Partner for Success: LEAP 2024 Highlights & Opportunities

Fresh off the heels of LEAP 2024, the excitement is still palpable!? Our team agrees – this year's LEAP surpassed expectations. The spacious venue in Riyadh allowed for deeper conversations, and the sheer scale attracted an incredible mix of government, private sector heavyweights, and of course, the region's most promising startups. It's clear that LEAP is not just getting bigger, it's getting better.

Achievements That Matter

The leaps made at LEAP 2024 are a testament to the progress made towards achieving Saudis Vision 2030 goals:

• Record-Breaking Investment: Startup investment surged to a staggering USD 14 billion, a massive leap from 2023's USD 9 billion. This signals a surge of confidence in MENA's innovation potential.
• Global Connections: Over 215,000 visitors and 1,000 speakers converged on Riyadh, proving LEAP's power to foster international partnerships and put the region on the map.
• Rocket Fuel Award Winners: Reme-D (US), Newtrace (India), and Playbook (US) walked away with this year's USD 1 million award, showcasing the global reach and diverse industries represented at LEAP.

Innovation Partnerships: KACST's deals with SenseTime and CDT International, and Prince Sultan University's AI initiative with Intelmatix, demonstrate a commitment to building world-class tech capabilities and talent within Saudi Arabia.

LEAP: A Platform for Growth and Collaboration

As ecosystem builders, PARACHUTE16 witnessed firsthand how LEAP creates opportunities for businesses of all sizes:

• Startup Launchpad: Startups showcased their solutions, attracting investors, mentors, and securing crucial partnerships that will fuel their growth.
• Corporate Connections: The presence of established companies seeking innovative solutions fostered potential collaborations and intrapreneurship initiatives.

Ecosystem Building: LEAP nurtured the connections that form a thriving startup ecosystem.

Join Forces and Accelerate Innovation

Fueled by the success of LEAP 2024, PARACHUTE16 is ready to turn those exciting connections into concrete results. Our expertise lies in:

• Accelerator as a Service Programs: Nurturing startups from idea to market-ready success. Including startup accelerators, incubators, hackathons, and boot camps.?
• Entrepreneurship Ecosystem Activation: Building robust ecosystems across the MENA region, where ideas flourish. Including social entrepreneurship program, our p16 podcast, and our global founder community.?

Corporate Innovation as a Service: Unlocking the potential for innovation within established companies. Including intrapreneurship, CSR programs, executive innovation programs, & executive leadership program.

The Time is Now

The energy of LEAP 2024 shouldn't fade away. If you're a startup seeking momentum, a corporation looking to innovate, or an investor ready to fuel the next big idea, PARACHUTE16 is your partner for success.

Let's explore how we can leverage the momentum of LEAP to drive lasting innovation in the MENA region and beyond. Contact us to start the conversation!

PARACHUTE16 is an ecosystem enabler that supports startups looking to develop their MVP and launch it by building high-quality acceleration programs and services for growth purposes. If you want to build impact and accelerate your startup's growth, reach out to us to schedule a meet-up over coffee. You can contact us at [email protected]!

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