KAUST held its 14th KAUST Industry Advisory Board (KIAB) meeting in Riyadh on December 11, 2023, marking the first time the meeting has taken place outside of KAUST. The Public Investment Fund (PIF) formally signed on as a new member of the KAUST Industry Collaboration Program (KICP). The meeting included talks about the future of KICP and round-table sessions on advancing goals in alignment with Saudi Vision 2030. Why it matters: This signals a new era of alliances for KAUST in launching ambitions and deepening its impact within the Kingdom and beyond.
The 2022 PIF Saudi International golf tournament took place at the Royal Greens Golf & Country Club in King Abdullah Economic City (KAEC). Harold Varner III of the USA won the tournament, claiming the title and a $1,000,000 cash award. KAUST was among the official partners contributing to the event. Why it matters: This event highlights Saudi Arabia's growing role in international sports and KAUST's involvement in supporting such events.
KAUST and Elm, a digital solutions company owned by the Saudi Public Investment Fund (PIF), have signed an R&D cooperation agreement. The partnership aims to develop joint educational programs and events, building on previous collaborations such as hackathons focused on energy and smart city solutions in 2018. The agreement will support entrepreneurial training and the development of specialist skills. Why it matters: The partnership aligns with Saudi Vision 2030 by fostering a knowledge-based economy and providing educational and employment opportunities for Saudi youth.
The provided content mentions KAUST (King Abdullah University of Science and Technology) and its association with King Abdullah bin Abdulaziz Al Saud. It also includes a copyright notice. Why it matters: This is a routine update reflecting KAUST's branding and legal information.
The KAUST Innovation Fund will provide venture capital investments in technology-based startups, ranging from seed funding (less than $200,000) to early-stage (up to $2 million). KAUST aims to become a shareholder in the startups it funds and act as a long-term strategic partner. Applications for seed funding can be submitted at any time, and the Fund is seeking startups with a large potential market, a superior product/technology, and a strong team. Why it matters: This initiative should accelerate the growth of technology startups in Saudi Arabia and attract international investment to the Kingdom's innovation ecosystem.
KAUST's Industry Collaboration Program (KICP) celebrated its 15th anniversary, marking $205 million in R&D funding from its members since 2009. The program connects KAUST with government entities and businesses to accelerate innovation, with 28 domestic and international organizations currently participating. KICP members have supported approximately 234 KAUST R&D projects since 2009, and hired 346 KAUST graduates. Why it matters: The KICP's success highlights the increasing importance of public-private partnerships in driving technological advancement and economic diversification in Saudi Arabia, in line with Vision 2030.
KAUST highlights postdoctoral fellows Yi Jin Liew, Isabelle Schulz, Maren Ziegler and Neus Garcias Bonet outside the University Library. The article mentions King Abdullah bin Abdulaziz Al Saud (1924 – 2015). It encourages applications to KAUST's Discovery Postdoctoral program. Why it matters: This brief announcement signals KAUST's ongoing investment in attracting international research talent to Saudi Arabia.
KAUST and the Future Investment Initiative (FII) Institute signed an MoU on January 27 to collaborate on research and facilitate access to scientific knowledge. The agreement was signed by KAUST President Tony Chan and FII Institute CEO Richard Attias at the fourth edition of the FII in Riyadh. The partnership aims to contribute to international development and welfare through actionable technological progress. Why it matters: This MoU signifies KAUST's commitment to translating research into tangible solutions for global challenges, aligning with Saudi Arabia's broader vision for innovation and development.