Saudi startup FlowGuard wins global first place at Hult Prize
FlowGuard, a KAUST-based startup, secured first place at the Hult Prize, marking Saudi Arabia’s debut victory with support from Monsha'at.
A Saudi startup called FlowGuard, operated from King Abdullah University of Science and Technology (KAUST), has triumphantly emerged as the global champion of the Hult Prize competition. This victory represents Saudi Arabia's first-ever entry into the international contest, facilitated by the Small and Medium Enterprises General Authority (Monsha at).
Monsha at played a pivotal role in this accomplishment, providing crucial support such as hosting the competition domestically, supplying indispensable expertise, and connecting the FlowGuard team with essential business opportunities. The team was the sole Arab participant among the 18,000 startups vying for the top spot across 130 countries.
FlowGuard secured the eighth position globally before ultimately claiming first place and securing a substantial $1 million seed investment for the company's future growth. This achievement underscores the transformative impact of Monsha at's support system, which spans from creating competitive opportunities and developing robust business models, to offering mentorship and linking startups to global markets.
Monsha at remains committed to empowering entrepreneurs and university startups through collaborations with universities and partners, fostering the development of Saudi companies capable of thriving on both local and international fronts.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
