KAUST and the International Venture Club are seeking tech companies in the Middle East and Europe for investment and expansion opportunities in Saudi Arabia. The Arabian Tech Tour, held in Jeddah and Riyadh in November 2015, will showcase 25 emerging companies from the region and 25 growth companies from Europe. Selected companies will present to VCs, corporations, and business angels. Why it matters: This initiative aligns with Saudi Arabia's National Science, Technology and Innovation Plan to create a knowledge-based economy and foster innovation, particularly in cleantech.
KAUST hosted the 2015 Arabian Tech Tour, a regional version of an international event for venture capitalists, entrepreneurs, and industry leaders. The event featured 50 early-stage companies from 15 countries pitching to over 100 representatives from global investment and venture capital firms. Total assets under management of attending investors were estimated at around $10 billion. Why it matters: This event highlights KAUST's role in fostering innovation, attracting knowledge-based industries to Saudi Arabia, and creating high-value jobs in the Kingdom.
ASPIRE, TII, and ATRC will participate in a fireside chat at the USA Pavilion at Expo 2020 Dubai. The discussion will cover Abu Dhabi's advanced technology ecosystem, funding for tech breakthroughs, and perspectives from technopreneurs. Dr. Arthur Morrish (ASPIRE), Prof. Mérouane Debbah (TII), and Dr. Fareed Al Amiri (ATRC) will be featured, with Kelsey Warner (The National) as moderator. Why it matters: The event highlights Abu Dhabi's efforts to foster an advanced technology ecosystem and attract global experts, showcasing the region's commitment to innovation.
Fred Farina, Chief Innovation Officer at Caltech, spoke at KAUST about commercializing academic research. He emphasized licensing research to corporations and creating startups, highlighting the importance of academic-industry partnerships for transitioning to a knowledge economy in the region. Farina noted that successful technology transfer requires a long-term commitment and a robust ecosystem of venture capital and companies. Why it matters: This highlights the increasing focus on diversifying GCC economies beyond oil through strategic investments in research and technology transfer, with universities playing a central role.
KAUST hosted a Global IT Summit. The summit featured speakers like Khaled Biyari, group CEO at the Saudi Telecom Company. Interviews from the summit are available on KAUST's official YouTube channel. Why it matters: The summit likely served as a forum for discussing IT trends and developments relevant to Saudi Arabia's Vision 2030.
KAUST received The SWEF Technology & Innovation Award. The award was presented to the KAUST delegation at the Saudi Water Environment Forum (SWEF). KAUST faculty members also participated in panel sessions at the event. Why it matters: Recognition of KAUST's work highlights Saudi Arabia's growing role in technology and innovation.
KAUST hosted the Arabian Venture Forum in November 2016 to support venture capital in Saudi Arabia and the Gulf region. KAUST Ph.D. graduate Edward Canepa presented Sadeem, a startup he founded with other KAUST students and a professor. The forum aimed to bolster the VC ecosystem in the region. Why it matters: Such university-hosted events can play an important role in fostering entrepreneurship and investment in Saudi technology ventures.