The IsDBG’s Private Sector Institutions honor the winners of the PSF 2023 startup pitch competition in the IsDBG member countries

The IsDBG’s Private Sector Institutions honor the winners of the PSF 2023 startup pitch competition in the IsDBG member countries

Jeddah: In the sidelines of the forty-eighth Annual Meeting of the Islamic Development Bank Group (IsDBG) and during the work of the Private Sector Forum in its 11th edition, which is hosted by the city of Jeddah from May 11th to 13th, the group honored the winners of the startup pitch competition after presenting their innovative projects and ideas, which were organized by Private Sector Institutions under the Bank Group, Islamic Corporation for Insurance of Investments and Export Credits (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), and International Islamic Trade Finance Corporation (ITFC), with the support of the Private Sector Forum and the Islamic Solidarity Fund for Development (ISFD) as well as the Economic Empowerment Department of the IsDB, and the local partners from government institutions and the private sector in the Kingdom of Saudi Arabia and all other member countries.

The competition included two tracks, the first for presenting ideas and the second for startups.

Saudi Arabia accounted for 67% of the innovative projects for the startup competition, which targets small and medium digital companies and startups looking to facilitate the provision of digital services and solutions across borders and various fields that are interoperable, while accelerating