KAUST startup Saee, a last-mile delivery company, was recently acquired by Estimkan Holding. Co-founded by KAUST alumnus Dr. Tariq Alturkestani, Saee benefited from KAUST's support through programs like the KGSP and the TAQADAM Startup Accelerator. Saee evolved from a carpooling app for women into a logistics solution for parcel delivery, adapting to the changing Saudi market. Why it matters: The success of Saee demonstrates KAUST's increasing role in fostering entrepreneurship and contributing to Saudi Vision 2030 by developing innovative ventures.
Saee, a KAUST-supported Saudi startup based in Jeddah, aims to disrupt last-mile delivery in Saudi Arabia by addressing challenges like delays and cash-on-delivery (COD) issues. They offer services such as fast COD consolidation, flexible dispatch to freelancers, and warehouse management. Saee also introduces a new concept called Cash Before Delivery (CBD) to improve cash flow for e-commerce platforms. Why it matters: This aims to solve a key bottleneck for e-commerce growth in Saudi Arabia, where COD is prevalent and creates financial inefficiencies.
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.
KAUST alumna Vasiliki Kordopati turned a student project on laser-based illumination for horticulture into a startup called Oaesis Lighting Systems. She participated in KAUST's TAQADAM Accelerator program and is now developing a pilot project in the KAUST Research and Technology Park. KAUST is focused on embedding entrepreneurship into the academic experience, minimizing risk and offering innovators room to experiment. Why it matters: KAUST is fostering a new generation of deep technology entrepreneurs in alignment with Saudi Arabia's Vision 2030 goals for economic diversification.
KAUST PhD student Amal Aboulhassan founded MaterialSolved, a startup created with support from the KAUST New Ventures Accelerator. The startup's focus area is not specified in the provided text. Why it matters: KAUST's efforts to translate research into startups highlights the increasing focus on commercializing academic innovation within the Kingdom.