The Misk Global Forum and the Global Entrepreneurship Network (GEN) brought the new Entrepreneurship World Cup to India today, as part of the Saudi Forum in New Delhi.
In addition to Indian startups, up to 100,000 businesses from 100 countries are expected to take part in the contest during 2019.
The Entrepreneurship World Cup (EWC) combines a broad-reaching pitch competition, aimed at ventures ranging from idea stage to growth stage, with a virtual accelerator program to help all participants launch, strengthen and scale their enterprises. The participants will be guided through four different stages throughout 2019:
Accelerate I - a series of virtual education and training opportunities.
National Competitions - occurring live or virtually across all participating countries. The winners will receive national prizes and advance to the next stage.
Accelerate II - the national winners will experience a combination of advanced virtual training sessions and focused one-to-one mentorship prior to regional selections of global finalists, who will receive a free trip to compete in the Global Final.
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Global Final - held at this year's Misk Global Forum (in Riyadh on 12 November), where finalists will receive live training sessions, and compete on stage for millions of dollars in prize money and support services that will transform their enterprises.
Organized by the Saudi Arabian General Investment Authority (SAGIA) in New Delhi's Grand Hotel, the Saudi Forum is a key element of the delegation to India led by Crown Prince Mohammed bin Salman.
In addition to revealing details about the EWC, Misk Global Forum hosted a panel discussion: Future Forward Youth - How Young Entrepreneurs Are Leading The Way. Moderated by Uday Pratap Singh, Senior News Correspondent at News X, the panel's speakers were
Shiv Khemka, CEO, Sun Group
Pulkit Srivastava, Co-founder, Shouut
Aanchal Gupta, Founder, Avam Foundation
Jonathan Ortmans, President, Global Entrepreneurship Network
Asma Siddiki, Interim Dean of the College and Vice-Dean of Student Affairs, Prince Mohammad bin Salman College, Saudi Arabia
Misk also arranged a Saudi cultural exhibition, featuring live music, photography and a virtual reality film.
Shaima Hamidaddin, Misk Global Forum's Executive Manager, said: "With half of India's 1.3 billion population aged under 25, we expect the EWC will attract many strong entries from ambitious Indian entrepreneurs. In addition, we believe the Crown Prince's visit will enable Misk to work closely with Indian partners as we help young people in both countries realize their full potential."
Jonathan Ortmans, GEN's President, said: "In recent years, we have seen a strong commitment from the government in India to empower its entrepreneurs. But while government can help set the right conditions for them to succeed, nascent entrepreneurs still need access to knowledge, resources and networks to reach their full potential. The EWC will make it easier for talented and dedicated young Indians with great ideas to receive the support they need to start and scale a new venture." This story is provided by NewsVoir.
Disclaimer: No Business Standard Journalist was involved in creation of this content
