The prestigious Entrepreneurship World Cup (EWC) semifinals commenced in Riyadh as part of the Biban Forum 2025, bringing together 100 innovative startups from 47 countries competing for prizes totaling $1.5 million. The high-profile competition, hosted under the theme ‘Global Destination for Opportunities,’ represents a collaborative effort between the Small and Medium Enterprises General Authority (Monsha’at), the Global Entrepreneurship Network (GEN), and the Mohammed Bin Salman Foundation (Misk).
Competition Progress and Structure
Following intense quarter-final rounds, 60 promising startups have advanced to the semifinal stage, where they will showcase their groundbreaking ideas and business models. The competition’s structure ensures that only the most innovative and viable ventures progress to the final round, where 24 elite startups will vie for the coveted EWC championship title on November 8.
Expert Evaluation and Assessment
A distinguished panel of judges, comprising leading experts in innovation, investment, and entrepreneurship, has been tasked with evaluating the competing startups. Their assessment focuses on identifying ventures that demonstrate exceptional potential for growth, innovation, and global impact. The rigorous selection process reflects Saudi Arabia’s commitment to fostering world-class entrepreneurial talent.
Global Impact and Innovation
The EWC’s presence at the Biban Forum 2025 underscores Riyadh’s growing status as a global hub for entrepreneurship and innovation. The diverse representation of participants from 47 countries highlights the competition’s international reach and Saudi Arabia’s role in connecting global entrepreneurial ecosystems.
Vision 2030 Alignment
The Entrepreneurship World Cup aligns perfectly with Saudi Arabia’s Vision 2030 objectives of diversifying the economy and fostering innovation. By hosting this prestigious global competition, the Kingdom demonstrates its commitment to supporting entrepreneurship, attracting international talent, and establishing itself as a leading destination for startup development and innovation in line with its economic transformation goals.