About award


The annual awards were launched by His Royal Highness Prince Abdulaziz bin Abdullah bin Abdulaziz as an initiative of The Centennial Fund, under the supervision of the Advisory Council. The aim of the program is to encourage entrepreneurial projects and celebrate the owners of such projects in the Kingdom through commendations and awards.

The total prize value is one million Saudi riyals (equivalent to $270,000). In addition, the award covers all the expenses of all the winners coming from all over the world to Saudi Arabia to collect their respective prizes.


The Award’s Vision 

Our vision is to be recognized as the leading international award for motivating entrepreneurs and to provide inspiration for initiation and innovation.

The Award’s mission 

Our mission is to encourage entrepreneurial innovation by infusing ingenuity into projects that support socio-economic development, recognizing the excellence of the entrepreneurs’ work and awarding them prizes in accordance with the highest international standards.

Objectives of the Award 

  • Promote the concept of entrepreneurship globally.
  • Develop innovative ideas and encourage entrepreneurship.
  • Help develop leadership skills.
  • Highlight exceptional, innovative entrepreneurial projects.
  • Motivate and recognize distinguished entrepreneurs.
  • Reward the mentors and highlight their importance in the      entrepreneurs’ success.
  • Exchange best practices among entrepreneurs and       mentors .
  • Publish success stories.

Organizational Structure