Emaar, The Economic City (EEC) and King Abdullah University of Science and Technology (KAUST) have signed a memorandum of understanding (MoU) to collaborate on various areas, including community lifestyle, education, transportation, and smart city solutions. The agreement aims to align with KAUST’s research pillars and KAEC’s business strategy. The collaboration also seeks to support the Kingdom's sustainable development goals and drive innovation. Why it matters: This partnership between a leading economic city developer and a top research university in Saudi Arabia has the potential to foster innovation, create jobs, and improve the quality of life in the region, contributing to the goals of Vision 2030.
KAUST and Research Products Development Company (RPDC) have signed a partnership agreement to support technology commercialization and early-stage startups in Saudi Arabia. RPDC and the KAUST Innovation Fund will co-invest in startups and establish a joint mentorship and startup exchange program. RPDC will co-invest or match KAUST funding of up to $2 million into deep tech startups at the proof-of-concept, seed and series A funding stages. Why it matters: This collaboration aims to bolster the innovation ecosystem within Saudi Arabia, accelerating the transition of academic research to commercial applications.
KAUST will host 96 Entrepreneurship World Cup (EWC) finalists from 64 countries for an entrepreneurship bootcamp, in partnership with the Misk Global Forum (MGF). The finalists will receive training at KAUST to prepare for the EWC global finals at the MGF in Riyadh in November. Six of the finalists are from Saudi Arabia and are graduates of KAUST's entrepreneurship programs. Why it matters: This partnership strengthens Saudi Arabia's position as a hub for global entrepreneurship and aligns with its economic transformation goals by attracting international startups and talent.
Ceer and KAUST are partnering to research and develop innovations in smart mobility, including connectivity and autonomous driving technologies. The collaboration aims to transform research into economically productive innovations, supporting Saudi-based SMEs and the automotive manufacturing industry. Ceer and KAUST will share facilities and conduct collaborative activities to foster knowledge exchange and create jobs. Why it matters: This partnership signifies a crucial step towards diversifying Saudi Arabia's economy and advancing technological capabilities in the electric vehicle sector within the Kingdom.
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.