Saudi Arabia-Based Dammam Valley Launches BioTech Startups Program Aimed at encouraging the establishment of more biotechnology startups in Saudi Arabia, BioTech Startups Program will also work towards fostering ties with other global startups.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.


Saudi Arabia-based biotechnology and healthcare investment company Dammam Valley has launched its BioTech Startups Program in partnership with Imam Abdul Rahman bin Faisal University, Saudi Aramco, Future Investment Initiative Institute (FII), and Sadara Petrochemical Company, as well as Saudi Arabia's Ministry of Investment and Ministry of Industry.

Created with an aim to encourage the establishment of more biotechnology startups in Saudi Arabia, the BioTech Startups Program is also set to work towards fostering ties with other global startups, providing opportunities for investments, and encouraging local talent pool towards tackling issues in the biotechnology ecosystem.

The BioTech Startups Program will further look to obtain latest technologies from across the world that can aid in building applications that are in line with the national biotechnology strategies, while also providing management consulting and training for national and international cadres interested in the industry.

Source: Dammam Valley

The program has been designed in four stages: a registration stage where projects and startups sign up for the event, a selection stage where qualified projects are chosen for further participation, a development stage for the chosen projects to be defined and improved, and a final selection stage where grants worth a total of US$500,000 will be awarded.

The fourth and final stage will also enable the candidates to receive mentorship from ecosystem leaders who are experienced in the fields of business, investment, and decision making. Among the expected 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, His Excellency Eng. Bandar Al-Khorayef, Saudi Arabia's Minister of Industry and Mineral Resources, and Lubna Al-Olayan, CEO of Olayan Financing Company.

Interested applicants can directly register at the official site here.

Related: KAUST's Ideation Challenge Sees Students Present Solutions To Tackle Issues Related To Water, Aviation, And The Hajj Experience

Wavy Line

Related Topics


The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

The most successful people on the planet are also the people most likely to devote an hour a day to reading and learning.


6 Things Successful People do Before 9 a.m.

Doing something useful when you feel least like doing anything almost guarantees a productive day.


Here's How to Add Music to Your Instagram Story

Want to know how to add music to Instagram stories to maximize their appeal? Here are a few ways to add music to Instagram content.


Delivering Through Discipline: Salem Rashid Al Noaimi, MD And CEO, Waha Capital

The art of investment- as explained by a seasoned player in the MENA space.

Growing a Business

6 Unconventional Growth Tactics to Generate Immediate Ecommerce Revenue

When you're short on making payroll, these tactics can help put immediate cash in your pocket.