Winners of the LEAP22 Rocket Fuel Startup Competition, in Riyadh, Saudi Arabia, recently.
Doha: The inaugural edition of LEAP has set new records for a debut technology event, attracting over 100,000 registered attendees from more than 80 countries. Over 700 exhibitors including the world’s leading technology companies and over 1,500 of the most innovative startups, along with more than 500 international speakers joined LEAP22, which concluded yesterday in Riyadh, making it the largest ever first edition for a technology event.
LEAP22 saw more than $6.4bn of investments and new technology initiatives announced, with $1m in prizes awarded to the winners of the Rocket Fuel Startup Competition, an international contest to find the best new business ideas.
LEAP22 saw the announcement of multiple investments and funds for startups and entrepreneurs of over $266m.
Among the announcements was the completion of closing of the second round of Khwarizmi Ventures fund with a value of $69.8m; investment into the Emkan VC fund of over $49.8m and the launch by Saudi Venture Investment Company of the Investment in Advanced Stage Funds, with a value of over $134m, to promote the growth of startups.
A new partnership to build startups between Unifonic and TheSpaceKSA, called UnifonicX, was also revealed.
Startup deals included Nana closing an investment round led by FIM Partners and the STV Fund, worth $50m; and Quant closing an investment round worth $800,000 led by VentureSouq with participation by RaedVC and Seedra, which also announced an additional round of investment. Muzn Artificial Intelligence raised an investment round of $10.1m, led by Raed Ventures with the participation of Shorooq Partners, VentureSouq, Sukna Ventures and others; while Taffi raised more than $1.8m investment, and SIFI and Tamawal closed pre-seed rounds.
Startups from around the world also went head-to-head in the Rocket Fuel Start-up Competition, promoting their innovative business ideas to powerhouse venture capitalists and leading international investors, to win a share of the $1m prize fund. Seven startups were victorious overall, taking home cash prizes for exciting and impactful new business ideas, scored on creativity, innovation, potential, functionality and impact on people and society.
Apple selected Riyadh for its first Apple Developer Academy headquarters in the Middle East and North Africa (Mena) region. The academy caters solely to female programmers and developers and is located at the Princess Nourah bint Abdulrahman University.
The Apple Developer Academy will play a significant role in building coding talent in Saudi Arabia and encouraging women to develop their skills and explore careers in this exciting new sector. Female participants have already enrolled at Apple’s Developer Academy in Riyadh.
Michael Champion, Regional Executive Vice-President for Mea at Informa said LEAP22 is a breakthrough success, attracting the biggest audience for a technology event in recent years, surpassing even CES, and setting a new record for most attendees to a new platform.
“LEAP22 has been able to bring to Riyadh the leading names in technology with the most exciting new startups and creators, to present cutting-edge innovations that will reshape the world around us. We would like to thank our world-class speakers, sponsors and partners and look forward to hosting an even bigger LEAP next year,” Champion added.
The debut edition of LEAP was sponsored by stc, Ericsson, Mobily, Huawei, Cisco, SAP, Microsoft, Saudi Digital Academy, National Technology Development Program, Monsha’at and Jahez.
