MITEF Saudi Arabia, a program of the global network of MIT Enterprise Forum, in collaboration with Bab Rizq Jameel, has announced the semi-finalists in the competition's three tracks: Startups, Ideas, and Social Enterprises.
The competition will be holding its closing ceremony virtually on March 6 2021. The semi-finalists were selected by a jury composed of 100 members of business and academic experts from all over the world, who evaluated more than 500 projects against the competition criteria, which are creativity, potential to expand, and the positive impact on the community.
Meet the 45 KSA-based startups who made the semi-finals on MAGNiTT
Social Enterprise track:
Discover all startups headquartered in the Kingdom of Saudi Arabia on MAGNiTT
To qualify for the competition, applicants had to present an innovative project that is scalable and capable of making a positive impact on the community.
Bayan Alghamdi, Head of Entrepreneurship Programs & MITEF Saudi at Community Jameel said, “This year, the MITEF Saudi Arabia Competition saw remarkable progress in terms of the quality of entries in various categories and fields, including e-commerce, education technologies, consumer services, productivity applications, in addition to digital technologies and healthcare.
"The competition is organised in line with the Kingdom's Vision 2030 to support small and medium enterprises. The total number of applicants since the launch of the competition in 2015 has reached more than 8,500 participants from all over Saudi Arabia, thanks to the support of all governmental and private companies. Despite the hard times we have gone through this year due to the global pandemic, entrepreneurs were able to overcome this challenge with a lot of creativity and innovation that contributed to curbing this pandemic, and we wish all the best for participants and good luck to the semi-finalists."
The second round of judging will be held on February 20 2021 to announce the names of the 27 finalists. The third round will be held on March 3 2021, after the virtual briefing sessions and the business accelerator from January 9 to February 13 2021. Lastly, the Startup Investment Forum will be held on March 4, 5, and 6.
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