TAQADAM Startup Accelerator funds seven promising startups

Summary

The 2018 TAQADAM Accelerator Showcase, a partnership between KAUST and SABB, awarded SAR 2.25 million in follow-on funding to winning startups. 24 startup graduates from 11 universities in Saudi Arabia participated, each having received SAR 75,000 in initial grant funding. Winning startups included Wayakit, with an instant laundry spray, and EDAMA Organic Solutions, focused on converting organic waste into soil conditioners. Why it matters: This accelerator program highlights the growing focus on deep tech innovation and entrepreneurship within Saudi Arabia's research and business ecosystems.