Women in Tech programme awards $50,000 to three Saudi female-led startups
Summary
Standard Chartered team provided financial and banking services expertise to the startups, while Falak utilized its experience in identifying and nurturing early-stage companies. As part of our global initiative, SC Women in Tech, we have successfully launched this program in Saudi Arabia, making it the seventh market within our network to offer such an opportunity. I extend my heartfelt congratulations to the winners and all the participants who embarked on this journey, and I would like to express my sincere gratitude to the teams from Standard Chartered and Falak Investment Hub for their remarkable efforts in making this endeavour a reality, Al Bunyan added.The global Standard Chartered Women In Tech initiative is aimed at helping female entrepreneurs establish scalable digital businesses to contribute to the countrys economic diversification efforts. It is currently present in 7 countries, where Saudi Arabia is the latest addition.Commenting, Adwa AlDakheel, CEO of Falak Investment Hub, said, "We are proud to announce the conclusion of our innovative Women in Tech program in partnership with Standard Chartered Bank. None of this could have been possible without our amazing partners, Standard Chartered, their invaluable support and expertise played a crucial role in empowering our startups to make significant contributions to the economy of Saudi Arabia, and we look forward to continuing this partnership to create further long-term impact.The SC Women In Technology incubators were first launched in October 2014.