RIYADH: Winners of the fourth Industrial Hackathon will gain access to a special program that helps turn their ideas into reality through implementation by Saudi factories for potential investment returns, revealed a senior minister.
In an interview with Al-Eqtisadiah, Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Industrial Development Fund Bandar Alkhorayef emphasized the importance of supporting young innovators and following up on their projects.
The camp featured 229 contestants representing 60 teams across four main tracks: design, production, sustainability, and automation — the latter newly introduced for this edition.
According to a statement, total prize money exceeded SR1.7 million ($450,000), distributed among the top three entries in each of the four challenge tracks: Design, Production, Sustainability, and Automation.
The winners in each track received SR120,000, second-place teams were awarded SR80,000, and those in third-place got SR60,000, recognizing their creative efforts and innovative contributions across diverse industrial fields.
