- Beneficiary Group
Entrepreneurial and Innovative Enterprises
The Future Building Methods Challenge
The challenge aims to provide innovative solutions and advanced technological products to address the challenges faced by beneficiaries in the Kingdom during construction using modern future building methods, in the processes of design, planning, construction, and finishing, to contribute to improving the quality of life and the environment.
for more details on the Real Estate Innovation Program Click here.
Objectives
Developing a sustainable real estate infrastructure and promoting the adoption of future methods in design and construction through solutions and technologies that achieve resource sustainability, reduce the environmental impact of buildings, and provi
Enhancing innovation and competitiveness, and adopting new and innovative methods in design and construction processes, reducing construction time, which enhances its competitiveness and places it on the global map as an advanced and developed sector.
Improving and developing the quality of life through the application of designs and construction methods that increase the rate of trust and comfort within an integrated urban environment.
Advantages
Financial prizes totaling up to 100,000 Saudi Riyals
Work with specialized trainers and mentors in the sector
Opportunity to connect with enablers in the sector
Opportunity to participate in the Investor Pitch Day
Opportunity to participate in the Real Estate Innovation Accelerator
The Challenge Sub-tracks
This track specializes in advanced design and engineering planning methods, both architectural and interior, using advanced solutions and technologies such as the use of artificial intelligence in calculating construction materials and costs, and virtual reality technology in interior design.
This track specializes in advanced construction and finishing methods for buildings, using advanced solutions and technologies such as 3D printing technologies, lightweight concrete, and thermal-insulating facades /paints.
The Target Customers Who Plan to Find Solutions to the Challenges They Encounter
Individuals (B2C): Those who wish to build new buildings by adopting modern construction methods to reduce costs, improve quality, and increase speed of completion.
Companies (B2B): Real estate developers, engineers, and architects. This category also includes companies that develop real estate projects, whether residential or commercial, and are seeking to adopt modern methods that achieve improvements in their proj
The Challenge Beneficiary Group
1- Entrepreneurs in the real estate or non-real estate sectors who wish to explore the sector through the following stages:
- Ideation Stage (building the idea, the team, and the business model)
- Launch Stage (building the initial product, testing its market fit, and generating initial revenue)
- Growth Stage (expanding the user base and growing revenue)
2- Traditional real estate enterprises
Videos
First Winner | Souq Acom
Second Winner | AMUNIQUE
Third Winner | Ebn
FAQs
The challenge targets owners of ideas who want to implement their ideas and turn them into existing projects. Therefore, the minimum requirement for participation is to be at the stage of building the idea, the team, and the business model.
The experience is virtual and includes virtual training camps.
One registration form is filled out for each team by one of the members, with the option to include the rest of the members within the form.
There are no financial fees for participation.
- The participant must be over 18 years old
- Saudi nationality or resident in the Kingdom of Saudi Arabia
- Clearly define the problem
- Provide an innovative or technical solution to the problem
- The proposed solution must serve one of the challenge tracks
- Commitment to virtual evening training
You can only register for one track.
Winners will be selected and the prizes will be distributed after the completion of the training camp and participation in the virtual presentation day after the completion of the camp.
Arabic is the primary language.
It will be an intensive camp held virtually for 4-5 days in the evening, and will include training workshops and advisory sessions with technical and real estate experts.
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latest changed date 20 August 2024
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