Three KAUST startups, iyris, Oaesis, and UnitX, were selected in the top 10 at the Startup Istanbul international competition out of 90,000 applicants. iyris secured third place with its technology, while Oaesis developed a laser-based energy-efficient lighting system for indoor farms. KAUST supports emerging companies from ideation to marketing and financial support. Why it matters: This showcases KAUST's role in fostering innovation and contributing to Saudi Arabia's knowledge-based economy by supporting promising startups on the global stage.
Five KAUST startups, graduates of programs like TAQADAM and 9/10ths Accelerator, each secured $50,000 at the Misk Entrepreneurship World Cup (EWC). Sadeem CEO Mustafa Mousa highlighted KAUST's role in supporting their flood-safety technology venture. KAUST will host a bootcamp for the finalists in preparation for the EWC Global Finals in Riyadh. Why it matters: This showcases KAUST's increasing role in fostering deep-tech entrepreneurship and supporting Saudi Arabia's innovation ecosystem.
KAUST startups, including Sadeem (a wireless sensor system for flood monitoring), have won top prizes in entrepreneurship competitions such as GITEX Future Stars, ArabNet Riyadh, and the Oqal Best Entrepreneur Award. Sadeem won Best Global Startup at GITEX and took home $100,000. KAUST supports early-stage startups through accelerator programs like TAQADAM and 9/10ths, as well as the KAUST Research & Technology Park. Why it matters: This success highlights KAUST's role in fostering innovation and entrepreneurship in Saudi Arabia, contributing to the Kingdom's growing startup ecosystem and economic diversification efforts.
The 2018 TAQADAM Accelerator Showcase, a partnership between KAUST and SABB, awarded SAR 2.25 million in follow-on funding to winning startups. 24 startup graduates from 11 universities in Saudi Arabia participated, each having received SAR 75,000 in initial grant funding. Winning startups included Wayakit, with an instant laundry spray, and EDAMA Organic Solutions, focused on converting organic waste into soil conditioners. Why it matters: This accelerator program highlights the growing focus on deep tech innovation and entrepreneurship within Saudi Arabia's research and business ecosystems.
KAUST and SABB awarded $1.1 million in non-dilutive funding to 11 startups at the TAQADAM Startup Accelerator Showcase. Ten startups each received $100,000 from a judging panel, and Autlient, a computer vision startup, won the People's Choice award and an additional $100,000. The TAQADAM accelerator aims to develop early-stage entrepreneurs and their concepts into high-potential startups from Saudi Arabia and beyond. Why it matters: This funding boosts the Saudi startup ecosystem, particularly in areas like fintech, health tech, and AI-driven solutions like computer vision, fostering innovation and economic diversification.