LEAP Tech Event

Last updated
LEAP Tech Event
Leap Tech Event Logo.svg
LEAP Tech Event 2024.jpg
2024 LEAP Tech Event
StatusActive
Genre Technology
VenueMalham, Riyadh, Saudi Arabia
Location(s) Riyadh
Coordinates 25°15′5.8″N46°23′12.98″E / 25.251611°N 46.3869389°E / 25.251611; 46.3869389
Country Saudi Arabia
Inaugurated1–3 February 2022
Founders MCIT, SAFCSP, Tahaluf
Most recent4–7 March 2024
Attendance100,000+ (2022)
172,000+ (2023)
215,000+ (2024)
Website onegiantleap.com

LEAP is an annual tech event that was founded in 2022 by the Ministry of Communication and Information Technology (Saudi Arabia) (MCIT), the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) and Tahaluf, an Informa company. The event was hosted in Riyadh, Saudi Arabia. [1] [2] [3] [4] [5]

Contents

The conference’s topics include Fintech, Edutech, Smart Cities, Health technology, Fourth Industrial Revolution (4IR), Creative Economy, Future Energy, Gaming, Space, Retail and Artificial Intelligence (AI). [6]

DeepFest, the region's AI event is co-located with LEAP as it's LEAP's dedicated AI stream. DeepFest is powered by Saudi Authority for Data and Artificial Intelligence (SDAIA) and organized by Tahaluf. [7] [8]

History

LEAP was founded by Informa Tech, SAFCSP and MCIT, and the first event was held in Riyadh, Saudi Arabia, on 1–3 February 2022. The event noticed over 100,000 visitors in the period of three days. [9]

About 700 tech companies, 330 investors, and 500 CEOs and tech experts participated in LEAP 2022. The event tallied to over $6.4 billion worth of initiatives and programs. [10] [11] [12] [13]

The event also conducted its "Rocket Fuel Start-up Competition" where altogether a million USD was awarded to promising start-ups. [14] The event also hosted the world's largest Kaleidoscope with a length of 40-meter. [15] [16] [17]

LEAP 2023, the second edition of the annual tech event took place in Riyadh, Saudi Arabia from 6-9 February, 2023. Over the four days, LEAP hosted more than 172,000 visitors, 900 exhibitors, 700 speakers who spoke on 11 stages from 50 countries, 500 start-ups, and 1026 investors with a combined AUM of 2 trillion. [18] [19] [20] [21]

At LEAP 2023, six start-ups have won a share of a $1 million prize fund at Rocket Fuel, the start-up pitch competition. [19] Some of the notable companies in attendance included Hiroshi Ishiguro, Magic Keys, bHaptics, and Mirror. [6]

LEAP 2024, the third edition of the annual tech event took place in Malham, Riyadh, Saudi Arabia from 4 to 7 March 2024. [22] [23] Over the four days, LEAP hosted more than 215,000 visitors, [24] 1,800 exhibitors, 1,100 speakers who spoke on 10 stages and 19 tracks, more than 600 start-ups, 1,600 investors with a combined AUM of $4.89 trillion, [25] [26] and between $11.9 billion and $13.4 billion announced as an investment. [27] [28] [24]

At LEAP 2024, six start ups won a share of a $1 million prize fund at the third Rocket Fuel, the start-up pitch competition. [29] [30] Some of the notable companies in attendance included AbuErdan, One Verse, Ubilite, NewTrace, Next Generation, Hyperlume and Lisan AI. [31]

Speakers and partners

The speaking panel has included many top-level executives, government officials, sportspersons, and subject matter experts, including Abdulaziz bin Salman Al Saud, Börje Ekholm, Peggy Johnson, Stephane Houdet, Eugene Kaspersky, Michel Salgado, Christian Klein, Makaziwe Mandela, Maëlle Gavet, [32] [33] [34] Susan Kilrain, Sian Proctor, [35] Karren Brady, Steven Bartlett, [36] Bill McDermott, Arvind Krishna, Heather Mohanan, Shou Zi Chew, Eric Yuan, Anne Neuberger, Mo Gawdat, Adam Selipsky, Sol Rashidi, Ciku Mugembi, Dr. Omar Hatamleh, Jordi Van Den Bussche (Kwebbelkop) and Elizabeth Adams. [37] [38]

LEAP's sponsors and partners include venture capitalists, Fortune 500 companies, government agencies, education institutes and start-ups, including Microsoft, Cisco, SAP SE, Citrix, IBM, Zoom, Hitachi, Ericsson, Huawei, [39] [40] [41] PWC, Aramco, Tonomus, Deloitte IPERA, Google, Meta, Mobily, STC, Amazon Web Services, ServiceNow, TikTok and Cloudflare. [28] [42] [43]

See also

Related Research Articles

<span class="mw-page-title-main">SoftBank Group</span> Japanese investment holding company

SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.

<span class="mw-page-title-main">Saudi Telecom Company</span> Saudi Arabian telecommunications company

Saudi Telecommunication Company (Group) (stylized as stc; Arabic: شركة الاتصالات السعودية) provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and broadband & cloud computing services. stc Group also offers online payments, telecommunications, IOT, 5G, e-gaming, cybersecurity, digital entertainment, and fintech.

Anthropic PBC is an American artificial intelligence (AI) startup company, founded by former members of OpenAI. Anthropic has developed a family of large language models named Claude.

<span class="mw-page-title-main">Tourism in Saudi Arabia</span>

Saudi Arabia is the second biggest tourist destination in the Middle East with over 16 million visiting in 2017. Although most tourism in Saudi Arabia still largely involves religious pilgrimages, there is growth in the leisure tourism sector. As the tourism sector has been largely boosted lately, the sector is expected to a significant industry for Saudi Arabia, reducing its dependence on oil revenues. This is proved as tourism sector is expected to generate $25 billion in 2019. Potential tourist areas include the Hijaz and Sarawat Mountains, Red Sea diving and a number of ancient ruins.

<span class="mw-page-title-main">Lux Capital</span> American venture capital firm

Lux Capital is a venture capital firm based in New York City. It was founded in 2000, and focuses on investments in emerging technologies.

<span class="mw-page-title-main">Brainly</span> Educational technology company

Brainly is an education company based in Kraków, Poland, with headquarters in New York City. It is an AI-powered homework help platform targeting students and parents. As of November 2020, Brainly reported having 15 million daily active users, making it the world's most popular education app. In 2024, FlexOS reported Brainly as the #1 Generative AI Tool in the education category and the #6 Generative AI Tool overall. Also in 2024, Andreessen Horowitz reported Brainly as #6 in the Top 50 Gen AI Mobile Apps by monthly active users.

<span class="mw-page-title-main">Magic Leap</span> American augmented reality hardware manufacturer

Magic Leap, Inc. is an American technology company that released a head-mounted augmented reality display, called Magic Leap One, which superimposes 3D computer-generated imagery over real world objects. It is attempting to construct a light-field chip using silicon photonics.

AstroLabs is a Dubai-based digital capability building company & Google for Startups (GFS) co-working space member of the GFS Tech Hub Network, with offices in Riyadh and Beirut.

Careem is a Dubai-based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. The company, which was valued at over US$2 billion in 2018, became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. Careem expanded into the food delivery business with Careem Now in November 2018, which evolved into Careem Food as well as the rapid grocery delivery service Careem Quik in 2020, and launched a digital payment platform, Careem Pay in April 2022. In April 2023, Careem's Super App business was spun out into a new legal entity, which e& acquired a 50.03% stake in, while Uber maintains full ownership of Careem's ride-hailing business. The Super App currently offers 20 digital services in the UAE including ride-hailing, food, grocery, micromobility, DineOut, and a subscription-based service - Careem Plus, amongst others

<span class="mw-page-title-main">Neom</span> Future city in Tabuk, Saudi Arabia

Neom is a new urban area being built by Saudi Arabia in Tabuk. Launched in 2017 by crown prince Bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of Aqaba and south of Jordan. The total planned area of Neom is 26,500 km2 (10,200 sq mi). Multiple regions are planned, including a floating industrial complex, global trade hub, tourist resorts and a linear city powered by renewable energy sources.

Pony.ai is a global autonomous vehicle technology company co-located in Silicon Valley, Beijing, and Guangzhou.

WeRide is an international L4 autonomous driving technology company. Holding driverless test permits both in the U.S. and China.

<span class="mw-page-title-main">SoftBank Vision Fund</span> Venture capital fund

The SoftBank Vision Fund is a venture capital fund founded in 2017. It is managed by SoftBank Investment Advisers, a subsidiary of the SoftBank Group. With over $100 billion in capital, it is the world's largest technology-focused investment fund. In 2019, SoftBank Vision Fund 2 was founded. The total fair value of both funds as of 31 March 2021 was $154 billion.

<span class="mw-page-title-main">Black Hat Middle East and Africa</span> Cybersecurity convention in Saudi Arabia

Black Hat Middle East and Africa formerly @HACK is a three-day cybersecurity and hacking convention that annually takes place in Riyadh, Saudi Arabia, during Riyadh Season. It is one of the largest conventions in its industry.

<span class="mw-page-title-main">Savvy Games Group</span> Saudi video game company

Savvy Games Group is a Saudi multinational video game investment, development, publishing and Esports company based in Riyadh, Saudi Arabia. Established in 2021, the company was founded by the Saudi Arabia's sovereign wealth fund Public Investment Fund to foster the growth of the gaming industry in Saudi Arabia and to invest in foreign video game companies.

<span class="mw-page-title-main">Eric Newcomer</span> American journalist

Eric Newcomer is an American journalist known for reporting on Silicon Valley and the startup industry. He is the founder of Newcomer, a media outlet that covers startups and venture capital, which launched in 2020.

AlGooru a Startup and platform specialized in educational technologies located in Saudi Arabia. It has won many local and international awards, including first place in the “Innovate” Award and the Entrepreneurship World Cup for the Top 20 Startups (EWC2022), It was also ranked on HolonIQ's list of the top 50 promising emerging companies in the field of education in MENA and CrunchBase top 20 Saudi companies in the field of education, and it is considered one of the most prominent online education platforms in Saudi Arabia and the Gulf region.

<span class="mw-page-title-main">World Defense Show</span> World Defense Show, Saudi Arabia

The World Defense Show is a biennial defense and security exhibition held in Riyadh, Saudi Arabia. Founded by the General Authority for Military Industries (GAMI), the event showcases technological developments in the defense sector from around the globe. While the inaugural 2022 edition emphasized defense interoperability, the 2024 theme, "Equipped for Tomorrow," centers on the future technologies shaping the defense and security industry.

References

  1. "Supersized Saudi Arabia tech event promises a giant Leap for mankind". 26 October 2021.
  2. "In pics: Day one at Saudi's largest-ever tech event LEAP22". 2 February 2022.
  3. "Saudi Arabia to host biggest ever technology event in February". 19 November 2021.
  4. Mansoor, Zainab (2023-03-01). "How LEAP is positioning Saudi Arabia as a technology hub" . Retrieved 2023-03-27.
  5. "Cover Story: How Informa Markets is putting the Middle East region on the global map". 11 March 2022.
  6. 1 2 "LEAP 2023: Second edition of major tech conference to take place in Riyadh". Al Arabiya English. 2023-01-15. Retrieved 2023-03-27.
  7. "LEAP 2024: Navigating the future of technology with a focus on AI". Saudigazette. 2024-02-09. Retrieved 2024-04-05.
  8. Singh, Marisha (2024-03-05). "TikTok, Zoom and Mohammad the Humanoid Robot headline DeepFest opener" . Retrieved 2024-04-05.
  9. "'LEAP' tech conference in Riyadh enters second day". 2 February 2022.
  10. "Tech-savvy Saudi youth key to Kingdom's leap into digital economy: Huawei exec".
  11. "LEAP22: Saudi Arabia unveils over $6.4bn in technology and startup investments". 2 February 2022.
  12. "Saudi Arabia's debut tech event Leap22 sets new record". 23 February 2022.
  13. "How technology will inevitably play an important role in Saudi Arabia". 11 March 2022.
  14. "Startups to compete at Saudi Arabia's LEAP event". 17 January 2022.
  15. "Saudi Arabia installed the world's largest kaleidoscope".
  16. "You can now step inside the world's largest kaleidoscope in Saudi Arabia".
  17. "LEAP: The Kaleidoscope Informa".
  18. "Over 700 Speakers from Around the World to Participate in Leap Conference 2023 in Riyadh | Ministry of Communications and Information Technology". www.mcit.gov.sa. Retrieved 2023-03-27.
  19. 1 2 SPA (2023-01-15). "Global Tech Event "LEAP" Returns with Second Edition in Presence of over 700 Speakers, 900 Companies". Fana News. Retrieved 2023-03-27.
  20. Mansoor, Zainab (2023-03-01). "How LEAP is positioning Saudi Arabia as a technology hub" . Retrieved 2023-03-27.
  21. Nair, Arya M. "LEAP 2023 becomes largest global gathering with attendance of 172,000 people - GCC Business News". www.gccbusinessnews.com. Retrieved 2023-03-27.
  22. "Innovative minds descend on Riyadh to explore opportunities in tech sector". Arab News. 2024-03-03. Retrieved 2024-04-05.
  23. "Top Tech Investors to Participate in 3rd Edition of LEAP in Riyadh". english.aawsat.com. Retrieved 2024-04-05.
  24. 1 2 "LEAP conference in Riyadh notches up $13.4 bn in investment and launch deals this year - Arabian Business". Arabian Business. 2024-03-08. Retrieved 2024-04-05.
  25. "LEAP 2024 economic impact in Riyadh hits..." Sharikat Mubasher. Retrieved 2024-04-05.
  26. "AI Governance Association inks three dea..." Sharikat Mubasher. Retrieved 2024-04-05.
  27. "Innovative minds descend on Riyadh to explore opportunities in tech sector". Arab News. 2024-03-03. Retrieved 2024-04-05.
  28. 1 2 "LEAP 2024 investments to exceed $11.9 billion". Alarabiya.
  29. Salian, Neesha (2024-02-28). "Leap 2024: Rocket Fuel Pitch Competition ups the stake for startups" . Retrieved 2024-04-05.
  30. Sertin, Carla (2024-03-01). "Startups will compete for top prizes at LEAP 2024". WIRED Middle East. Retrieved 2024-04-05.
  31. "LEAP 2024 notable companies in attendance" (PDF).
  32. "Ericson Leap". 4 January 2022.
  33. "Saudi Arabia's debut tech event Leap22 sets new record". 23 February 2022.
  34. "Stellar speaker line-up at Leap conference in Riyadh". 27 January 2022.
  35. Bhat, Divsha (2023-02-06). "LEAP23: Second edition of technology event opens today in Riyadh" . Retrieved 2023-03-27.
  36. Staff, Entrepreneur Middle East (2022-11-08). "Talking Shop With LEAP 2023 Speakers Baroness Karren Brady, Gitanjali Rao, And Steven Bartlett". Entrepreneur. Retrieved 2023-03-28.
  37. "LEAP 2024 returns to Riyadh with sharpened focus on generative artificial intelligence (GAI)". teletimesinternational.com. Retrieved 2024-04-03.
  38. "LEAP 2024: Navigating the future of technology with a focus on AI". Saudigazette. 2024-02-09. Retrieved 2024-04-03.
  39. "Saudi's largest-ever tech event, LEAP, to take place in February". 26 January 2022.
  40. "Microsoft's new Surface devices empower the modern workplace". 23 February 2022.
  41. "AT LEAP IN RIYADH, SAP SIGNS PARTNERSHIP WITH STC FOR ENHANCED SERVICES AND DIGITAL SOLUTIONS".
  42. Kahil, Nadine (2024-03-05). "LEAP 2024 unveils almost $13 billion in tech investments". WIRED Middle East. Retrieved 2024-04-05.
  43. "LEAP's final day sees multiple deals, announcements". Arab News. 2024-03-07. Retrieved 2024-04-05.