LEAP24 Rocket Fuel competition gives out over $1mn to startups

NOHA.GAD
Feb 25, 2024

Riyadh - Sharikat Mubasher: LEAP 2024 Rocket Fuel competition will give out awards exceeding $1 million to participant startups.

The awards divide the startup entrants by size, scale, the impact they have had on society, amount of funding, years in business, and number of employees.

The six awards are the LEAP Award, the Shooting Star Award, The Aviatrix Award, the Technology for Humanity Award, The Into New Worlds Award, and The Artificial Intelligence Award.

The LEAP Award, worth $250,000, will be given to the strongest and most outstanding startup across the whole competition while the $150,000 Shooting Star Award will be handed out to the early-stage startup beginning their journey.

Amounting to $150,000, The Aviatrix Award will be dedicated to the best and most innovative startup pioneered by women founders.

Technology for Humanity Award will be given to the startup that best embodies the "tech for humanity" spirit of LEAP, while the Into New Worlds Award will be handed over to the most impressive startup occupying the Metaverse and Web 3.0 space. Each award is estimated at $150,000.

Furthermore, The Artificial Intelligence Award will be given to the startup that presents the most exciting and groundbreaking usage of artificial intelligence.

LEAP2024 will take place from 4 to 7 March in Riyadh to showcase a breathtaking amount of inspiring technology across all major sectors including health, finance, energy, education, digital entertainment, transport, smart cities, and more.


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