Biban24: A global platform for promoting entrepreneurship in Saudi Arabia and supporting promising projects.
Biban24 is a prominent global event in entrepreneurship, organized by the Small and Medium Enterprises General Authority (Monsha'at) in Saudi Arabia. The event aims to enhance the entrepreneurial environment and support both local and international entrepreneurs. It serves as a strategic platform for knowledge and experience exchange, offering rich investment and training opportunities.
Biban has been held multiple times over the years, demonstrating its significant role in supporting and developing the entrepreneurial ecosystem in the Kingdom. Today, it stands as one of the most important entrepreneurial platforms in the region. The forum annually brings together investors, entrepreneurs, and decision-makers, fostering collaboration and business development. It has showcased inspiring success stories of entrepreneurs who have developed their projects and achieved tangible results, thanks to the opportunities the forum offered them.
The Biban Forum is a vital platform for supporting small and medium enterprises (SMEs), which are essential to the GDP. Statistics indicate that this sector plays a significant role in bolstering the national economy by creating new job opportunities and fostering innovation. As such, SMEs are key to achieving the Kingdom's Vision 2030, which aims to substantially increase their contribution to the GDP.
In previous editions of the forum, many entrepreneurs successfully launched their projects with the direct support of investors and donors. The forum has seen the growth of startups in technology, health, and education, attracting significant investments and contributing to business expansion both locally and regionally. This highlights Biban as a platform that draws investors' attention to promising projects.
Biban24 is held under the slogan "A Global Destination for Opportunities" and encompasses nine key themes that enhance the forum's integration and inclusiveness. These themes include entrepreneurship, e-commerce, franchising, innovation, startups, finance and investment, skills development, government and private support, and investment opportunities. This diverse range of topics reflects the varied interests of the forum, which gives the participants access to multiple resources that align with their needs.
Biban24 exemplifies the Kingdom's commitment to achieving Vision 2030 by promoting economic diversification and reducing reliance on oil. By fostering an innovative entrepreneurial ecosystem, the forum supports the Kingdom’s goal of increasing the contribution of SMEs to approximately 35% of GDP, reinforcing Saudi Arabia's position as a sustainable economic powerhouse.
Through this forum, the Kingdom aims to become a leading platform that competes with global entrepreneurial events like the "Web Summit" and the "Innovation Summit." Biban focuses on attracting both global and local expertise to create an ideal environment for startups to connect with international investors and build long-term partnerships. The Biban Forum gathers supporters from various sectors, including numerous ministries, banks, large companies, and government agencies, offering diverse opportunities for venture capital. It facilitates direct communication between entrepreneurs and financiers, allowing startups to access the essential resources needed to develop their businesses.
Biban24 offers a variety of training opportunities through specialized workshops and courses that cover topics such as financial planning, digital marketing, product development, and entrepreneurial strategies. Additionally, it provides targeted advisory sessions to help entrepreneurs enhance their personal and professional skills. These initiatives aim to improve the performance of small and medium enterprises, thereby strengthening their role in the national economy.
Biban24 will showcase over 10,000 investment opportunities and highlight 840 local and international startups across sectors such as finance and investment, franchising, innovation, and e-commerce. The forum will also provide funding opportunities for startups, creating an ideal platform for investors to evaluate projects and explore collaboration and expansion prospects.
Biban transcends the traditional emphasis on short-term financial results by promoting support for innovative ideas, thereby fostering sustainable growth opportunities for startups. This approach contributes to an environment that encourages innovation and renewal, positioning the Kingdom among the leading countries in entrepreneurship.
With unwavering government support led by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and His Highness Crown Prince Mohammed bin Salman, the entrepreneurship sector in the Kingdom is experiencing an unprecedented revival. This support reflects a visionary approach that prioritizes youth and innovators in national development, fostering an environment that empowers them to transform their ideas into tangible projects that strengthen and diversify the economy. Thanks to this inspiring vision, the Kingdom is making confident strides toward becoming a global hub for innovation and investment, reaffirming its commitment to providing opportunities for all and continuing its journey toward a prosperous and sustainable economic future.
The Kingdom of Saudi Arabia invites local and international investors and entrepreneurs to register for Biban24 through the forum's official website. Participants can register as investors and evaluate proposed projects, enhancing investment opportunities, supporting the national economy, and contributing to the goals of Vision 2030.
