IB Ventures, Saudi Arabia’s first dedicated biotechnology venture capital fund, has officially joined the Saudi AgriFood Tech Alliance (SAFTA). The membership marks a strategic effort to integrate advanced biotech solutions into the Kingdom’s agricultural sector, supporting national goals for food security and environmental sustainability in alignment with Vision 2030.
Accelerating Green Biotech Adoption
By joining the alliance, IB Ventures aims to leverage its $50 million fund and specialized expertise to accelerate the adoption of “green biotechnology.” This field focuses on using biological processes and organisms to improve crop yields, enhance nutritional value, and develop more resilient agricultural systems. The partnership will allow IB Ventures to collaborate with a network of national and international stakeholders—including government entities, research institutions, and private sector leaders—to scale these innovations across the Saudi market.
Strengthening The National AgriFood Ecosystem
The Saudi AgriFood Tech Alliance serves as a collaborative platform under the Ministry of Environment, Water, and Agriculture (MEWA) to mobilize a network of food and agriculture stakeholders. The inclusion of IB Ventures adds a critical venture capital and biotech-focused layer to the alliance. IB Ventures operates an integrated model that combines a VC fund with a dedicated incubator and accelerator, designed to attract global biotech startups to the Kingdom while fostering homegrown talent.
Focused On Food Security And Sustainability
The investment strategy of IB Ventures prioritizes practical, high-impact solutions that address the specific challenges of the Saudi climate and supply chain. Through this alliance, the firm intends to bridge the gap between laboratory research and large-scale commercial application, ensuring that biological breakthroughs contribute directly to the Kingdom’s self-sufficiency in strategic food commodities.
About IB Ventures
Integrated Bio (IB) Ventures is a Riyadh-based venture capital firm and ecosystem builder focused on the biotechnology sector. With a global reach extending to Switzerland and the USA, the firm manages a $50 million fund and an incubator-accelerator program. IB Ventures is dedicated to supporting startups through business development, commercialization, and scaling, with a primary mission to establish a world-class biotech hub within Saudi Arabia.
Source: IB Ventures
