New Competition Offers Saudi Start-ups Training and Mentoring to Encourage Technology Entrepreneurship
Bab Rizq Jameel and Oracle sign MOU in Support of Vision 2030 to give entrepreneurs at 2nd MIT Enterprise Forum training in digital solutions and mentorship
Riyadh, Saudi Arabia, 07 December 2016: Oracle Saudi Arabia has signed an MoU with Bab Rizq Jameel, part of Community Jameel to support the 2nd Massachusetts Institute of Technology (MIT) Enterprise Forum startup competition in Saudi Arabia.
The competition aims to help social and business start ups develop a competitive digital ecosystem. Oracle will host a series of technology sessions; mentor contestants and participate as a guest speaker at the forum. Startups will also be introduced to the latest Oracle digital solutions to driveinnovation and business growth.
“SMEs account for nearly 60 per cent of total employment in Saudi Arabia so entrepreneurs have an important role in realizing Vision 2030’s strategic economic objectives”, said Thamer Alharbi, Country Managing Director – Oracle Saudi Arabia. “Cloud computing gives SMEs a phenomenal opportunity to take advantage of sophisticated enterprise technology at low cost with relative ease.”
“With MIT EF Saudi, our objective is to create an interactive platform to connect high potential entrepreneurs with incubation and funding programs, besides also providing mentorship and training opportunities to support their growth” said Hashem Daghestani, GM Business Development and Entrepreneurship programs. “Partnering with Oracle and other entrepreneurial minded organizations will enable local entrepreneurs to learn and benefit from their experiences and valuable services”
The MIT Enterprise Forum (MITEF) focuses on attracting high potential social and business start ups. Founded in 2015 with the goal of promoting and enriching the entrepreneurship ecosystem in Saudi Arabia, MITEF aims to celebrate and support all potential startups and entrepreneurs in the Kingdom through the Startups and Ideas Competition.
Home >> Technology Section
Green Corp acquires Emad Bakeries increasing investment in Saudi food processing
flydubai adds two destinations in the Kingdom of Saudi Arabia
Green Corp acquires Jeddah-based Emad Bakeries to boost its investments in Saudi ...
ROSHN bolsters Cybersecurity with Commvault MoU
TAQA and JERA to develop Industrial Steam and Electricity Cogeneration Plant for ...
Rowland Seeks To Extend Nissan's Podium Streak In Front Of Sell-Out Home Crowd A ...
Al Haramain Group shares its business growth by hosting UAE's largest Iftar for ...
Formula E Races Into Asphalt 9: Legends With Time-Limited Events Ahead Of Tokyo ...
Eid Gift Guide – Fragrance Edition
What's Old is New: TikTok Partners with UTURN for an exclusive “Daily Fawazeer f ...
Ubisoft to launch formula E Universe in Trackmania with Three Championship Racet ...
Royal Commission for Alula Marks Key Milestone in Excavation of Alula's Sharaan ...
Response Plus Holding Net Profit surges 68% to AED 49.39 million during 2023
The Ritz-Carlton, Jeddah Welcomes Visionary Hotelier Peter Katusak-Huzsvar as Ge ...
From LA to Riyadh: Outer Edge Web3 Innovation Summit debuts in Saudi Arabia in p ...
Alula Camel Cup countdown Officially Underway: The Pinnacle of Camel Racing Retu ...
SHEGLAM Unveils Exclusive Ramadan ‘Lunar & Stellar Box Set', across GCC countrie ...
Automechanika Riyadh 2024 records a 448% increase in exhibitor numbers
Formula E Announces New Technology Partnership With Google Cloud To Accelerate G ...