– Riyadh, Kingdom Of Saudi Arabia

Beta Labs, in partnership with the Ministry of Investment, the Future Investment Institute (FII), and KBW Ventures has announced the launch of its ambitious 2024 DeepTech Startups Program. This initiative aims to attract elite talent in the realms of BioTech, FoodTech, and Artificial Intelligence, along with founders with innovative ideas making a significant impact. The program offers unparalleled opportunities for investment, mentorship, and market access, fostering a vibrant ecosystem for technological innovation and entrepreneurship.

The 2024 DeepTech Startups Program is committed to sourcing cutting-edge technologies worldwide, aiding in the development of applications that align with advanced Deep Technology principles. Additionally, the program will offer management consulting and specialized training for both national and international professionals keen on exploring opportunities within these dynamic industries.

Program Structure and Opportunities:

Structured in four comprehensive stages, the program begins with a registration phase for projects and startups eager to join this transformative journey. A meticulous selection process follows, identifying projects with the potential for significant impact and development. The subsequent stage provides an intensive development framework for refining and enhancing selected projects. Culminating in a final evaluation, the program will distribute grants up to US$1,000,000 to the most promising ventures.

This final stage also opens doors to mentorship from renowned leaders within the business, investment, and decision-making ecosystems. Among the distinguished mentors are HRH Prince Khaled bin Alwaleed bin Talal, founder and CEO of KBW Investments; H.E. Eng. Khaled Al-Falih, Saudi Arabia’s Minister of Investment; Mrs. Salwa Akhannouch, Founder and CEO of Aksal Holding; Dr. Peter Diamandis, Entrepreneur and CEO; and Dr. Mehmood Khan, CEO of Hevolution.

This program not only aims to elevate the deeptech landscape in Saudi Arabia but also to forge a pathway for innovative solutions and entrepreneurial success in the global arena.

Through strategic partnerships and a keen focus on the future of technology, the 2024 DeepTech Startups Program promises to be a cornerstone initiative for nurturing talent and fostering innovation in Saudi Arabia and beyond.