Riyadh - Sharikat Mubasher: Riyadh Valley Company and SparkLabs Riyadh Valley Company, the investment arm of King Saud University, launched the King Saud University Venture Fund and Startup Accelerator to strengthen the university’s innovation ecosystem.
Established in partnership with the global group SparkLabs, the fund aims to transform scientific research outputs and entrepreneurial projects into high-impact, sustainable tech startups, Riyadh Valley Company announced in a statement today.
The fund will be managed by SparkLabs and will target early-stage startups, with a particular focus on ventures emerging from King Saud University, including projects led by students, researchers, and faculty members.
Khalid Al-Saleh, CEO of Riyadh Valley Company, affirmed that the launch of the new fund aligns with the company’s strategic role in supporting King Saud University’s entrepreneurship ecosystem.
He highlighted that the fund and its accompanying accelerator will help build the capabilities of university-based entrepreneurs, enhance the investment readiness of tech projects, and strengthen the university’s position as a national leader in innovation and technology within the knowledge economy.
The King Saud University Venture Fund and Startup Accelerator also attracts promising tech companies seeking to benefit from the university’s advanced research and innovation infrastructure.
