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.
KAUST is partnering with the MiSK Global Forum (MGF) to support the 2020 Entrepreneurship World Cup (EWC), hosting a bootcamp for finalists. Four of the six Saudi startups among the top 100 in the EWC global finals are from KAUST. The EWC is the world's largest entrepreneurship competition, attracting 175,000 applicants from 200 countries. Why it matters: This partnership provides KAUST-nurtured startups with significant global exposure and resources, strengthening the Saudi entrepreneurship ecosystem.
KAUST will host 96 Entrepreneurship World Cup (EWC) finalists from 64 countries for an entrepreneurship bootcamp, in partnership with the Misk Global Forum (MGF). The finalists will receive training at KAUST to prepare for the EWC global finals at the MGF in Riyadh in November. Six of the finalists are from Saudi Arabia and are graduates of KAUST's entrepreneurship programs. Why it matters: This partnership strengthens Saudi Arabia's position as a hub for global entrepreneurship and aligns with its economic transformation goals by attracting international startups and talent.
KAUST startups, including Sadeem (a wireless sensor system for flood monitoring), have won top prizes in entrepreneurship competitions such as GITEX Future Stars, ArabNet Riyadh, and the Oqal Best Entrepreneur Award. Sadeem won Best Global Startup at GITEX and took home $100,000. KAUST supports early-stage startups through accelerator programs like TAQADAM and 9/10ths, as well as the KAUST Research & Technology Park. Why it matters: This success highlights KAUST's role in fostering innovation and entrepreneurship in Saudi Arabia, contributing to the Kingdom's growing startup ecosystem and economic diversification efforts.
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.