Misk City, stc host ‘Metathon’ to nurture Saudi tech talent

The Metathon competition, which recently concluded, elicited participation from more than 10,000 Saudi talents, who showcased built immersive use cases and virtual experiences in retail.
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Updated 20 December 2023
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Misk City, stc host ‘Metathon’ to nurture Saudi tech talent

stc group, an engine of digital transformation, and Mohammed Bin Salman Nonprofit City, better known as Misk City, the world’s first nonprofit city, have announced the conclusion of the “Metathon” competition. The competition aimed to discover and nurture promising Saudi talents in the field of technology and to explore innovative horizons in emerging technologies. Metathon was conducted in partnership with iot squared — a joint venture between stc and the Public Investment Fund, the Saudi Cloud Computing Company and community partner Saudi Data Community, a leading enabler and facilitator of data communities in the region.

The competition elicited participation from more than 10,000 Saudi talents, with 70 shortlisted participants across 14 teams, showcasing built immersive use cases and virtual experiences in education, retail, tourism and virtual events/concerts. These immersive virtual experiences were created on the Kingdom’s first national metaverse platform hosted on SCCC. The competition concluded with a Demo Day at The City Hub, a physical co-working space for Misk Foundation beneficiaries to convene in person, collaborate and learn together. A judging committee comprising metaverse experts evaluated the metaverse experiences developed by the participating teams over the past three months.

The Metathon competition reinforced Misk City’s central role as a thriving destination that supports innovation and entrepreneurship, and nurtures future leaders.

stc Group is spearheading the development of a cohesive technology ecosystem and is committed to the continuous growth of the digital and communications sectors. The group supported this competition by empowering teams in multiple ways, from leveraging its digital library to providing access to valuable learning resources, consultations and guidance from emerging technology experts. The group’s subsidiaries, represented by iot squared and SCCC, provided a supportive and inclusive environment to hone the skills and unleash the innovative potential of the participating Saudi talents.

stc and Misk City share a vision to create an enabling environment for innovation and excellence through the Metathon challenge. The event allowed participants to discover the best metaverse experiences through valuable expertise and insights that will contribute to the development of the future of Misk City. The challenge also contributed to discovering a pool of promising talents in emerging technologies, empowering them to play a pivotal role in fostering sustainable growth in the digital field.


‘Deal Day’ connects water startups with investors at Jeddah conference

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‘Deal Day’ connects water startups with investors at Jeddah conference

Deal Day, held as part of the Innovation in Water Sustainability Conference in Jeddah, brought together leading innovators and investors at one of the region’s most significant platforms for advancing water technologies. The event showcased 36 startups presenting innovative solutions for the water sector, including 12 winners of the Global Prize for Innovation in Water, to an audience of more than 50 investors and investment funds representing 10 countries.

Participants presented innovative solutions focused on water production, treatment, and reuse. The combined market value of the participating companies exceeded SR1 billion ($266.6 million), reflecting strong investment momentum and the expanding opportunities in water technology development.

Deal Day is organized under the umbrella of the Saudi Water Innovation Center, the innovation arm of the Saudi Water Authority. The center focuses on developing innovations and building startups specializing in desalination, treatment, and reuse. It strengthens the national innovation ecosystem through incubation programs, accelerators, and the transfer of technologies from the research and development stage to commercial application.

The event featured two main tracks. The first is the Innovation Track, which focuses on transforming ideas into practical applications during hackathon stages, through a development environment that encourages collaboration and learning, serving innovators, researchers, and entrepreneurs.

The second is the Investment Adoption Track, which accelerates the adoption of ready-to-implement innovations and directly connects patents to the market, enabling investors and creating practical opportunities for startup growth while speeding technology transfer.

Deal Day serves as an investment platform that bridges innovation with funding through project pitch sessions and one-on-one meetings that help build commercial agreements and partnerships. It supports the transition of innovations from development to real-world implementation across vital sectors.

This event enhances the presence of startups in the water sector both locally and internationally, aligning with future technology development trends and expanding investment in sustainability solutions.