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HomeBusinessNavigating the Saudi Tech Startup Contest: Key Details

Navigating the Saudi Tech Startup Contest: Key Details

Your Guide to Joining the Saudi Technology Entrepreneurship Competition

April 3, 2024
in Business
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Entering the Competition

To participate in the contest, technology entrepreneurs operating for under five years in Saudi Arabia should submit an application via the official online form by the 30th of June, 2024.

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Eligibility extends to those with innovative technologies, a solid business foundation, demonstrable progress, and scalability. Participants must be Saudi residents, 18 or older, and cannot be affiliated with KPMG as employees or contractors.

The application window is from the 31st of March to the 30th of June, 2024. There is no entry limit per period, but only one submission per company is allowed.

Application Timeline:

  • 31st March – Applications open
  • 30th June – Applications close
  • 28th August – Saudi Arabia finals

Required information for application:

  • Company specifics including name, address, registration, and contact info
  • CEO and management team bios
  • Summary of the company, business model, media mentions, and proprietary tech (up to 200 words)
  • Financial details including funding and revenue figures
  • A high-resolution image of the company logo

Judging the Entrants

Companies from tech and tech-adjacent sectors with growth ambitions are invited. To qualify, companies must have a viable product or service and be in operation for 5 years or fewer.

The pitch format involves a 5-minute presentation and Q&A with judges, with materials in PowerPoint or PDF format. Judging will be based on innovation, market potential, customer adoption, traction, long-term potential, and pitch quality. The panel’s decisions are final.

Victory and Rewards

Winners gain media exposure and entry to the Global Tech Innovator contest in November 2024. Finalists receive travel and accommodation for the global event. Prizes cannot be exchanged for cash.

Champions will be announced on the finals day and profiled in the KPMG “Winners Report.” The global winner will be revealed in November 2024.

Additional Information

Entrance is free, with KPMG covering travel and accommodation for finalists. Contestants agree to the use of personal data for competition management and winner promotion.

Unsuccessful applicants will be notified, but personalized feedback is not feasible due to the high volume of entries.

For more details or inquiries, potential participants can reach out to the designated competition email.

Tags: Business InnovationEntrepreneurship CompetitionKPMGsaudi arabiaTech Startup
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