{"id":59272,"date":"2025-12-25T14:49:46","date_gmt":"2025-12-25T11:49:46","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=59272"},"modified":"2025-12-25T14:50:00","modified_gmt":"2025-12-25T11:50:00","slug":"devego-2025-entrepreneurship-forum-riyadh-4","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/devego-2025-entrepreneurship-forum-riyadh-4\/","title":{"rendered":"DeveGo 2025 Entrepreneurship Forum Concludes with 51 Strategic Agreements in Riyadh"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The&nbsp;<strong>DeveGo 2025 entrepreneurship forum<\/strong>&nbsp;officially concluded its second edition in Riyadh, recording 25,000 participants and the signing of 51 strategic agreements to empower the Kingdom&#8217;s startup ecosystem. Organized by the&nbsp;<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.sdb.gov.sa\/\">Social Development Bank<\/a>, the three-day event at the King Abdulaziz International Conference Center has established itself as a primary national platform for innovation and freelance work.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Context: Scaling the SME Sector<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As part of the&nbsp;<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.google.com\/search?q=\/vision-2030\">Saudi Vision 2030<\/a>&nbsp;objective to increase the GDP contribution of small and medium enterprises (SMEs) from 20% to 35%, the forum focused on providing actionable resources for local founders. This year\u2019s event saw a significant shift from general networking to specialized technical support, reflecting the maturing nature of the Saudi venture capital market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">New Specialized Financing Products<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">During the forum, the Social Development Bank launched three distinct financial instruments designed to address specific operational hurdles for micro-enterprises:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Capital Expansion Product:<\/strong>\u00a0A ceiling of SAR 10 million for asset development.<\/li>\n\n\n\n<li><strong>Payroll Product:<\/strong>\u00a0Up to SAR 2 million to support workforce stability.<\/li>\n\n\n\n<li><strong>Rental Product:<\/strong>\u00a0A SAR 1.5 million ceiling to cover commercial facility costs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why This Matters: Global Integration<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A key highlight of the event was the launch of the&nbsp;<strong>Saudi Empretec Fellowship<\/strong>, introduced in the presence of H.E. Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/unctad.org\/\">UNCTAD<\/a>). This partnership signals the Kingdom&#8217;s intent to align its entrepreneurial training with international standards, facilitating a smoother path for Saudi startups to scale globally.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond the formal agreements, the event featured over 45 workshops and 2,500 advisory sessions. The &#8220;NEXT UP Challenge&#8221; provided a practical bridge to capital, where 20 selected startups pitched directly to a pool of over 500 investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong>&nbsp;The conclusion of the forum marks a tactical step forward for the&nbsp;<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.google.com\/search?q=\/sdb-news\">Social Development Bank<\/a>&nbsp;in moving from traditional lending to a more integrated &#8220;innovation and knowledge&#8221; support model. With SAR billions in potential financing unlocked, the focus now shifts to the implementation of the 51 signed agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeveGo 2025 entrepreneurship forum wrapped up in Riyadh with 25,000 participants and 51 strategic agreements. The event featured the launch of specialized financing products by the Social Development Bank and the new Saudi Empretec Fellowship in partnership with UNCTAD.<\/p>\n","protected":false},"author":10,"featured_media":59273,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_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":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24,396],"tags":[],"class_list":["post-59272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-social-media","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DeveGo 2025 Entrepreneurship Forum Concludes in Riyadh - Saudishopper<\/title>\n<meta name=\"description\" content=\"The DeveGo 2025 entrepreneurship forum concluded with 25,000 attendees and 51 agreements to empower Saudi startups. 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