Weather Forecast for Monday    Workshop on Real Estate Developments Sector Held    ACSAD Concludes Meetings in Cairo    Morocco and Iraq to the finals of Arab Futsal in Dammam on Tuesday    Saudi US Joint Exhibition on Photography Concludes in Tabuk    LuLu KSA unveils super digi-deals!    King Salman sends written message to King of Bahrain    Minister of Religious Affairs in Bangladesh Appreciates the Kingdom's Efforts in Serving Pilgrims    Saba Tawfik best player in WAFF Women's Futsal Championship Green team wins silver after losing to Iraq    Commander of Joint Forces Meets with Chief of Staff of Qatari Armed Forces    Madinah emir inspects preparations for pilgrims at Hajj terminal    Gareth Bale signs with MLS leaders Los Angeles FC    Saudi Stock Exchange Main Index Ends Trading Higher at 11,513 Points    Boris Johnson seeks to stay in power until the mid-2030s    Bangladesh marks opening of country's longest bridge    KAUST announces partnership with Ocean Aero for autonomous underwater vehicles    Saudi Arabia, Italy to hold Investment Forum on Monday    NCM expects rains in 4 regions this week    North Korea denounces US 'aggression' as it marks war anniversary    Saudi Exchange Announces its Intention to Launch Single Stock Futures Contracts on 04 July, 2022    Saudi Venture Capital Company Invests in First Venture Debt Fund    Monkeypox not presently a global public health emergency: WHO    Egypt to Host King Abdullah bin Abdulaziz International Award for Translation Ceremony Next October    Nearly five million students sit third-semester exams in Saudi Arabia    SOPC celebrates Olympic Day in Riyadh Sporting festival held at the Prince Faisal Olympic Complex    Iraqi Prime Minister Performs Umrah Rituals    Venice-based art exhibition sheds light on upcoming Saudi talents    Makkah Municipality offers animal sacrifices permitting service through Baladi platform    First Saudi-American Joint Exhibition of Photography held in Tabuk Region    Saudi Ambassador to Sudan Receives a Delegation of the Freedom and Change Forces "Reconciliation Group"    Gulf-US relations will rise on top of President Biden's forthcoming visit to Saudi Arabia, according to Saudi Press    Saudi Arabia announces investment opportunities in vaccines, vital medicines industry worth $3 billion    Saudi Taekwondo team wins 3 medals at Asian Championships    FIFA Accredits Saudi Football Association Among Expert Federations in VAR Tech    Blood transfusion at IMC for patient with complex condition qualifies him for surgery    Belgian blogger: Saudi Arabia is safer than America and Europe    Rupert Murdoch and Jerry Hall are to split: US media    SFDA Extends Period for Submitting Requests for Compliance Forms for Food Transportation during Hajj    Jeddah is Set to Host the Finals of World Boxing in August, Organizers Announce    Saudi National Olympic Team Crowned AFC U23 Asian Cup    Samrat Prithviraj: Why did a Bollywood film on a popular Hindu king fail?    Saudi Film "The Journey" Wins Best Experimental Film at Dutch Septimius Awards    Saudi Council of Senior Scholars slams Indian ruling party leader's remarks against Prophet    Drug charges dropped against Shah Rukh Khan's son    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    

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SAP's Global Start-up Focus Program to support Saudi entrepreneurs
Published in The Saudi Gazette on 12 - 11 - 2016

ups will drive the Digital Economy over the next 15 years, and support job creation for technology talents, the Saudi Minister of Communications and Information Technology announced at SAP's first Start-up Focus event in the Kingdom.
"Government support for tech start-ups is essential for driving the Saudi Vision 2030 goals of national digital transformation and sustainable career paths for Saudi talents. Public-private partnerships, such as with SAP, combine government vision and private sector expertise to amplify Saudi entrepreneur's ideas and enhance the Kingdom's digital economic competitiveness," said Dr. Mohammed bin Ibrahim Al-Suwaiyel, the Saudi Minister of Communications and Information Technology.
[caption id="attachment_98020" align="alignright" width="300"] Saudi Minister of Communications and Information Technology Dr. Mohammed Bin Ibrahim Al-Suwaiyel praises Saudi startups at the SAP Startup Focus event. — Courtesy photo
As part of SAP's mission to support promising technology start-ups, SAP has seen strong success on the Start-up Focus Program globally. Start-up Focus has helped eligible start-ups, whose product ideas are based on Big Data, predictive or real-time analytics solution, accelerate the development of their solutions, and assist in bringing their solutions to market.
Boosting regional innovation and supporting local entrepreneurs, the SAP Training and Development Institute has now launched the initiative in the Kingdom of Saudi Arabia with an event in Riyadh. During the two-day event, attendees gained insights from successful start-up founders and thought leaders, and interacted with the start-up ecosystem in the Kingdom. Promising entrepreneurs also learned how to grow their innovative business plans with SAP's cutting-edge technology.
"Saudi tech talents and Millennials are already among the best-connected in the world, and have the ambition and business acumen to become global start-up leaders. SAP is dedicated to joining forces with the Saudi government and local partners to support Saudi Vision 2030, digital economic innovation, and talented youth in reaching their dreams," said Ahmed Al-Faifi, managing director of SAP Saudi Arabia.
Selected Saudi start-ups now have the chance to develop their solutions on the SAP HANA real-time analytics platform, receive free support from technical experts to help them productizing their ideas and making the best use of the SAP HANA cloud platform. Participating start-ups have access to a community network of entrepreneurs, partners, investors, thought leaders and industry experts.
Once validated, start-ups can pitch to SAP's ecosystem of more than 320,000 customers worldwide. The program has engaged with more than 3,750 start-ups across 59 countries and 22 industries, bringing hundreds of solutions to market.
"Launching the Start-up Focus Program in the Kingdom concludes with impressive turnout, bringing together the countries' start-up scene with successful entrepreneurs to exchange best practices and get inspired for an entrepreneurial career in KSA. SAP is now reviewing submitted business cases to identify the strongest start-ups, eligible for the program, taking Saudi innovations to a global scale and boosting local innovations," said Marita Mitschein, senior vice president and managing director, SAP Training and Development Institute.
Demonstrating the economic impact of digital transformation, the Saudi GDP could increase by USD 31 billion by 2020 if the Kingdom optimizes digital tools, according to a recent Accenture report.
As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 320,000 customers to operate profitably, adapt continuously, and grow sustainably. — SG

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