KAUST celebrated the first graduating class from its New Ventures Accelerator startup program on February 18. Seven teams completed the six-month mentor-led program, presenting ideas ranging from bioinformatics to customer relationship management. Material Solved, a KAUST IP-based startup using visualization software for materials science, won the best pitch award. Why it matters: The program fosters entrepreneurship in Saudi Arabia, creating job opportunities and contributing to the Kingdom's economy.
MBZUAI's Incubation and Entrepreneurship Center (IEC) is launching "Build It Demo Day" in Abu Dhabi, an event for showcasing early-stage AI solutions and prototypes. The first demo day will be held on October 30, 2025, and applications are open to students, founders, and professionals. Participating AI builders will gain exposure to a network of organizations and access over $200,000 in technology credits from NVIDIA, Microsoft, AWS, and others. Why it matters: This event provides a crucial platform for early-stage AI innovation in the UAE, fostering entrepreneurship and attracting investment in the region's growing AI ecosystem.
KAUST launched the third cohort of its TAQADAM startup accelerator program on February 8th. The program, a partnership between KAUST and SABB, aims to equip students, faculty, and recent Saudi graduates with the tools to launch tech companies. This year's cohort consists of 133 people from 42 startups, with 35% female participation. Why it matters: Accelerators like TAQADAM are crucial for fostering entrepreneurship and translating research into commercial ventures, contributing to Saudi Arabia's diversification goals.
The MBZUAI Incubation and Entrepreneurship Center (MIEC) is supporting AI startups in Abu Dhabi, leveraging its position as the region’s first AI-native incubator. In its first year, MIEC has supported nine startups that have attracted external funding exceeding internal grants by eight times. MIEC is also launching an AI-focused Mentors Network connecting international AI experts and investors with startup founders. Why it matters: MIEC's activities help grow the AI ecosystem in the UAE, which is seeing rapid growth in the number of AI companies.
KAUST and the Saudi British Bank (SABB) are partnering in the TAQADAM Startup Accelerator program, supporting 82 entrepreneurs from 37 teams across 18 Saudi universities. The program offers up to SR75,000 ($20,000) in pre-seed funding from SABB, working spaces at KAUST, and mentorship over six months. The accelerator has awarded SR4.5 million ($1.2 million) in pre-seed funding to date and aims to contribute to economic development and job creation in line with Saudi Vision 2030. Why it matters: This collaboration fosters innovation and entrepreneurship in Saudi Arabia, providing crucial resources for startups in key technology sectors like AI and fintech.
24 startups from the seventh TAQADAM cohort at KAUST are preparing to pitch their business ideas to investors on March 3, 2024, after surviving the accelerator program. The startups received mentorship in product design, pricing, and legal matters. Example startups include Cognna (cybersecurity), BuildBench (construction platform), Talents Arena (AI recruitment), and Trh Capital (Shariah-compliant finance). Why it matters: This KAUST program highlights growing entrepreneurial activity and venture capital interest in Saudi startups, especially in areas like cybersecurity and AI.
KAUST is offering a 16-month Master of Science degree in Technology Innovation and Entrepreneurship (TIE). The program includes a six-month internship at a Global Technology Innovation Hub. KAUST provides access to facilities like the Prototyping and Product Development Core Lab, robotics and embedded systems labs. Why it matters: The program aims to prepare students for roles in technology startups and established organizations within the rapidly growing Saudi innovation ecosystem.
KAUST's Innovation and Economic Development department hosted the STEAM Innovation Challenge with over 300 Saudi university students participating. The challenge, entitled "Secure Generation 2030" in partnership with Northrop Grumman, focused on solutions for cybersecurity, supply chain localization, and the environment. Winning projects included Wajid, an app for finding missing persons during Hajj, Sitlr, a parental control app, and ClinTech, a waste management service. Why it matters: The STEAM Innovation Challenge and similar KAUST initiatives are important for fostering entrepreneurship among young Saudis in line with the Kingdom's Vision 2030 economic transformation objectives.