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Citizen – Translation: Mahmoud Nabil
Business Insider highlighted Saudi investments in technology, which have penetrated into many areas in recent years.
Kingdom Technology Investments
According to the global website, startups who showcased their products at this year's San Francisco Y Combinator demonstration day had smart solutions to improve everything with technology, video game health care.
Business Insider's main observation concerned the Kingdom's various investments in startups, which are now supporting Silicon Valley in many areas of great interest around the world.
The Kingdom is a major source of funding for new technology companies, directly or through project funds such as Softbank Vision.
Sponsorship of startups
The Kingdom is a huge contributor to start-up: the MESC is sponsoring the World Entrepreneurship Cup, a global start-up competition with more than 100,000 participants from around the world.
The North American competition began on the US East Coast, particularly in downtown Boston, where 14 US and Canadian startups decided to win the regional tour, which qualifies for the Cup finals. of the world in Riyadh in November.
The competition is organized by the Global Entrepreneurship Network and the Misk Forum under the patronage of Crown Prince Mohammed bin Salman.
Winners receive prizes of up to $ 5 million, as well as access to training courses in resource development and investment opportunities.
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