Saudi Arabia has announced the winners of the National Finals of the Entrepreneurship World Cup in the Kingdom, where six Saudi startups were selected to compete in the global Entrepreneurship World Cup (EWC) next month, SPA reported Wednesday.
The winners all received cash prizes worth $50,000 and a place in the global finals, which will be hosted by the Mohammed bin Salman Foundation (Misk) Global Forum in October.
Only six winners were chosen from among 174,000 applicants, SPA reported.
The winners were Talon Dust Control, a company focused on dust control and soil stabilization; Edama Organic Solutions, a waste recycling company; Brightsign, a smart glove for sign language translation company; Upskillable, a company with a solution to develop people’s skills and help employers make hiring decisions; Peregrine Genomics, a biomedical startup, and Miqyas, a company focused on improving ecommerce in the fashion sector.
The EWC is hosted by the Misk Global Forum, set to take place in mid-October in Riyadh, Saudi Arabia. Competitors will then fight to win a selection of prizes including $1 million in cash, access to startup accelerators, further funding opportunities, resources, and other prizes worth more than a combined $75 million.