{"id":39654,"date":"2023-02-13T09:33:23","date_gmt":"2023-02-13T06:33:23","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=39654"},"modified":"2026-03-28T02:45:29","modified_gmt":"2026-03-27T23:45:29","slug":"saudi-arabias-plastus-seals-top-prize-in-leap23-s-us1-million-rocket-fuel-startup-pitch-challenge","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/saudi-arabias-plastus-seals-top-prize-in-leap23-s-us1-million-rocket-fuel-startup-pitch-challenge\/","title":{"rendered":"<strong>Saudi Arabia\u2019s Plastus Seals Top Prize in #LEAP23 \u2019s US$1 Million Rocket Fuel Startup Pitch Challenge\u00a0<\/strong>"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><strong><em>Biodegradable bioplastics manufacturer takes home US$250,000 main prize after wowing panel of Dragons\u2019 Den, Shark Tank India, and angel investor judges&nbsp;<\/em><\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Riyadh, Kingdom of Saudi Arabia \u2013 February 10, 2023:<\/strong>&nbsp;Saudi Arabia\u2019s Plastus, which produces 100 per cent biodegradable bioplastics through the fermentation of bacteria, scooped the US$250,000 main prize at this year\u2019s LEAP Rocket Fuel Startup Pitch Challenge, powered by Saudi Arabia\u2019s National Technology Development Programme (NTDP), after wowing a star-studded judging panel in Riyadh.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Concluding on the final day LEAP23, the world\u2019s most visionary technology event, the second annual LEAP Rocket Fuel Startup Pitch Challenge was a collaboration between the Kingdom\u2019s Ministry of Communications and Information Technology (MCIT), the MiSK Foundation, and NTDP.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Challenge saw 90 global startups whittled down to 12 finalists selected to pitch before a five-strong judging panel comprising&nbsp;<em>Dragons\u2019 Den<\/em>&nbsp;stars James Caan and Steven Bartlett,<em>&nbsp;<\/em>Saudi angel investor Tala Al Jabri, Baroness Karren Brady CBE &#8211; aide to&nbsp;<em>The Apprentice\u2019s<\/em>&nbsp;Alan Sugar &#8211; and&nbsp;<em>Shark Tank India<\/em>\u2019s Ghazal Alagh.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Praising the assembled finalists for their innovative potential, Bartlett said: \u201cI\u2019m exceptionally inspired by both the diversity of the founders and the diversity of their teams. It\u2019s really inspiring to see that, and I think their focus on diversity gives them a great chance to be successful.\u201d&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801-1024x684.webp\" alt=\"The second annual LEAP Rocket Fuel Startup Pitch Challenge was a collaboration between the Kingdom\u2019s MCIT, the MiSK Foundation, and NTDP_ssict_1200_801\" class=\"wp-image-39657\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801-1024x684.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801-768x513.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801-1080x721.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/The-second-annual-LEAP-Rocket-Fuel-Startup-Pitch-Challenge-was-a-collaboration-between-the-Kingdoms-MCIT-the-MiSK-Foundation-and-NTDP_ssict_1200_801.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<em>Dragons\u2019 Den<\/em>&nbsp;star\u2019s sentiments were echoed by Al Jabri, who added: \u201cIt\u2019s been a real honour listening to all the pitches. It\u2019s clear everyone put a lot of effort, heart, and soul into this process. It\u2019s been a genuine thrill to watch, observe, and ask questions.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to Plastus sealing the main prize, Rwanda\u2019s Bag&nbsp;Innovation secured the early-stage startup prize of US$150,000. Other prizes included the Aviatrix Award for most innovative startup pioneered by women, which went to Saudi Arabia\u2019s Takadao; the Technology for Humanity Award won by Nigeria\u2019s RiceAfrika; Wicrypt, also from Nigeria,taking home the most impressive startup in the Metaverse and Web 3.0 domains; and, finally, the UAE\u2019s Verofax, which was recognised for the most ground-breaking use of Artificial Intelligence.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is so huge. It will make it possible to finish the entire retrofitting stage and make so much happen for us. I\u2019m speechless,\u201d said Plastus CEO Nouf Alhazmi, whose company produces bioplastics that fully break down in the environment in two months but have a shelf-life of two years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The final day of LEAP23 also saw the US$532,000 Alibaba Cloud Saudi Hackathon winners announced. The four-day Hackathon took place from January 29 until February 1, with 25 teams receiving cash prizes ranging from US$6,667 to US$80,000. The grand prize was won by team JMM Innovations, who top-scored for their use of Alibaba Cloud technology to facilitate deployment, development, scalability, and fast go-to market solutions over numerous different scenarios.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801-1024x684.webp\" alt=\"Saudi Arabia?s Plastus Se als Top Prize in LEAP23\u2019s US$1 Million Rocket Fuel Startup Pitch Challenge_ssict_1200_801\" class=\"wp-image-39656\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801-1024x684.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801-768x513.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801-1080x721.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/02\/Saudi-Arabias-Plastus-Se-als-Top-Prize-in-LEAP23s-US1-Million-Rocket-Fuel-Startup-Pitch-Challenge_ssict_1200_801.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on LEAP, which MCIT powers in conjunction with Tahaluf \u2013\u00a0a\u00a0strategic joint venture co-owned by\u00a0<em>Informa<\/em>PLC and the SAFCSP \u2013\u00a0please visit\u00a0<a href=\"https:\/\/www.onegiantleap.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.onegiantleap.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Kingdom of Saudi Arabia \u2013 February 10, 2023:&nbsp;Saudi Arabia\u2019s Plastus, which produces 100 per cent biodegradable bioplastics through the fermentation of bacteria, scooped the US$250,000 main prize at this year\u2019s LEAP Rocket Fuel Startup Pitch Challenge, powered by Saudi Arabia\u2019s National Technology Development Programme (NTDP), after wowing a star-studded judging panel in Riyadh. Concluding [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":39655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":19,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-39654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is 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