Saudi Biotech Giant Dammam Valley to Launch New Programme for Startups
The programme will look to unlock the potential of a nascent MENA biotech ecosystem, through development, grants and mentorship.
While only a few players have emerged out of a local biotech ecosystem, the pandemic has raised questions on how technology and innovation can be utilised to elevate our responses and insurances. It’s something that Saudi biotech giant, Dammam Valley, is looking to address with the launch of a first-of-its-kind programme for startups operating in-and-around biotech.
The aptly named BioTech Startups Program is aiming to not only stimulate the pockets of biotech innovation happening in the kingdom, but to connect the ecosystem with startups operating in the same field from across the world, with a view to opening channels of investment while establishing knowledge sharing.
Divided into four stages, the programme will offer grants of up to $500K for successful participants, who will also receive mentorship by the likes of Prince Khaled Bin Alwaleed Bin Talal, Eng. Khaled Al-Falih, Eng. Bandar Al-Khorayef, Ms. Lubna Al-Olayan, and several international experts.
You can find out more and apply at www.dammamvalley.com.
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