Wadi Makkah Technology Company, the investment arm of Umm Al-Qura University, has announced the launch of the second edition of its “University Angel Investor” initiative. The program aims to build an integrated community that connects investors with promising early-stage opportunities, enhancing collaboration within the Kingdom’s entrepreneurial ecosystem.
The initiative is designed to provide an interactive platform that brings together investors and high-potential startups, offering participants early access to quality investment opportunities and a direct role in the initial growth stages of these ventures.
Bridging The Investment Gap
The core focus of the University Angel Investor initiative is to systematically link affiliates of Saudi universities and angel investors with startups in their nascent stages. This connection enables them to provide crucial support and participate in the development of these companies until they reach advanced stages and achieve their targeted returns.
By creating this dedicated channel, Wadi Makkah is facilitating a more structured approach to early-stage funding and mentorship, directly addressing a critical need for new ventures emerging from the academic landscape.
A Strategic Push For Angel Investing
Wadi Makkah Technology Company emphasized that the initiative represents a strategic step toward embedding a robust culture of university-level angel investing in Saudi Arabia. This move is expected to strengthen partnerships between investors and entrepreneurs, which in turn supports innovation and contributes to sustainable economic growth in the Kingdom.
The program aligns with the nation’s broader goals of fostering a dynamic, knowledge-based economy by empowering the next generation of founders and mobilizing private capital to fuel their growth.
About Wadi Makkah Technology
Wadi Makkah Technology Company is the investment arm of Umm Al-Qura University. It focuses on investing in technology startups that emerge from university research and the local market, aiming to foster innovation and contribute to the economic development of Saudi Arabia in line with Vision 2030.
Source: Osoul Misr Magazine
