CITC, Monshaat Announces Winners of IoT Challenge

The Communications and Information Technology Commission (CITC) announced the winners of the Internet of Things (IoT) challenge, organized in partnership with the Small and Medium Enterprises General Authority’s (Monshaat) Center.

The announcement was made at a ceremony.

Winning first place was Firnas Aero winning an SR200,000 prize for presenting an innovative product in “Transportation and Logistics” path, In second place was iOcean winning SR150,000 for their innovation in “Improve Quality of Life” path, In third place, winning SR100,000 was Qinwan for their innovation in “Green and Smart Buildings” path.

Commenting on this occasion was Deputy Governor for Information Technology and Emerging Technologies at CITC, Raed Al-Fayez.

He noted that the projects submitted in the challenge, in their various tracks, highlight the extent to which our national cadres possess ideas and innovations

The challenge is one of the authority’s initiatives to enable entrepreneurs to put forward smart solutions that will equip them to develop innovative products based on the IoT in the areas most in need, added Al-Fayez.

This will further enable them to keep pace with the acceleration of innovation in emerging technologies in the Kingdom through unique, innovative ways to lead Saudi companies, contributing to achieving the Kingdom’s Vision 2030 goals.