KAUST has launched Hikma, a new accelerator program to develop intellectual property-based startups, involving 16 teams from KAUST and regional universities. The 6-month program is run by the KAUST Entrepreneurship Center with assistance from the KAUST Technology Transfer Office. Hikma aims to provide a structured development process for startups focused on intellectual property and assist in creating homegrown businesses from university technologies. Why it matters: This initiative signals KAUST's commitment to supporting economic development in Saudi Arabia by fostering knowledge-based startups and maximizing the impact of university research.
KAUST celebrated the first graduating class from its New Ventures Accelerator startup program on February 18. Seven teams completed the six-month mentor-led program, presenting ideas ranging from bioinformatics to customer relationship management. Material Solved, a KAUST IP-based startup using visualization software for materials science, won the best pitch award. Why it matters: The program fosters entrepreneurship in Saudi Arabia, creating job opportunities and contributing to the Kingdom's economy.
KAUST launched the third cohort of its TAQADAM startup accelerator program on February 8th. The program, a partnership between KAUST and SABB, aims to equip students, faculty, and recent Saudi graduates with the tools to launch tech companies. This year's cohort consists of 133 people from 42 startups, with 35% female participation. Why it matters: Accelerators like TAQADAM are crucial for fostering entrepreneurship and translating research into commercial ventures, contributing to Saudi Arabia's diversification goals.
KAUST is expanding its REVelate corporate innovation workshop into a larger "Innovation Academy" program. The program targets Saudi-based companies, nonprofits, and government organizations. It aims to develop novel processes, design thinking, and intrapreneurship to benefit their missions and support the Kingdom's knowledge economy. Why it matters: The expansion signals KAUST's growing role in fostering innovation and entrepreneurship within Saudi Arabia's corporate and public sectors.
KAUST and SABB (Saudi British Bank) have partnered to launch a startup accelerator program. The program will be open to multiple universities in Saudi Arabia. Details on the application process and specific program focus are forthcoming. Why it matters: University-linked accelerators boost Saudi Arabia's innovation ecosystem by providing resources for young companies.