A new Saudi investment platform, IB Ventures, has officially launched to build an integrated ecosystem for the biotechnology sector. The platform aims to empower innovation and accelerate the growth of life science ventures within the Kingdom and beyond.
A $50 Million Commitment to Bio-Innovation
In a significant move to energize the sector, IB Ventures is launching an investment initiative valued at $50 million. This capital will be used to develop a specialized venture capital fund dedicated entirely to biotechnology. The fund is designed to fuel the entire lifecycle of biotech companies, with a strategic focus on business development, the commercialization of new innovations, scaling projects, and creating opportunities for exits and commercial expansion.
Fostering a Global and Local Ecosystem
IB Ventures’ strategy is twofold: to nurture homegrown talent and to attract world-class international companies. The platform will leverage its own incubator and accelerator programs to support local startups from their earliest stages. Simultaneously, it aims to establish a global footprint with planned offices in Switzerland and the United States, creating a bridge between the Saudi market and established international biotech hubs.
Aligning With Saudi Vision 2030
The launch of IB Ventures represents a strategic step toward building an advanced national biotechnology sector, directly aligning with the objectives of Saudi Vision 2030. By fostering an innovation-based economy, the platform contributes to the Kingdom’s long-term goals of economic diversification and technological advancement. The company has extended an open invitation to investors, partners, and entrepreneurs to join its mission in developing a comprehensive biotech ecosystem with both local and global impact.
About IB Ventures
IB Ventures is a Saudi Arabian investment platform specializing in the biotechnology sector. It operates as an integrated system with a dedicated VC fund, incubator, and accelerator to support and grow life science startups. The platform is committed to fostering innovation within the Kingdom and connecting it to global markets, in line with Saudi Vision 2030.
Source: Jawlah
