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FEATURES AND EVENTS

THE BEACON

Partnering with Research Products Development Company KAUST recently signed a partnership agreement with Research Products Development Company (RPDC) to support technology commercialization and early stage startups in Saudi Arabia. RPDC and the KAUST Innovation Fund, which makes equity investments in high-tech startups, agreed to co-invest in startup companies and establish a joint mentorship and startup exchange program. “This agreement is an important milestone in furthering RPDC’s commitment to accelerating research commercialization

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and startup innovations,” stated Abdulmohsen Almajnouni, CEO at RPDC. “KAUST is a long-term partner of RPDC and we are excited for this next step that will enable us to access and support a strong pipeline of innovative technologies and entrepreneurs in the Kingdom.” The new investment partnership includes an agreement for RPDC to co-invest or match KAUST funding of up to $2 million into deep tech startups at the proof-of-concept, seed and series A funding stages. These investments will enable emerging

technologies to take advantage of RPDC’s expertise in research, prototyping and piloting and help them to accelerate their entry into the market. “RPDC and KAUST share common interests in commercializing intellectual property and supporting high-tech startups in Saudi Arabia,” said Mohammed Bayounes, RPDC business development director. “This agreement will help build a healthy and productive innovation ecosystem within Saudi Arabia and support the transition of the Kingdom’s academic research to commercial application, generating

Profile for KAUST

2019 April Beacon  

2019 April Beacon  

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