NERv Technology is an Innovation Factory client and was the first runner-up in the 2019 Synapse Life Science Competition. For more information about NERv Technology visit their website at www.ne-rv.com.
- NERv Technology wins US$500,000 in cash, Shenzen Prize to expand in China, and thousands of dollars of in-kind-support.
- Winner selected from 100,000 entrants from 185 countries, following year-long competition conducted by the Misk Global Forum.
- The other top five finalists were Koniku Inc. (USA), Red Sea Farms (Saudi Arabia), Sumato-ID (Argentina) and SUN Mobility (India).
Riyadh, Saudi Arabia, 14 November 2019
The global finals of the 2019 Entrepreneurship World Cup (EWC) concluded today at the fourth edition of the Misk Global Forum (MGF). The winner was NERv Technology Inc. (www.ne-rv.com) from Canada, an innovative monitoring system for post-operative patients that strives to ensure that no patient loses their life because of an undetected post-operative complication. NERv Tech. received a US$500,000 cash prize, in addition to a number of support and in-kind-opportunities from EWC partners around the world. This included the “Shenzen Prize” to help the company expand in China.
Speaking after the awards ceremony, Amr Abdelgawad, COO and co-founder of NERv Tech., said: “the experience has been absolutely fantastic. We’ve been around like-minded individuals from hundreds of different countries, speaking different languages, engaging with people from different cultures, but we all have one thing in mind – we’re all persistent and working really hard to make our startups a success. To be the winner today is a testament to everything we’ve been doing, we’ve been working really hard for five years in order to make this dream a reality.”
The EWC global finals in Riyadh were the culmination of a year-long competition organised by the Misk Global Forum and the Global Entrepreneurship Network (GEN), along with a number of regional and strategic partners including Global Silicon Valley Labs (GSV Labs) and the Global Education and Leadership Foundation (tGELF). Over the course of 2019, 102,000 entrants from 187 countries were narrowed down through national and regional finals to 100 startups from 67 countries.
Arriving in Riyadh last week, the 100 finalists enjoyed a two-day bootcamp at the King Abdullah University of Science and Technology (KAUST), to make last-minute adjustments and improvements to their pitches under the eye of expert mentors, and with feedback from each other. Over the two days of the Misk Global Forum, these 100 startups were gradually narrowed down through heats and elimination stages to a final five. Taking to the stage, the finalists were selected by a panel of four international judges, all of them world leaders in business and entrepreneurship, and an audience vote. The final five were:
- 1st place: NERv Technology Inc. from Canada
- 2nd place: Koniku Inc. from the United States
- 3rd place: Red Sea Farms from Saudi Arabia
- 4th place: Sumato-ID from Argentina
- 5th place: SUN Mobility from India
Abdulrahman Al Suhaymi, who leads the EWC, the flagship entrepreneurship initiative at Misk, said: “Firstly, huge congratulations to our finalists and to NERv Technology. They are truly inspirational. While we called this event the finals, it’s really just part of the longer entrepreneurial journey all startups are on together. There are no losers in the EWC; all the entrants are now part of a truly global network of fellow innovators. They’ve all won the most important things to any startup: global experience, insight into new markets, and potential partners and collaborators. We’re incredibly proud and excited for them all and look forward to seeing what they achieve next.”
Jonathan Ortmans, President of the Global Entrepreneurship Network, said: “Through the Entrepreneurship World Cup, our focus is on making it possible for anyone – anywhere – to start and scale a new company that solves a problem or fills a need. These entrepreneurs, not just the winners but everyone that participated in this competition, have already taken the next step in their journey by trying, learning and competing. Through their startups and through their passion, they will make the world a better place.”
The 2019 Entrepreneurship World Cup was the largest and most diverse global pitch competition of its kind. The next edition of the EWC will launch in 2020, continuing throughout the year to discover and empower new entrepreneurs from across the globe.
About the Entrepreneurship World Cup. The 2019 EWC was the biggest and most diverse startup pitch competition and support program of its kind, featuring 100,000 entrepreneurs from 185 countries. It offered winners life-changing prizes, including training and resources, networking and connection opportunities, investment, and cash-prizes totalling US$5 million. It also supported all entrants with a virtual incubator, enabling them to refine and hone their pitches throughout the competition. The EWC had five stages of participation:
- Education and virtual training
- National Finals
- Virtual and direct training sessions in preparation for Global Finals
- Live training sessions and on-stage competitions
- Global peer network offering mentorship and support service
About the Misk Global Forum
The Misk Global Forum (MGF) is the flagship international platform of the Misk Foundation, a non-profit philanthropic foundation established by Saudi Arabia’s Crown Prince Mohammed bin Salman to discover, develop and empower Saudi youth to become active participants in the future economy.
Since its launch in 2016, MGF has extended Misk’s mission to young people across the globe. Through international events, research and global initiatives, MGF brings together emerging and established leaders, innovators, and creators to explore, experience and experiment with ways to meet the challenge of change. MGF focuses on three core areas across its activations: skills for the future economy; entrepreneurship and employment; and active global citizenship. Website: https://miskglobalforum.com/about-mgf/
About the Misk Foundation
Prince Mohammed bin Salman Bin Abdulaziz Foundation (the Misk Foundation) is a non-profit philanthropic foundation established by H.R.H. Crown Prince Mohammed bin Salman to discover, develop and empower Saudi youth to become active participants in the knowledge economy. Misk specifically focuses on four key areas: education, creative and digital media, technology, and culture and arts. Misk pursues this agenda both through its own programs, and through partnerships with local and global organizations. Website: https://misk.org.sa/en/
About the Global Entrepreneurship Network
The Global Entrepreneurship Network operates a platform of projects and programs in 170 countries aimed at making it easier for anyone, anywhere to start and scale a business. By fostering deeper cross border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth.