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KAUST startups place in top 10 at Startup Istanbul

KAUST · Nov 6

Three KAUST startups, iyris, Oaesis, and UnitX, were selected in the top 10 at the Startup Istanbul international competition out of 90,000 applicants. iyris secured third place with its technology, while Oaesis developed a laser-based energy-efficient lighting system for indoor farms. KAUST supports emerging companies from ideation to marketing and financial support. Why it matters: This showcases KAUST's role in fostering innovation and contributing to Saudi Arabia's knowledge-based economy by supporting promising startups on the global stage.

Startup Wrap: Over $250m raised as MENA SME activity accelerates - Arab News

Arab News · Jan 18

A recent report indicates that startups across the Middle East and North Africa (MENA) region have successfully raised over $250 million. This significant capital injection points to an accelerating pace of activity within the region's Small and Medium-sized Enterprise (SME) sector. The report reflects a broader trend of increased investment and growth in entrepreneurial ventures across various industries in MENA. Why it matters: This continued growth in startup funding and SME activity is vital for cultivating a dynamic entrepreneurial ecosystem in the MENA region, providing potential capital and opportunities for emerging AI companies and broader technological innovation.