RIYADH: Forty-six deep-tech startups graduated from the King Abdulaziz City for Science and Technology’s Venture Program in a recent ceremony.
The graduating startups come from a diverse range of sectors, including energy, healthcare, renewable resources and emerging technologies.
Notable participants included Glass Earth KSA, which specializes in geospatial technology solutions for environmental monitoring; PainTech Solutions, a company developing innovative approaches to pain management and medical treatments; and EA Systems, focused on advanced engineering solutions for industrial automation and efficiency.
The KACST Venture Program is an initiative designed to support deep-tech startups by providing resources, mentorship, and strategic partnerships to transform research into marketable products and services.
The program was supported by the National Technology Development Program, which also granted technology licenses to a number of private sector firms.
Held at KACST’s The Garage startup incubator in Riyadh, the graduation ceremony brought together key stakeholders, including government officials, researchers and private investors.
Among the dignitaries in attendance was Munir El-Desouki, president of KACST, who praised the initiative’s role in advancing Saudi Arabia’s economic transformation.
Khalid Al-Dakkan, senior vice president of innovation at KACST, said: “At KACST, we worked to connect emerging companies with the government and private sectors, and investors to develop ideas and innovations, and transform them into marketable products and services to support the national economy.”
Al-Dakkan also pointed to the inclusion of strategic partners in the program’s next phase. “The KVP program, in its new version, includes the inclusion of a number of strategic partners to strengthen the innovation system and support the economy,” he said.
The new iteration will involve partnerships with four Saudi universities to foster a vibrant entrepreneurial culture while targeting fields such as clean energy, artificial intelligence and health technologies.
Ibrahim Neyaz, CEO of NTDP, underscored the program’s importance in driving growth in emerging sectors.
“The KACST program for creating emerging companies aims to support and empower owners of innovative technology projects and encourage national companies to invest in emerging technologies to raise their share in the local market, and provide initiatives that help in developing technologies,” he said.
