Red Sea Farms, a KAUST agriculture technology spinout, placed third at the Entrepreneurship World Cup (EWC) and won $150,000. The startup specializes in saltwater greenhouse technology to reduce the dependence on fresh water for irrigation. Red Sea Farms recently received $1.9 million USD in seed funding from KAUST's Innovation Fund and Research Products Development Company to build a pilot greenhouse. Why it matters: This award and funding will enable Red Sea Farms to scale their production of saltwater tomatoes and address food system sustainability in water-scarce regions.
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.
Red Sea Farms, a KAUST spinout specializing in saltwater greenhouse technology, secured $1.9 million in co-investment from the KAUST Innovation Fund and Research Products Development Company (RPDC). Their system uses saltwater to grow crops, reducing freshwater and energy requirements up to tenfold. The investment will enable the company to build a 2,000 square meter saltwater greenhouse on the KAUST campus, with a goal of producing 50 tons of tomatoes annually by 2020. Why it matters: This investment supports sustainable agriculture innovation in the water-scarce Middle East, offering a model for reducing the environmental impact of food production.
Red Sea Farms, a KAUST startup, is advancing its saltwater greenhouse technology with a new 21,000 square foot pilot facility at the KAUST Research & Technology Park. Their greenhouse technology allows for growing crops on marginal land, using 90% less freshwater than traditional methods. The system uses saltwater in greenhouse-cooling and climate control, resulting in a lower environmental footprint. Why it matters: This technology addresses critical food and water security challenges in arid regions by enabling local food production with minimal freshwater resources and reduced energy consumption.
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.