investors to expand their business in Saudi Arabia. The event also featured workshops lead by senior executives from Prince Muhammad Bin Salman College (MBSC) of Business & Entrepreneurship and Imperial College in London, investment pitching sessions, and business networking opportunities.
In the Ideas track Firnas Aero won the first prize, Uvera ranked second and Ghallah ranked third.