An MoU will look to kick off a number of initiatives to create opportunities for entrepreneurs working on the 4th Industrial Revolution technologies in the KSA.
Saudi tech-focused investment firm, Taibah Valley, has announced that it has entered into an agreement with Flat6Labs that will see several programmes and initiatives launched to support tech entrepreneurs in the Kingdom.
Owned by Taibah University, Taibah Valley has built a track record of investing in modern technologies, building emerging companies and venture investment. An MoU signed with the seed and early-stage venture capital firm will promote initiatives of the national system in the research, innovation and information technology sectors, while sharing expertise and knowledge with a view to further empowering tech entrepreneurs in the KSA.
The partnership feeds into Taibah Valley’s agenda for 2022, according to CEO Jaber Al Mutairi. “The upcoming period will be focused on building a comprehensive system to support and empower the human capital in modern technologies,'' he said, adding that they will also look to develop an environment that supports innovation. The ultimate goal is to contribute in promoting the development of emerging companies and create opportunities for entrepreneurs working on the 4th Industrial Revolution (4IR) technologies in the KSA, which is considered the largest regional technology hub in the MENA region.