In Jubail and Yanbu, Wa’ed set aside 19.1 million SAR for 11 entrepreneurs in loans and incubation grants, as the 2021 National Entrepreneurship Roadshow gained traction.
The Wa’ed roadshows in Saudi’s two largest industrial cities drew capacity crowds of investors, government officials and innovators seeking funding, support and access to capital.
In Jubail and Yanbu, Wa’ed connected with a new generation of Saudi-based entrepreneurs, expanding its support to the best and brightest new start-up businesses. Meet the new additions.
With a venture capital investment in Mohtwize, the Middle East’s first ad-driven podcast platform, Wa’ed is supporting the future of the Kingdom’s fastest-growing talk medium.
With a 3.75 million SAR loan, Wa’ed is enabling SICCO, a start-up that aims to become Saudi’s first local producer of a ubiquitous compound used in the oil and gas drilling process.
More than 100 people from as far away as Canada and the US took part in a Wa’ed Start-Up Grind webinar led by Steve Gotz, a Silicon Valley expert on emerging technologies.
Red Sea Farms gets a UN award and enlists more investors; Mohtwize and Joi Gifts join the Wa’ed VC lineup; SICCO to build Saudi’s first calcium bromide plant for oil and gas drilling; Future Platform takes virtual reality to the classroom; Avantcare co-founder honored by League of Arab Nations; and more from the Wa’ed ticker of portfolio company news.
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 important dates and our roadshow events in October, November and December.
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
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