ROSHN Group, a Public Investment Fund-backed company and Saudi Arabia’s leading mixed-asset real estate developer of integrated urban communities, announced the winners of the ROSHN Hackathon at Cityscape Global in Riyadh.
For the “New Venture Ideas” track, EcoFit won first prize for their cutting-edge development and received a prize of SR350,000 ($93,300), while the Wajid team secured the second place and received a prize of SR150,000. In the “Established Startups” track, NeoROSHN claimed the first prize worth SR350,000, while the JMM Innovation team won SR150,000.
Each track offered a first-place prize of SR350,000. In addition to the cash prizes, the winning teams will also be invited to attend Innovation and 10x Thinking training at Google workshop and the Saudi Arabia Google Cloud Launch event.
“The ROSHN Hackathon embodies our unwavering commitment to innovating for the future. It’s not just about real estate; it’s about ushering in groundbreaking technologies, setting unprecedented standards, and nurturing entrepreneurs and budding economic sectors across the Kingdom. Through the pioneering solutions proposed by these forward-thinking entrepreneurs and startups, the hackathon aims to elevate the quality of life for residents and tenants. We are focused on translating innovative ideas into tangible, state-of-the-art solutions tailored for everyday needs. I would like to extend my heartfelt congratulations to all the participants, especially our victorious winners, for showcasing such creativity and resilience,” said David Grover, CEO of ROSHN Group.
The hackathon showcased a dynamic gathering of 16 teams, hailing from both the Kingdom and outside. These teams adeptly navigated challenges across three pivotal sectors: the evolution of software solutions, the unveiling of groundbreaking products, and the transformation of infrastructure and compliance. The participant pool, teeming with tech aficionados, real estate experts, budding college visionaries, and prop-tech trailblazers, became a melting pot of innovative minds. All were united by a singular mission: to ideate transformative solutions addressing the pressing challenges of the real estate sector. Ensuring a rigorous and fair assessment, a carefully curated panel of experts with profound roots in the Saudi real estate, housing, and technology sectors undertook the responsibility of judging.
The essence of this hackathon resonates profoundly with ROSHN’s foundational ethos, serving as a marker of the confluence of diverse perspectives, collaborative ventures, and an indefatigable spirit of innovation. Such attributes not only pave the path for the future of real estate but also mirror ROSHN’s steadfast commitment to empowerment.
CityScape, a premier international real estate event, recently marked its inaugural appearance in the Kingdom, unfolding at the Riyadh Exhibition and Convention Center. ROSHN took center stage as founding partner of the event.