King Khalid Foundation inks deal for Jeddah Entrepreneurs Meet

Building on the theme of promoting the spirit of enterprise and with a key focus on social entrepreneurship development across Saudi Arabia, the King Khalid Foundation (KKF) and TRACCS signed a partnership agreement to launch the Jeddah Entrepreneurship Meet and Competition.
The competition is a unique program that opens doors for all budding entrepreneurs to present their ideas or existing business modules to be eligible for its mentorship and funding program.
Enhancing the development and understanding of social entrepreneurship, the KKF will serve as the strategic partner for the social entrepreneurship category. Encompassing a systematic participation, assessment, evaluation and training program the KKF and TRACCS have designed a specific process for this category.
The Jeddah EntrepreAneurs Meet and Competition is an entrepreneurial development and sustainability promoting platform open for women across the Kingdom to present innovative business ideas or existing businesses within three categories — social entrepreneurship, manufacturing and production and educational and lifestyle development.
The competition allows all potential candidates to apply online and go through the assessment and evaluation process.
“Social entrepreneurship is an avenue of key importance to us at the King Khalid Foundation and our partnership with TRACCS to launch the Jeddah Entrepreneurship Meet and Competition is centered on that segment as such. Social entrepreneurship isn’t about launching an idea or doing a community initiative as such it takes on a much bigger role its identifying a challenge and innovating a solution that is applicable, achievable and sustainable,” stated Princess Banderi bint Abdulrahman Al-Faisal, director general of the King Khalid Foundation.
“We are excited to witness the second phase of JEM and look forward to seeing more success stories that are integral components of the business and social community,” commented Sarah Al-Ayed, TRACCS co-founder and board member and chair of the Jeddah Entrepreneurs Meet and Competition.