KAUST hosted the 2015 Arabian Tech Tour, a regional version of an international event for venture capitalists, entrepreneurs, and industry leaders. The event featured 50 early-stage companies from 15 countries pitching to over 100 representatives from global investment and venture capital firms. Total assets under management of attending investors were estimated at around $10 billion. Why it matters: This event highlights KAUST's role in fostering innovation, attracting knowledge-based industries to Saudi Arabia, and creating high-value jobs in the Kingdom.
KAUST and the International Venture Club are seeking tech companies in the Middle East and Europe for investment and expansion opportunities in Saudi Arabia. The Arabian Tech Tour, held in Jeddah and Riyadh in November 2015, will showcase 25 emerging companies from the region and 25 growth companies from Europe. Selected companies will present to VCs, corporations, and business angels. Why it matters: This initiative aligns with Saudi Arabia's National Science, Technology and Innovation Plan to create a knowledge-based economy and foster innovation, particularly in cleantech.
KAUST's 2015 highlights included recognition as a catalyst for innovation, with its Entrepreneurship Center named a High Impact Program. Six KAUST-related companies were listed among the top 100 innovative startups by Forbes Middle East. KAUST also signed an agreement with Dow Chemical Company to expand facilities and collaborated with ICD on a Saudi-focused venture capital fund. Why it matters: This reflects KAUST's ongoing efforts to strengthen its role in Saudi Arabia's knowledge-based economy through entrepreneurship and industry partnerships.
KAUST held an open day on December 3, 2015, to celebrate the International Year of Light. The event showcased technological developments in light research, especially photonics and LED-based technologies. Exhibits and demonstrations were provided by researchers from KAUST's CEMSE and PSE divisions, under the direction of Professor Boon Ooi. Why it matters: The event promoted understanding of achievements in light research and its applications in various sectors like communications, medicine, and energy.
KAUST President Jean-Lou Chameau gave a keynote at the 2015 Saudi Water and Power Forum in Riyadh. The forum focused on sustainable development through innovation in the water and power sectors. Chameau highlighted KAUST's integrated research approach focusing on water, energy, food, and the environment. Why it matters: This participation underscores KAUST's commitment to addressing critical resource challenges in Saudi Arabia through research, talent development, and global collaboration.