KAUST launched the ShenTech Bootcamp in Shenzhen, China, in collaboration with Shenzhen InnoX Academy, hosting 45 Saudi startup founders and students. The program, which ran from January 4-18, 2024, focused on equipping participants with business strategies and technical skills for developing market-ready products. KAUST also created a master’s degree graduate program: Technology, Innovation and Entrepreneurship (TIE) which includes an immersive startup innovation experience in Shenzhen. Why it matters: This initiative fosters knowledge exchange and collaboration between Saudi and Chinese innovators, aligning with Saudi Arabia's efforts to cultivate a thriving startup ecosystem and develop hardware and software products.
KAUST, in partnership with the University of Texas at Austin and the U.S. Consulate General Jeddah, completed a bootcamp for 45 Saudi-based female founders. The "Empowering Saudi Women Through Entrepreneurship" program aims to build entrepreneurial capabilities and expand access to markets. Participants engaged in branding, fundraising, and pitching sessions, with finalists receiving further training at UT-Austin. Why it matters: The initiative supports Saudi Vision 2030 by fostering female entrepreneurship and diversifying the economy, potentially leading to innovative solutions for Saudi societal challenges.
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 has launched a master’s degree program in Technology Innovation and Entrepreneurship (TIE), a 16-month program designed to transform research innovation into commercially viable products and services. The program includes training in AI/ML, robotics, design thinking, and entrepreneurship, plus a six-month stay in Shenzhen, China. The inaugural TIE cohort will consist of 30 students, including 18 Saudi nationals, and will study at the Suliman Olayan Institute for Innovation and Entrepreneurship. Why it matters: The program aims to bridge the gap between academia and industry and drive Saudi Arabia's economic diversification and innovation agenda in line with Vision 2030.
KAUST signed strategic cooperation agreements with leading business and academic institutes in Shenzhen, China, including the Research Institute of Tsinghua University and Shenzhen Innox Academy. The agreements aim to accelerate knowledge exchange and commercialize technologies. Objectives include industrial innovation, tech transfer, talent sharing, and joint R&D. Why it matters: The partnerships aim to leverage China's innovation ecosystem to help KAUST develop market-ready products and address global challenges.