Top Tech Investors to Participate in 3rd Edition of LEAP in Riyadh

The event will feature more than 1,000 top speakers at 10 different stages. SPA
The event will feature more than 1,000 top speakers at 10 different stages. SPA
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Top Tech Investors to Participate in 3rd Edition of LEAP in Riyadh

The event will feature more than 1,000 top speakers at 10 different stages. SPA
The event will feature more than 1,000 top speakers at 10 different stages. SPA

LEAP is slated to hold its third edition, from March 4 to 7 at Riyadh Exhibition and Convention Center, Malham, under the theme “Into New Worlds”.
Organized by the Ministry of Communications & Information Technology, the Saudi Federation for Cybersecurity, Programming, and Drones, and Tahaluf company, the event will feature more than 1,000 top speakers at 10 different stages, according to a statement from the organizing committee.
LEAP will host the Investor Stage, in which world’s top investors will discuss innovative investment opportunities. This stage will also address topics such as the intersection of technology with government policies and innovation, and successful financing strategies.
It will also feature the Startup Stage, in which expert speakers such as Blossom Accelerator CEO & Founder Emon Shakoor, Raiven Capital Founding Partner Supreet Singh Manchanda, and Adaverse Founding Partner Vincent Li will discuss startup growth and innovation.
Sessions will address topics such as business planning and strategies, nurturing concepts into viable startup ideas, and the importance of enhancing user experience.
According to the statement, the Rocket Fuel Pitch competition returns at the third edition of LEAP, with total prizes exceeding $1,000,000 in six categories: LEAP Award $250,000 for the strongest, most outstanding startup across the whole competition, Shooting Star Award $150,000 for the early stage startup beginning its journey, the Aviatrix Award $150,000 for the best, most innovative startup pioneered by women founders, Technology for Humanity Award $150,000 for the startup that best embodies the “tech for humanity” spirit of LEAP, the Into New Worlds Award $150,000 for the most impressive startup occupying the Metaverse and Web 3.0 space, and the Artificial Intelligence Award $150,000 for the startup that presents the most exciting, ground-breaking usage of artificial intelligence.
The third edition of LEAP, held in partnership with the Small and Medium Enterprises General Authority (Monsha'at), and strategic partner STC, will be attended by world leading tech companies like Google, Microsoft, Oracle, Dell, Cisco, Avaya, SAP, ServiceNow, Ericsson, Amazon Web Services, IBM, Alibaba Group, and Huawei.



Huawei Eyes Greater Role in Brazil Data Center Market

Huawei logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. (Reuters)
Huawei logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. (Reuters)
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Huawei Eyes Greater Role in Brazil Data Center Market

Huawei logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. (Reuters)
Huawei logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. (Reuters)

Chinese tech giant Huawei is interested in strengthening and improving its capacity as a supplier of data center solutions, it said in a statement to Reuters on Thursday, clarifying that it did not intend to invest directly in data centers.

Reuters had reported on Wednesday that Huawei was interested in Brazil's data center market but was waiting on the government to roll out a tax-break plan.

"We want the government to implement these incentives, which are good for the country, and the time has to be now," Atilio Rulli, Huawei vice president of public relations for Latin America and the Caribbean, told Reuters.

The government's plan to dole out tax breaks for tech investments in Brazil is set to be sent to Congress soon, a finance ministry adviser said last month.

Latin America's largest economy is looking to establish a foothold in the fast-growing data center industry, pulling from its ample renewable energy.

The country is already courting major investments from firms such as ByteDance, TikTok's Chinese parent company, Reuters has reported.

Huawei could provide connectivity, storage and energy for data centers, Rulli said, speaking on the sidelines of an event hosted by state development bank BNDES.

"Huawei continues to follow the incentive policy being conducted by the Ministry of Development, Industry, Trade and Services, and when in force, will continue to contribute reliable, scalable and sustainable solutions to accelerate the digital transformation in Brazil and Latin America," Huawei said in the statement on Thursday.