250 Projects Qualify for Entrepreneurship World Cup Finals in Riyadh

The Small and Medium Enterprises General Authority “Monsha’at”, in partnership with the Mohammed bin Salman Foundation (Misk) and the Global Entrepreneurship Network (GEN), will organize the global finals of the Entrepreneurship World Cup in the capital, Riyadh, after 250 entrepreneurial projects representing 81 countries around the world qualified for the competition’s virtual training camp, held in cooperation with Esade Ramon Llull University, one of the world’s leading universities specialized in entrepreneurship. The move reflects the Kingdom’s growing standing as a global driver of innovation and entrepreneurship. The qualifying projects were distributed by entrepreneurial stage: 9% at the idea stage, 51% at the early stage, and 40% at the growth stage. Projects specialized in space technologies made a notable showing, accounting for 12% of the total, signaling the widening scope of innovation to include new and promising sectors at the global level. The training program for the qualifying projects includes theoretical and practical sessions over three days, at five hours per day, in addition to 20 specialized workshops in multiple fields. The program gives participants the opportunity to meet directly with more than 5 local and international investors and to connect with 9 entities from the Kingdom’s entrepreneurship ecosystem, and 100 of the participating projects will qualify for the global finals, hosted by the Biban forum in Riyadh. This year’s preliminary qualifiers drew unprecedented interest, with more than 10,000 enterprises from 169 countries applying, double the number of entries compared with last year. The Entrepreneurship World Cup is the largest international competition of its kind, bringing together the world’s best 100 entrepreneurial enterprises in Riyadh this year to compete for cash prizes exceeding $1.5 million, as well as investment opportunities and strategic partnerships with more than 64 global partners. The Kingdom’s hosting of this championship affirms Riyadh’s standing as a global hub for innovation and entrepreneurship and embodies its ongoing commitment to enabling entrepreneurs and providing a stimulating environment to accelerate the growth of their projects and expand their international presence.

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