A six-city tour from September to December will identify the next generation of transformative Saudi-based entrepreneurs.
In a video, Aramco President & CEO Amin H. Nasser invites Saudis to join the Wa’ed Entrepreneurship Challenge and win a chance to qualify for start-up loans and venture capital.
Tech entrepreneur Loai Labani of Innosoft gains traction
Mohammed Al-Kharouf’s cloud-services provider helped 32,800 Aramco employees combat COVID. The business is so essential, the Saudi government let it operate during lockdowns.
Wa’ed’s group investment in June in Red Sea Farms, a Jeddah maker of a salt water hydroponics growing system, show the benefits of VC syndication with co-investment partners.
Choosing venture capital investments that generate positive impact for the Kingdom is the core of Wa’ed’s VC strategy. Chief Investment Officer Salman T. Jaffrey explains.
As Saudi emerges from COVID-19, the growth of a domestic chemicals industry is taking shape. Wa’ed Loan Chief Mazen Al Asnag says demand for chemical start-ups is on the rise.
Dr. Lamees Abuounassif’s 20-year trek to become one of the first Saudi women to own and operate her own dental practice.
Mohammed Al-Humran repurposed an iconic Al-Khobar parking garage into the Kingdom’s largest self-storage business.
In a post-COVID world, virtual incubation has established itself as the preferred way to mentor start-up entrepreneurs. Dr. Sarah Ghaleb, head of Wa’ed’s Entrepreneurship Innovation Ecosystem, explains why.
Mohammed Al Qahwaji’s Aquaponica start-up is convincing Saudi investors there’s profit to be made in marrying fish farms and hydroponic vegetable operations.
At just 13 years old, Ritaj Alhazmi of Dhahran, a Wa’ed EIS Society member, is the world’s youngest series author. With three books out and two in the works, her story is just beginning.
The logistics of planning a national roadshow were daunting. But as usual, the Wa’ed team is pulling together to organize a prime-time event, writes Wa’ed COO Raed Al-Bakawi.
Betting on Saudi start-ups is not just patriotic, it makes good business sense for Wa’ed. In 2020, the value of its venture capital investment portfolio soared 78 million SAR, writes Wa’ed CFO Majed Alarji. That may be just the beginning.
Join the largest group of Gulf entrepreneurs, Wa’ed’s Innovation Ecosystem Society. Engage with 1,500 experts in a high-level dialogue on the future of Saudi’s entrepreneurial ecosystem. Scan the QR code for sign-up details.
There’s a lot going on at Wa’ed. Click here for a calendar of important dates and events in July, August and September.
Wa’ed, the Saudi Aramco Entrepreneurship Center, is located in Dhahran Techno Valley near Aramco HQ. Established in 2011, Wa’ed is the only no-collateral lender to Saudi start-ups and the largest domestic VC investor in Saudi-based firms. To contact us, visit our website www.waed.net
Wa’ed was busy during the second quarter. Click here to read our news releases published April-June 2021.
Wa’ed’s VC investment in FalconViz
Wa’ed invests in Red Sea Farms
In our next issue, we’ll update you on Wa’ed’s Entrepreneurship Roadshow, profile more Wa’ed portfolio companies such as drone delivery service Quix and run through the latest venture capital and loan announcements from the entrepreneurship arm of Aramco.
The renovation of Wa’ed’s headquarters in Dhahran Techno Valley is moving along. Soon, the first half of our office will be completed, and workers will begin on the rest.
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