Red Sea Farms placed third at Entrepreneurship World Cup

Summary

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.