Bab Rizq Jameel concludes 4th MITEF competition

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.
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Updated 16 March 2020

Bab Rizq Jameel concludes 4th MITEF competition

Bab Rizq Jameel concluded the Startup Investment Forum and StartSmart Conference, which ran over three days, from March 5 to 7, with the participation of more than 2,000 competitors at King Abdullah Economic City (KAEC). The nine winning teams of the 4th MIT Enterprise Forum Saudi Arabia Competition were announced at the StartSmart Conference. A total of SR325,000 ($86,630) 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 Mohammad Bin Salman College (MBSC) of Business and Entrepreneurship and Imperial College in London, investment pitching sessions, and business networking opportunities.
Bab Rizq Jameel, an initiative of Community Jameel, organized the StartSmart Conference over the course of an entire day to allow entrepreneurs to draw ideas, build relationships, and to have access to training and information that enables them to succeed in their careers.
Organized under the patronage of the General Authority for Small and Medium Enterprises (Monshaat), StartSmart Conference attracted prominent figures, investors, entrepreneurs, and speakers such as Esam Al-Thukair, deputy governor of Monshaat; Dr. Mazen Al-Zaidi, head of the innovation and entrepreneurship sector, Ministry of Investment; Dr. Philip Bahoshy, founder and CEO of MAGNiTT; Dr. Simon Hepworth, director of enterprise at Imperial College London; and Dr. Nabil Koshak, CEO and board member of Saudi Venture Capital Company.

THELIST

Winners of 4th MITEF Saudi Arabia Competition:

• Startups track: First, Fruits360; second, Telp; and third, 3D IT Medical.

• Ideas track: First, Firnas Aero; second, Uvera; and third, Ghallah.

• Social Enterprises: First, Jaleesa; second, SYAG; and third, AYA Animations.

Ahmed bin Ibrahim Linjawy, CEO of KAEC, said: “We are pleased to host the 4th edition of the MITEF Saudi Startup Competition, in collaboration with our strategic partners working hand-in-hand to contribute to the diversification and growth to achieve the national development goals under Vision 2030, which aim to develop a stimulating environment for innovation and creativity, supporting and empowering youth, entrepreneurs and SMEs.”
“We work hand-in-hand with our public and private partners through the ‘Invest Saudi’ initiative to support today’s businessmen — tomorrow’s change-makers, and enable them to turn their ideas into active and promising projects,” said Ibrahim Al-Suwail, deputy for investor services and advisory at the Ministry of Investment. “Since its inception, the MITEF Saudi Arabia Competition attracted thousands of entrepreneurs, and helped many of them turn their ideas into successful companies.”
Hassan Jameel, president, Community Jameel, Saudi Arabia, said: “MITEF Saudi Arabia furthers Community Jameel’s efforts in supporting the next generation of entrepreneurs by providing meaningful opportunities for learning and investment.”
The competition is divided into three main tracks — the Startups track, Ideas track, and the Social Enterprises track. In the Startups track, Fruits360 ranked first, Telp ranked second and 3D IT Medical ranked third.
In the Ideas track, Firnas Aero won first prize, Uvera ranked second and Ghallah ranked third.
In the Social Enterprises track, first place was occupied by Jaleesa, second place by SYAG and third place by AYA Animations.


Makkah Clock Royal Tower lights up for ‘Home Heroes’

The world’s tallest clock tower beamed the words ‘Home Heroes’ for 30 minutes.
Updated 08 April 2020

Makkah Clock Royal Tower lights up for ‘Home Heroes’

The Makkah Clock Royal Tower, A Fairmont Hotel recently lit up with a solidarity message in support of its staff and medical professionals who are working tirelessly in the wake of the COVID-19 pandemic.
The world’s tallest clock tower beamed the words “Home Heroes” for 30 minutes, for the first time since its opening, in an initiative to honor national heroes for their efforts in protecting the nation from the ongoing coronavirus outbreak.
The campaign was launched by Accor Hotels Makkah — Raffles Makkah Palace, Swissotel Makkah, and Swissotel Al-Maqam Makkah, and the Makkah Clock Royal Tower, A Fairmont Hotel.
This initiative was one of many others launched by the hospitality group in support of the brave medical professionals who are risking their lives to save others during this period as well as to support the Saudi government and its people.
Accor, in collaboration with a hospital in Makkah, delivered complimentary meals to the medical staff working with the group, as a token of gratitude and appreciation. The group also distributed a number of masks and sterilizers to citizens in Makkah, as part of serving the local community and backing the Kingdom’s efforts in maintaining the health and security of citizens and residents.
Faisal Abdallah, director of communications and PR, Accor Hotels, said: “Embracing the solidarity momentum, we launched this initiative, a first-of-its-kind in Makkah by lighting up the Makkah Clock Royal Tower, A Fairmont Hotel with the ‘Home Heroes’ message, empathizing with every member of our community. We support all efforts of the government of Saudi Arabia in wake of the new health crisis and ask the Almighty to protect and preserve the health of the Kingdom’s citizens and residents.”