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Endeavor Partners with Oqal & Maestro Pizza to Support Local Businesses

07/11/2016

Endeavor Saudi Arabia joined Oqal, angel investor network, and Maestro Pizza, one of the largest Pizza chains in the Kingdom, in supporting a new local initiative for existing business concepts. The initiative has the form of a competition. Interested entrepreneurs apply through answering a number of main questions in a one-minute video. The judges, afterward, screen and filter 15 finalists to attend a two-day training program.

On 13th November, Endeavor has arranged the training program for Maestro’s competition finalists. The training included:
  • Financial Literacy session by Naif Almulhim, Managing Partner of Tarkiz Capital & Endeavor Mentor
  • Social Media Marketing session by Maha Alhudaithi, Business Development Executive at Ghaliah
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Participants during the training

Coaches of both workshops have shared a 10 min pitching session to help the participants with their 2nd and final video shooting in the following day, where finalists received intensive pitching session. Following this, all videos were published on social media as 25% of the final scores will be based on the number of traction the finalists get.  This approach has given the finalists great exposure as one of them stated that his company experienced growth of more than 50% during the competition.

The final ceremony of the competition took place on 23rd November at Maestro Pizza head-office. The last challenge for contestants was to pitch their business in front of a judging panel, who controls 50% of the score, and the audience including investors and professionals in leading organizations, who control 25% of the score. The event was under the patronage of Dr. Ghassan Alsulaiman, the Governor of the Small and Medium Enterprises Authority. At the end, participants and supporting organizations including Endeavor Saudi Arabia were recognized for their contribution and support throughout the program.