The Minister of Industry and Mineral Resources, and Chairman of the Board of Directors of the Saudi Industrial Development Fund (SIDF), Bandar bin Ibrahim Al-Khorayef, and Prince Sultan bin Khalid bin Faisal, CEO of the SIDF, crowned the winning teams of the second edition of the “Industrial Hackathon”.
Launched by the SIDF to encourage youth contribution in developing industrial sectors, the Industrial Hackathon introduces innovative solutions to the challenges facing national manufacturers through three aspects: design, production, and sustainability.
In the design track, the PSU Industry 4.0 team secured the first-place position, with the THROUGH team taking second place. In the production track, the BRDAN team claimed first place, while the Mankhal team earned the second-place spot. In the sustainability track, the HEXA team emerged as the first-place winner, followed by the E-VIVE team in second place. The RedNest team was recognized for presenting the most outstanding solution to the challenge posed by the Red Sea International Company (RSI) during the hackathon.
The first-place winning teams received a prize worth SAR 50,000 for each team, and the second-place winning teams won a prize of SAR 35,000 for each team, while the winning team in the Red Sea International Company (RSI) Challenge received a prize of SAR 25,000
The industry and mineral resources minister congratulated the participants in the current edition, extending his thanks to all the entities supporting the Hackathon from the public and private sectors.
Al-Khorayef reiterated that the Hackathon reflects the Industrial Fund’s continued commitment to supporting national manufacturers, embracing and supporting innovators, being one of the most important platforms that gather talents and creative ideas in a number of diverse industrial fields and challenges.
He also pointed out that the Hackathon aims to support national companies and factories, by devising creative solutions to the challenges that the manufacturers face, and contributing to the growth of national products and promoting them at the local and global levels.
He also emphasized that the Hackathon aims to bolster national companies and factories by devising innovative solutions to the challenges they encounter, contributing to the advancement of domestic products and enhancing their visibility both locally and globally.
The Industrial Hackathon is also an opportunity to learn about the creative potential in Saudi society that can contribute to achieving the goals of Saudi Vision 2030 and the National Strategy for Industry.
The total prize pool for the second edition of the Hackathon amounted to more than SAR 1,000,000.
This edition was also held in partnership with King Abdullah University of Science and Technology (KAUST) as an innovation partner, Riyad Bank as a financial partner, and Sipchem Company as a Platinum sponsor.
Source: Saudi Press Agency