The KAUST ScaleX program, an initiative by King Abdullah University of Science and Technology (KAUST), has successfully attracted 10 international technology startups from seven different countries to expand into the Saudi market. The announcement, highlighted by Minister of Investment Eng. Khalid Al-Falih, underscores the program’s role as a key gateway for global innovation.
By the Numbers
- 10: International tech startups in the latest cohort.
- 7: Countries represented by the new startups.
A Gateway for Global Deep-Tech Innovation
The KAUST ScaleX program, supported and empowered by the Saudi Ministry of Investment, provides specialized support for innovative startups with deep-tech visions from around the world. It is designed for companies that wish to scale their projects and innovations in the dynamic Saudi market, with the latest cohort featuring startups in biotech, artificial intelligence, and digital gaming.
A Comprehensive Support System
The program offers participants a powerful launchpad by providing strategic support, access to KAUST’s world-class infrastructure, and exclusive networking opportunities with leading government and private sector companies in the Kingdom. This helps international startups to integrate, expand, and build impactful partnerships across Saudi Arabia.
An Opportunity to Watch For
While applications for the most recent cohort have concluded, the KAUST ScaleX program is a recurring initiative. Global entrepreneurs and tech companies interested in expanding into Saudi Arabia are encouraged to monitor the official channels of KAUST for announcements regarding future cohorts and application windows.
About KAUST
King Abdullah University of Science and Technology (KAUST) is one of the world’s top-ranking research universities. It aims to be a beacon of knowledge and technical education, inspiring promising minds to pursue discoveries that address major regional and global challenges. The university is a key part of the Kingdom’s strategy to build a diversified, knowledge-based economy.
Looking Ahead
The success of the KAUST ScaleX program in attracting high-potential global startups is a testament to Saudi Arabia’s growing appeal as a hub for technology and innovation. By providing a direct pathway for international companies to enter the market, the initiative is a crucial component of the Kingdom’s Vision 2030 goals.
Source: Asharq Al-Awsat
