Riyadh – Sharikat Mubasher: The Madinah Regional Municipality, in partnership with DeepMinds Holdings, announced launching the Madinah Venture Studio, a platform dedicated to building and scaling purpose-driven companies in deep tech, AI, health technology, sustainability, ESG, and impact sectors, in alignment with Saudi Vision 2030.

As per a recent press release, the initiative aims to position Madinah as a global hub for innovation by connecting local talent, entrepreneurs, corporations, and government entities with a worldwide network of innovators. It responds to rapid population growth, rising demand for smart services, and the need for adaptable infrastructure to meet the aspirations of residents and visitors.

The launch ceremony was attended by Prince Abdulaziz bin Faisal bin Abdulmajid bin Abdulaziz Al Saud, co-founder of DeepMinds KSA, along with other founding partners. DeepMinds will contribute its proprietary AI-powered venture-building system, industry experts, and innovation framework to accelerate the creation of high-impact ventures.

Officials from both sides said the studio will serve as a catalyst for economic, social, and environmental projects, fostering partnerships that leave a lasting impact on Madinah, the Kingdom, and the wider world.