Sponix Tech Advances to Entrepreneurship World Cup Global Finals

Feb 16, 2023

We are glad to announce that Sponix Tech is one of 100 impressive startups selected to compete for a share of US$1 million at the Entrepreneurship World Cup (EWC) Global Finals, organizers announced today. The finals are set to take place March 9-12 at Biban 2023, the largest event for entrepreneurs and small-to-medium-sized enterprises in Saudi Arabia.

The Entrepreneurship World Cup, co-hosted by the Global Entrepreneurship Network and the Small and Medium Enterprises General Authority in Saudi Arabia, Monsha’at, is one of the largest and most diverse pitch competitions and support programs for up-and-coming founders. Every year, entrepreneurs compete for a share of US$1 million in cash prizes and millions more worth of investment, support and publicity.

Since launching in 2019, EWC has attracted more than 400,000 registrations from 200 countries and connected founders with over US$3 million in cash prizes and another US$256 million worth of perks and free support and services.

The 100 finalists, known collectively as the EWC 100, were selected after succeeding in qualifier competitions and activities around the world from 53 countries. The top performing 250 companies were invited to participate in a three-day bootcamp, with 100 selected to pitch at the Global Finals.

“These companies and their founders have wowed us at every stage of the competition,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “They are on course to change lives with innovative solutions to the world’s most pressing challenges.”

The EWC 100 are based in: Africa (6), Asia (17), Europe (28), Middle East (12), North America (14), Oceania (2), South America (20) and the Caribbean (1).

While in Riyadh, the EWC 100 will experience Saudi Arabia’s emerging startup scene. In recent years, the ecosystem has seen transformational growth, reporting record highs in venture capital investments in 2020, 2021, and 2022.

In addition to competing for the grand $300,000 prize, startups will also vie in specialized categories based on sector (including tech and space and sustainability and environment) and impact (including social impact, sustainable development goals and women-led companies).

All 100 global finalists will receive $100,000 in in-kind services from partners such as AWS, Freshworks, Google Cloud, Hubspot, Stripe, Zoom and more.

The Entrepreneurship World Cup is made possible with support from a collection of national and global partners including One Valley, The Global Education and Leadership Foundation (tGELF), Entrepreneurs’ Organization, King Abdullah University for Science and Technology and Startup Genome. The Misk Foundation is a founding partner.

About the Entrepreneurship World Cup

The Entrepreneurship World Cup is one of the largest and most diverse pitch competitions and support programs of its kind. Every year, tens of thousands of entrepreneurs from 200 countries compete for US$1 million dollars in cash prizes and millions more worth of investment, support and publicity through national pitch competitions, bootcamps and a global finals event attended by leading investors. However, the Entrepreneurship World Cup is more than just a pitch competition. Co-hosted by the Global Entrepreneurship Network and Monsha’at with support from more than 100 partners world-wide, the competition connects applicants at all levels – from idea stage to scale-up – with world-class training, resources and mentorship to enhance their skills and take their ventures to the next level, regardless of whether or not they top the podium.

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