Saudi Arabia’s Visionary Entrepreneurs Award

Written by Ethan Gray on March 26, 2024

3 min read

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Scholarship details

  • Area of study

  • Country of the Scholarship

    Saudi Arabia
  • Scholarship Valid Until (Year)

  • Type of scholarship

    Bachelor's scholarship
  • Scholarship amount given

    $1000 - $3000
  • Type of scholarship administrator

  • Mode of scholarship (Online/Offline)

  • Applier's country

  • Expenses covered

    Travel and visa costs
  • Scholarship Contact Details

    Office No. 7 & 17 Abdullah Saad Al Ajlan Building Al Olaya Road Riyadh, Kingdom Of Saudi Arabia.

    +966 11 216 6633

    Office No. 16 & 17 Almousa Building South Of Kingdom Tower Al Olaya Road, Riyadh Kingdom Of Saudi Arabia


    Office No. 715 & 820 Business Avenue Building Al Ittihad Road, Port Saeed Area, Deira Dubai, United Arab Emirates.

    +971 42 95 6166

Saudi Arabia’s Visionary Entrepreneurs Award is a distinguished scholarship program that supports and acknowledges aspiring entrepreneurs in the Kingdom of Saudi Arabia. Initiated by a notable organization dedicated to nurturing innovation and entrepreneurship, this award provides a vital platform for showcasing the creativity, perseverance, and forward-thinking of the Kingdom’s youth. These promising individuals are on the brink of making substantial contributions to their society and the broader global community.

Scholarship Provider

Sponsored by the Saudi Entrepreneurship Institute (SEI), this award reflects the institute’s deep commitment to cultivating entrepreneurial talent within Saudi Arabia. SEI, a leading body fostering entrepreneurial skills and mindsets, provides critical tools, resources, and mentorship for navigating the dynamic business world. Their initiatives significantly boost young entrepreneurs’ capacity to transform innovative ideas into tangible successes.

Host Country Overview

Saudi Arabia, rich in cultural heritage and economic vitality, is strategically located at the crossroads of Asia, Africa, and Europe. This unique position enhances its role in global commerce. Coupled with the Kingdom’s ambitious Vision 2030 goals to diversify its economy, there’s a renewed focus on entrepreneurship as a cornerstone for sustainable economic growth and job creation. In this thriving ecosystem, the Visionary Entrepreneurs Award plays a pivotal role in cultivating the leaders of tomorrow, ready to drive innovation and sustainable development.

Eligible Applicants

This award is designed for young Saudi nationals with unparalleled creativity, innovation, and a drive for societal betterment through entrepreneurship. Candidates are expected to demonstrate exceptional leadership qualities, a passion for innovation, and a commitment to using entrepreneurship to positively change the community.

Scholarship Benefits

Awardees receive comprehensive financial support, mentorship from industry leaders, access to networking opportunities, and potential investment openings for their ventures. Additionally, the award facilitates recognition and visibility on both local and international stages, enhancing recipients’ credibility within the entrepreneurial ecosystem.

Level And Field Of Study

The award welcomes entrepreneurs at any stage of their journey, across all sectors. It supports those with a vision for innovative solutions that address societal challenges or drive economic advancement, regardless of their industry.

Application Process

Candidates must submit a detailed business plan that includes a venture concept, market analysis, financial forecasts, and potential social impact. Mentors or industry professionals must recommend candidates, and finalists may undergo interviews or pitch sessions.

Eligible Countries

Open exclusively to Saudi nationals, the award encourages applicants within the Kingdom who are poised to embark on or expand their entrepreneurial ventures. While international candidates are not eligible for this award, SEI offers additional programs fostering global entrepreneurial collaboration.

Eligibility Criteria

Applicants must be Saudi nationals with a viable business concept targeting social or market needs. Leadership qualities, commitment to their vision, strong communication skills, and the ability to effectively present their ideas are crucial.

How To Apply

Interested individuals should visit SEI’s official website for comprehensive application instructions. The website provides regular updates, so candidates are advised to stay informed on deadlines and submission guidelines.

Application Link

Please visit SEI’s official website for detailed information and to begin the application process for the Visionary Entrepreneurs Award.


The Saudi Arabia’s Visionary Entrepreneurs Award is a cornerstone initiative spotlighting the entrepreneurial talent of Saudi youth. This program offers financial support, mentorship, and global exposure, this program is instrumental in developing the next wave of business leaders poised to positively impact Saudi Arabia’s economic landscape. For aspiring entrepreneurs committed to innovation and societal betterment, this award presents a golden opportunity to advance your entrepreneurial journey. Embrace this chance to turn your visionary ideas into reality and contribute to a prosperous, sustainable future.

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