Saudi startups win cash prizes at finals of TAQADAM accelerator program

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Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding. (SPA)
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Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding. (SPA)
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Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding. (SPA)
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Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding. (SPA)
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Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding. (SPA)
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Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding. (SPA)
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Photo/KAUST Innovation
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Photo/KAUST Innovation
Updated 01 October 2019

Saudi startups win cash prizes at finals of TAQADAM accelerator program

  • The program gives Saudi students, staff and recent graduates the support to start a successful tech-based company through mentoring and training

JEDDAH: Over 1,100 participants, investors, and mentors gathered at the King Abdullah University for Science and Technology (KAUST) headquarters in Thuwal to watch the conclusion of the third edition of the TAQADAM accelerator program, one of KAUST’s flagship entrepreneurship events.
In line with Saudi Arabia’s objectives of supporting new ventures, the program focuses on preparing new entrepreneurs for the challenges ahead, offering over six months of business training and mentorship in various industries, including e-commerce, health care and technology.
The program gives Saudi students, staff and recent graduates the support to start a successful tech-based company through mentoring and training.
The theme of this year’s event was “The Future Reimagined.” This encouraged the program’s entrepreneurs to create technologies of the future that would benefit the Kingdom. Working with mentors from the Entrepreneurship Center at KAUST, they were able to design, develop and take their startup ideas to market.
Kevin Cullen, vice president of innovation and economic development at KAUST, said: “We are proud to support entrepreneurs and offer them the best environment and tools to create innovations that can change the world. Today, we have watched some incredible ideas and technologies that are solving issues across different industries in health care, agriculture, water, food, gaming, education and more. Congratulations winners, well done.”
Among the competing startups were 100 founders from 13 Saudi universities, representing a wide range of industries. During the event, each startup was given three minutes to pitch their ideas, followed by three minutes of Q&A and another three minutes of feedback from the judges.
Launched in 2016 in partnership with The Saudi British Bank (SABB), the TAQADAM accelerator program has successfully graduated 78 startups and awarded over SR9 million ($2.4 million) in funding.
Deputy managing director of transformation at SABB, Soren Nikolajsen, said that Saudi Arabia is enjoying huge changes and it is vital that the next generation of businesses is helped to seize these opportunities.

 

 “We’re determined to play our part in building a more diverse and sustainable economy, and one of the best ways we can do that is supporting the grassroots of the business ecosystem: Young entrepreneurs. Today’s winners show just what a great job TAQADAM has done developing new entrepreneurial talent,” Nikolajsen said.
The head of the Entrepreneurship Center at KAUST, Hattan Ahmed, said that its main goal is to create high quality, high impact new ventures from across Saudi Arabia by providing the professional training and mentorship needed to help take their ideas to the market.
“We are so proud of the startups graduating from our accelerator program and we look forward to supporting more,” he said. The following program winners each received SR375,000.
Firnas Aero: Drones on demand for airport infrastructure inspection. Faseeh: Learning app to teach Arabic language skills to help raise Qiyas scores.
Genos Tech: Turning microalgae into products such as Vitamin A and dietary supplements. Peregrine Genomics: Providing accurate premarital genetic diagnoses in half the time and cost. 
Gluco Jet: Non-invasive and pain-free glucose testing for diabetes patients. Talon Dust Control: Low-cost, liquid spray-on solution for environmental dust control. Carbon CPU was the “People’s Choice Winner,” receiving SR187,500 after a live vote from the audience. 

Decoder

TAQADAM

is a Saudi startup accelerator for ideas that are pushing the boundaries of science and technology. Over the course of six months, it helps aspiring entrepreneurs bring their ideas to market through mentorship and training in ideation, product design, marketing and fundraising. Accepted teams receive SR75,000 in grant funding and access to working space in the KAUST Entrepreneurship Center and prototyping lab.


Global stars shine at Saudi leisure forum

Updated 59 min 32 sec ago

Global stars shine at Saudi leisure forum

  • “It (Saudi Movies) will bring Saudis closer to the world and the world closer to Saudi,” Shahrukh Khan 

RIYADH: Saudi Arabia took another step toward establishing its place on the global entertainment map with a major industry event in Riyadh on Sunday.

The Joy Forum19 brought together entertainment promoters and pioneers from around the world, along with global stars such as Indian actor and film producer Shah Rukh Khan; Hong Kong martial artist, actor, film director Jackie Chan and Belgian actor and martial artist Jean-Claude Van Damme.

The event was organized by the General Entertainment Authority (GEA), which signed several important agreements on the day, including a financing guarantee program for small and medium-sized enterprises.

Participants are ushered in on the first day of the Joy Forum19 event in Riyadh. (AN photo by Noor Nugali)

“Our message is for both, locally and internationally. Me and my generation suffered a lot, we had lots of time on our hands,” GEA chairman Turki Al-Sheikh said at the event.

“Today you are witnessing things we have never had in Saudi Arabia. We have 300,000 visitors to our events, and our sales have hit 80 percent.

“Saudi Arabia has never seen anything like Riyadh Season, we have over 400 sponsors, which is unprecedented.”

Al-Sheikh announced that the authority had named a stadium after singer Mohammed Abdo, the “Artist of Arabs,” and another after Abu Baker Salim, the father of Khaleeji music. 


READ MORE: Three MoUs signed at opening day of Joy Forum19 in Riyadh



Drunken master

The actors expressed what it meant to be movie stars and how wide-reaching their influence could be.

Jackie Chan recalled that when he was a new actor, he often acted like a drunken fighter until he realized that he has a responsibility towards younger fans. 

Jackie Chan: no longer a "drunken master". (AN photo by Basheer Saleh)

“All over the world I keep drinking and fighting (in films).  I realized that I made drunken master cool — so I stopped,” he said. One of Chan's most popular movies was the 1978 action comedy martial arts film "Drunken Master".

“When you’re 20 you don’t have this inner thought — anything that makes the audience laugh you do, but later on especially (when I went) to Africa so many years ago — they started doing the drunken style — the children look up to me. So, I realized we have a responsibility to the children so all those years I corrected those actions: no dirty comedy words or action,” he said.

He attributed his awareness in being responsible for the content he produces to the fans. “I’m really thankful to the fans in making me a good actor.”

Chan spoke about his experience in acting martial arts in both the United States and Asia. “I realized we have two different markets one for America another for Asia. They are totally two different things.”

The safety measures the US takes for stunts is very impeccable making sure of the wellbeing of the actor comes first. However, in Asia it’s a different story, “In Asia when I want to do a stunt, I roll, jump (and then go to the) hospital, he said laughingly.

“It’s so difficult sometimes in the USA so many rules- Jackie Chan movies: NO RULES!” he said and received applause from the audience.

 

Good start

Jean Claude Van Damme gave a shout out and a big thank you to all his “brother and sisters from Saudi Arabia,” He said he got a royal treatment fit for “Kings and Queens”. He went on to reveal that his hotel room at the Ritz Carlton Riyadh was so big he could easily “roller-skate” in it.

Jean Claude Van Damme: "Let's do a movie together". (AN photo by Basheer Saleh)

“I’m honored to be invited here. I know it’s your first time to do this event, but I know it will have a very bright future and I hope next year you will invite more people,” he said.

He said he may not be a “good talker” but expressed his joy at being in Saudi Arabia saying. “I’m happy to be here and I hope to have more connection later with the audience.”

Van Damme remarked how that in every country in the world you have treasure actors and movies with different cultures, “In the Middle East I don’t know what the taste will be, but I know they love American, Asian and Indian movies. They have a broad taste. (Saudi Arabia) should do a movie with all of us together!”

 

Crossing barriers

Sharukh Khan emphasized the importance of every country telling their story through movies; “As long as we are telling the story in whatever language it doesn’t matter. Cinema crosses all barriers.”
 

Shahrukh Khan: "I'd audition for a Saudi movie". (AN photo by Noor Nugali)

With the opening of Saudi Arabia to the world and Cinemas, he said, “I can’t wait to talk about the Saudi films...It will bring Saudis closer to the world and the world closer to Saudi.”

“The stories that you tell should talk about goodness and people should be engaged with the content and it should bring them together. People want to laugh and sadly have to cry, to be entertained and to feel.”

Sharukh noted that Saudi Arabia has started to make movies and he’s watched the King Faisal movie, "Born a King". 

“You’ll always find gems in all movie industries and I think there’s are gems in Saudi and as a matter of fact one of the things I’d like to do is audition for a Saudi movie … Please give me an opportunity!” he said, eliciting a thunderous applause from the audience.


Red carpet

Abdulaziz AlMuzaini, co-founder and CEO of the Saudi Arabian Myrkott Animation Studio; gave a heartfelt thanks full of gratitude to King Salman and the Crown Prince Mohammed bin Salman, saying: “If it wasn’t for them, I wouldn’t have dreamed of this moment or this panel.”

Some of the celebrities invited to the event walk the red carpet. (AN photo by Basheer Saleh)

Lebanese actor Wahid Jalal, who was the voice of Long John Silver in Treasure Island, came onstage for the opening of the event. “Children love heroes and they try to imitate them,” he said. 

He also delighted the crowd by performing Silver’s famous laugh.

Some of the celebrities who walked down the red carpet were American actor Jason Momoa, star of Aquaman; Amr Adeeb, Balqis Fathi, Yusra, Boosy Shalabi, Lojien and Aseel Omran, Mohammed Hamaki, Nawal AlZoghbi, Talal Salama, Ahlam Al-Shamsi, Hussain AlJismi, Suad Abdulla, Ibrahem Alharbi, Tariq Alali and Abdulnaser Darweesh.

The gala dinner hosted 500 guests and was a private event, but the red carpet captured the essence of where Saudi is moving to culturally.