TONOMUS, the cognitive multinational subsidiary of NEOM, has announced the launch of its second venture startup competition at LEAP23 in Riyadh.  Led by the firm’s TONOMUS Venture Studio, the competition started on Feb. 6, and is titled “The Next Billion.” It is an initiative that invites participants to consider new technologies and innovations that a billion people in the world would require for energy, food and mobility.

“We’re looking to recreate that here just like they did in Silicon Valley,” Beverly Rider, CEO of TONOMUS Venture Studio.

The aim is to foster global entrepreneurship that will nurture the environment and create new ways of community living.

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