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Beta Lab, a Saudi Arabia-based venture capital (VC) and deep technology startup co-creation studio, is a partnership between the Kingdom’s Ministry of Investment, the global non-profit foundation Future Investment Institute (FII), and KBW Ventures. We have partnered with. is a VC-focused asset management company based in the United Arab Emirates and is set to launch the 2024 edition of its Deep Tech Startup Program.
The program is open to entrepreneurs in deep technology sectors such as biotech, foodtech and artificial intelligence (AI) and includes His Highness Khaled bin Alwaleed bin Talal, founder and CEO of KBW Investments Designed to provide guidance from renowned industry experts. HE Eng. Khaled Al-Falih, Minister of Investment, Saudi Arabia. Salwa Akhanoush, founder and CEO of Axal Holding, and others.
Source: Beta Lab
The 2024 DeepTech Startup Program will give participants broader market access to their businesses and open up investment opportunities. Additionally, the program provides management consulting and professional training to domestic and international professionals who are keen to explore long-term opportunities in the deep tech industry.
The DeepTech Startup Program 2024 is divided into four stages, the first of which is the registration process. The second stage involves a rigorous selection process to identify projects with significant impact and development potential. The next stage of the program will employ an intensive development framework to fine-tune and strengthen the selected business ideas. The fourth and final stage involves a final evaluation of ideas and grants of up to USD 1 million are awarded to the most promising ventures. This fourth stage also incorporates mentoring sessions with the aforementioned mentors.
By focusing on strategic partnerships and the future of technology, the 2024 Deep Tech Startup Program will cultivate deep tech talent within the Kingdom and equip innovative solutions and entrepreneurial success on the global stage. We are expected to pave the way.
Related: US-based Ruder Finn acquires UAE-based Atheline, the first such transaction in the Middle East
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