KAUST, VentureSouq, startAD, and Tamkeen have partnered to launch the first Conscious Investor Fellowship in the GCC. The six-week virtual program aims to enable regional investors to create sustainable change through high-impact investments. The fellowship will host 25 investors from family offices, corporations, and government entities. Why it matters: The program aims to empower mission-driven investors in the region and accelerate investment in technology-driven startups addressing societal, economic, and environmental challenges.
This article discusses conscious investing and its potential in the Middle East, particularly in light of unprecedented market conditions. It argues that investments should align with values and aim for positive global impact, moving beyond solely maximizing shareholder value. Conscious investing can be as profitable as traditional investing while addressing social and environmental challenges. Why it matters: The piece advocates for integrating ethical considerations into investment strategies within the region, which could lead to more sustainable and socially responsible economic development.
Red Sea Farms, a Saudi AgTech company based at KAUST, secured a $10 million venture capital investment from Saudi and UAE investors. Their technology enables commercial farming using primarily saltwater, reducing freshwater consumption by 85-90%. The funding will be used to expand operations in Saudi Arabia, building more than six hectares of commercial farming facilities. Why it matters: This investment signals growing interest in sustainable AgTech solutions within the Gulf region to enhance food security and combat supply chain disruptions.
KAUST has announced the latest recipients of the Ibn Rushd Fellowship Program, which supports early-career Saudi scientists for up to three years of postdoctoral research at international institutions. Fellows Abdullah Alghamdi and Abdulrahman M. Alfaraidi will conduct research at UC San Diego and Lawrence Berkeley National Laboratory, respectively. Their research aligns with Saudi Arabia’s health, wellness, and energy priorities while maintaining ties with KAUST. Why it matters: This fellowship program helps develop talent in priority fields and elevates the profile of Saudi academia, contributing to Saudi Vision 2030.
Twelve Saudi startups pitched at the 9/10ths Startup Accelerator showcase in Riyadh, presenting diverse business concepts. Half of the finalist teams were led by Saudi female entrepreneurs. Fixtag, Innoras, Dhad, and Magadeer received grant funding from a panel of judges representing various investment firms. Why it matters: The 9/10ths program demonstrates growing investment and support for entrepreneurship and innovation across Saudi Arabia, with a focus on female leadership and high-potential startups.