Riyadh,
On the fourth day of the Biban 24 Forum, organized by the Small and Medium Enterprises General Authority (Monsha’at) under the theme “A Global Destination for Opportunities,” the “Ibtikar24 Award” was launched to promote a culture of innovation in Saudi Arabia and spotlight creative individuals and innovative businesses locally and globally.
The Ibtikar24 Award supports businesses across three stages: innovative ideas, prototypes seeking funding, and established companies with demonstrated growth. This approach ensures recognition and support for both emerging and successful businesses.
The award provides participants with intensive training, workshops on innovation and entrepreneurship, cash prizes up to SAR 300,000, and the opportunity to represent Saudi Arabia in the Entrepreneurship World Cup. By enhancing business capabilities and connecting participants with investors, the award strengthens the Kingdom’s position as a global innovation hub in line with Saudi Vision 2030.
