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“My journey with Spark is more than just me joining a program and winning a competition. It is the opportunity to be challenged, to get out of my comfort zone, to receive, to learn and to grow. It is the opportunity to say I am ready to explore, unleash and reach my potential. It is the opportunity to say I am determined and ready to take the necessary steps to accelerate human progress, achieve our Saudi Vision 2030 and meet our commitments to our Social Development Goals. It is the opportunity to join a bigger network or community of young and ambitious individuals who are so eager to contribute to shaping a better future and making a difference. It is the opportunity to be supported and guided by experts in their field, hence thank you Hala Hibri and Steve Brazell. Thank you Misk Academy, NEOM, MonshaatSA and Fullbridge for the opportunity to not only receive, but also to finally give back. We, Sangha “Estidama Hub”, are so excited to continue this journey, of empowering the Kingdom's future leaders and to continue to shape a more sustainable future with you, through you and for you!”
-Raghad Fathaddin, Founder and CEO
On December 2020, Sangha “Estidama Hub’s” journey started in Jeddah, Saudi Arabia, as it managed to win Spark’s competition as one of its top 5 winners receiving 50K S.R. seed funding; thanks to NEOM in cooperation with Misk Academy of Prince Mohammed bin Salman bin Abdulaziz Foundation (Misk) and Monshaat.
The Program allowed Sangha “Estidama Hub” develop a cohesive business plan, and pitch deck, with the guidance of experts in field to find right solutions, build the its brand and define the appropriate investment structure to ensure the success of the businesses.
“SPARK”, business skills program supports and encourages entrepreneurs, who want to develop their ideas to start their businesses, through providing them with needed skills and experience.
The program provides intensive training and vocational guidance for trainees over a period of six weeks. Over the course, participants will go through different stages designed with highest necessary standards for the success of projects including learning how to build a successful business strategy and the means of presenting projects professionally to attract investors.
The program aims to increase the number of small and medium enterprises that contribute to improving and diversifying production sources in line with Saudi Vision 2030 to raise the percentage of contributing enterprises to the gross domestic product (GDP) and accelerate the economic transformation.