MITEF Saudi Arabia StartSmart 2017 Conference

By March 20, 2017 Uncategorized No Comments

This year’s MITEF Saudi Arabia StartSmart conference took place on March 18 in Jeddah. The event, now in its second year, is organized in partnership with Community Jameel’s Bab Rizq Jameel initiative and Zain Saudi Arabia. It is meant to be an open platform for presenting ideas, and for promoting local startups and social entrepreneurship.

Local and international speakers converged to discuss the opportunities and challenges of entrepreneurship, technology, and digital innovation. The event featured a presentation on MIT Technology Review’s 10 Breakthrough Technologies, various panels on social entrepreneurship and the future of entrepreneurship, case studies on local and international startups, and even a short film. The full agenda can be found here.

The winning teams from the 2016 MITEF Saudi Arabia Startup Competitionwere also announced.

The competition was split into three tracks: ideas, startups, and social enterprises. A panel of business experts and academics selected 27 winners, 9 from each track, out of over 2200 entrants.

The nine finalists in each track were:

  • Ideas – More than a 100 Years, Morshed, Smart Booking App, Health and comfort, Aquaponica, Wahidoon App, Packageha, Stitches, and Sense
  • Startup – Shayala App, Ajeer App, Mrsool App, Nashmi Services, Float, Gofrah, iBoat, Zayer, and Madad Services
  • Social enterprise – Tadweer, Banafsajeel, Scientific Saudi, OmCare, D. Sin Project, Axor, University Market, Ketaby Lak application, and Kararat

 Winners:

Ideas Track

Aquaponica

أكوابونيكا

 

Aquaponica Corporation was established as a real estate and agriculture company in the Western region of Saudi Arabia. A traditional business model, it is primarily focused on the design and implementation of commercial, temperature-controlled greenhouses and aquaponic agriculture. Aquaponica has identified the growing need to secure arable land in Saudi Arabia. The company expects to hit a monthly sales target of SAR 50,000 depending on the variables that are factored in with investments in the agriculture industry.


Startup Track:

 

Madad Services LLC

 

مدد للخدمات ذ م م

 

www.madad.sa

Madad Services is a hotel-restaurant-catering multi-vendor business-to-business e-commerce company, created to revolutionize today’s trading market by connecting suppliers and manufacturers with hotels, restaurants, and  cafes across Saudi Arabia. Our concept is simple: we don’t sell products; instead, we offer a web platform that facilitates the exchange of goods. Our goal is to digitize the regional trading market and to help businesses grow through internet technology

Social Enterprise Track

 

Tadweer

An emerging company that is developing a recycling strategy and a recycling factory, turning food-waste into organic fertilizers. Production capacity of the plant is 30 tons of fertilizers daily.

 

First, second, and third place winners in each track were eligible for cash prizes of SR 100,000, 25,000, and 15,000 respectively.

To view photos of the event, click here.

Watch this video for a closer look.

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