high-value employment, export growth and other important economic benefits.”
help both of our organizations continue to support scientists in commercializing their discoveries.”
Tamer Osman, head of the KAUST Innovation Fund, stated: “RPDC is our first strategic co-investment partner, and this agreement increases our ability to make significant investments into deep tech startups and commercialize KAUST technologies. The agreement also goes beyond funding—we will work together to establish mentorship and other entrepreneur support programs. Our mission is closely aligned to RPDC’s, and this partnership will
RPDC and KAUST will support high-tech entrepreneurs in the Kingdom through the co-development of two new entrepreneurship programs. The first will draw on the joint expertise and global reach of both organizations to establish a mentorship program of technical experts and experienced entrepreneurs to advise startup founders. A second program will launch a startup exchange focusing on robotics.
“RPDC is an important partner for KAUST, given its position as a leading commercialization institution in Saudi Arabia,” noted Kevin Cullen, vice president of KAUST Innovation and Economic Development. “We are thrilled to be co-investing and supporting the Kingdom’s leading tech-based startups with RPDC.” By Alexander Buxton, KAUST News