Landmark agreements worth over $6.4 billion announced on Day 4 of Biban 2023 forum
Saudi Development Bank pledges $6.4 billion to funding entrepreneurs and startups in the Kingdom over the next three years
Monsha’at signs Memorandum of Understanding (MoU) with InspireU – STC
WhiteHelmet is announced as winner of 2023 Entrepreneurship World Cup
The pledge was announced alongside a selection of innovative partnerships and initiatives established to transform the country into a world-class SME hub and global investment destination.
Building on its work to advance entrepreneurship in the Kingdom, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha'at) signed a Memorandum of Understanding (MoU) with InspireU - STC.
The MoU will see the two entities join forces to provide the Kingdom’s burgeoning community of SMEs and investors access to Monsha’at’s business accelerators, ensuring they benefit from vital resources and provisions.
Biban 2023 also hosted the final round of the Entrepreneurship World Cup (EWC), which was one of the day’s major highlights. First established in 2019 by the Global Entrepreneurship Network (GEN) and Saudi Arabia’s Misk Foundation, the tournament invites businessmen and -women from around the world to take part in the ultimate startup pitch competition.
WhiteHelmet was announced — on the fourth day of the Biban forum — as the 2023 EWC winner, taking home the grand prize of $300,000 US.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005354/en/
Account Director – Weber Shandwick
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