Riyadh, Saudi Arabia \u2013 March 14, 2023: Biban 2023 \u2014 Saudi Arabia\u2019s flagship startup and SME forum \u2014 has brought leading entities from around the world together to sign a series of landmark agreements worth approximately $13.8 billion in support of the startup community.<\/p>\n
Organized by the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha’at), the event has set a new benchmark for partnerships, with a diverse range of collaborations and initiatives being launched to empower entrepreneurs.<\/span><\/p>\n The fifth and final day of the forum brought more regional and global organizations together to usher in a new era of Saudi entrepreneurship \u2014 in line with Vision 2030 \u2014 powered by state-of-the-art programs, innovation and effective joint-working.<\/span><\/p>\n Notable highlights throughout the event included agreements made by the Saudi Development Bank to support entrepreneurs and SMEs with $6.4 billion, the Small & Medium Enterprises Bank to provide support estimated at $2.8 billion, and the Kafalah Program \u2014 with a $1.5 billion agreement with diverse entities.<\/span><\/p>\n Monsha\u2019at also announced an MoU with Huawei Tech Investment Saudi Arabia Limited to enhance the digital transformation of the Kingdom\u2019s SMEs, in addition to launching a partnership with Saudi Cloud Computing Company (SCCC) Alibaba Cloud. MoUs were also signed with the Ministry of Energy and Nine66 \u2014 a Savvy Games Group company.<\/span><\/p>\n Another major announcement at Biban 2023 arrived with the confirmation that local sellers in Saudi Arabia will gain access to Amazon\u2019s global market in the US, Europe and Asia.<\/span><\/p>\n Creating an enabling environment for global leaders, experts, and industry professionals, Biban 2023 was a diverse showcase of entrepreneurial excellence.<\/span><\/p>\n Biban 2023 also hosted the final round of this year\u2019s Entrepreneurship World Cup: a startup pitch competition and support program, co-hosted by the Global Entrepreneurship Network (GEN) and Monsha\u2019at.<\/span><\/p>\n White Helmet, a Saudi-based company that provides a platform to manage and monitor construction operations remotely \u2014 from anywhere and at any time \u2014 was announced, on Day 4 of the Biban forum, as the winner of the EWC grand-prize: a US$300,000 share of the $1 million prize pot.<\/span><\/p>\n In 2nd place was NDR Medical from Singapore, receiving a US$20,000 prize, with the third place going to Hera Health from the US with a $150,000 prize.<\/span><\/p>\n https:\/\/bibanglobal.sa\/<\/a><\/span><\/p>\n \u2022Source: AETOSWire<\/span><\/a><\/span><\/p>\n