‘Nutri­box’ named win­ner of 4th KIPCO Tm­keen Award for Young En­trepreneurs

Kuwait Times - - Local -

KUWAIT: Nutribix, a healthy liv­ing smart phone ap­pli­ca­tion, was named the first place win­ner of the 4th KIPCO Tm­keen Award for Young En­trepreneurs. Tech­no­care was awarded sec­ond place, while Zid­nei came third.

The an­nounce­ment was made on the sec­ond day of the 7th Youth Em­pow­er­ment Sym­po­sium, held un­der the pa­tron­age of His High­ness the Amir of Kuwait Sheikh Sabah Al-Ah­mad Al-Jaber Al-Sabah. KIPCO’s Vice Chair­man (Ex­ec­u­tive), Faisal Al-Ay­yar, an­nounced the win­ners. The award is a col­lab­o­ra­tion be­tween KIPCO Kuwait Projects Com­pany (Hold­ing) - and the Youth Em­pow­er­ment Or­ga­ni­za­tion (Tm­keen). The grand prize awarded to the first place win­ner is $100,000 in ser­vices from the KIPCO Group, in­clud­ing fi­nan­cial, strate­gic and op­er­a­tional con­sul­ta­tion ses­sions, mar­ket anal­y­sis stud­ies, in­sur­ance cov­er­age and ad­ver­tis­ing. In ad­di­tion, this year’s three fi­nal­ists were also given cash prizes of $15,000, $10,000 and $5,000 re­spec­tively.

Nutri­box - founded by Noora AlAskar - is the Arab World’s first in­tel­li­gent and in­ter­ac­tive healthy liv­ing plat­form that guides and em­pow­ers peo­ple to lose weight and live healthily by con­nect­ing them to a cu­rated mar­ket­place of healthy food and with healthy liv­ing ex­perts for pri­vate con­sul­ta­tions.

Tech­no­care - founded by Al­jazi Alajmi and Aishah Alenezi - is a prod­uct that con­sists of a smart watch and an ap­pli­ca­tion that helps pa­tients with many of their needs in early stages of a dis­ease. It also helps the fam­ily mon­i­tor the pa­tient. Zid­nei - founded by Ab­du­laziz Al­farhan and Abdulrahman Alalouch - is an e-learn­ing plat­form for sec­ondary school stu­dents, of­fer­ing tu­ition in maths, physics, chem­istry, English, ap­ti­tude tests and IELTs. The three fi­nal­ists gave pre­sen­ta­tions to a live au­di­ence on the first day of the sym­po­sium. The ‘Startup Bat­tle’ judg­ing panel in­cluded Founder and CEO of Cooler Screens and Founder of Argo Tea, Arsen Avakian; CEO of KAMCO, Faisal Sarkhou; and CEO of Bou­tiqaat.com, Ab­dul­wa­hab Al-Essa.

Eman Al-Awadhi, KIPCO’s Group Com­mu­ni­ca­tions Direc­tor, said: “Young en­trepreneurs have an op­por­tu­nity to be in­no­va­tive and ex­press their cre­ativ­ity and tal­ent through the busi­nesses they set up. At KIPCO, we be­lieve that this is a nec­es­sary con­tri­bu­tion to the di­ver­si­fi­ca­tion of our lo­cal econ­omy. We are very proud of the great ideas that we have seen in the two judg­ing rounds, as the youth of Kuwait chal­lenge them­selves in ways that have al­lowed them to set new stan­dards for en­trepreneurial suc­cess in the re­gion. I would like to con­grat­u­late Nutri­box for win­ning this year’s ti­tle, and wish the teams of Tech­no­care and Zid­nei all the best.” Ali Al-Ibrahim, CEO of the Youth Em­pow­er­ment Or­ga­ni­za­tion, added: “Tm­keen takes prides in its col­lab­o­ra­tion with KIPCO to or­ga­nize this award on an an­nual ba­sis. We would like to con­grat­u­late the en­trepreneurs who par­tic­i­pated in this year’s award, all of whom have shown pas­sion for the work they do, and are com­mit­ted and ded­i­cated to con­tinue to bat­tle the chal­lenges that they face in or­der to grow their busi­nesses. We look for­ward to con­tin­u­ing to work with our part­ners, KIPCO Group, in en­cour­ag­ing and sup­port­ing Kuwait’s youth in cre­at­ing a bet­ter to­mor­row.”

KIPCO Group com­pa­nies - in­clud­ing Bur­gan Bank, OSN, Gulf In­sur­ance Group, KAMCO In­vest­ment Com­pany, United Real Es­tate, Qu­rain Petro­chem­i­cal In­dus­tries, United Ed­u­ca­tion, United Net­works and Ma­rina FM - are sup­port­ers of the KIPCO Tm­keen Award for Young En­trepreneurs.

KUWAIT: The top three win­ners with KIPCO Vice Chair­man (Ex­ec­u­tive) Faisal Al-Ay­yar.

First place win­ner, Nutri­box.

Third place win­ner, Zid­nei.

Sec­ond place win­ner, Tech­no­care.

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