KAUST Innovation Ventures is a venture capital firm established in 2010 and located in Thuwal, Saudi Arabia. The firm focuses on fostering the emerging Saudi technology ecosystem by making seed and early-stage investments in high-tech startups across various sectors, including energy and environment, food and water, advanced materials, robotics, information and communications technology, and healthcare. By acting as a long-term strategic partner, KAUST Innovation Ventures supports its portfolio companies through mentorship and acceleration programs offered by its Entrepreneurship Center. The firm aims to cultivate an innovation-driven investment community and attract both local and international investors to contribute to the growth of innovative technologies in the region.
Interim Vice President and Executive Director of Special Projects, Office of President
Kevin Cullen Ph.D
Vice President of Innovation and Economic Development
Past deals in Fossil fuels
Arabian Combustion Technologies
Seed Round in 2018
Arabian Combustion Technologies (ACT) is a spinout company from KAUST that specializes in advancing combustion technologies aimed at reducing environmental impacts associated with fossil fuel use. The company focuses on developing innovative solutions such as low energy desulphurization processes and novel emulsification methods to enhance fuel efficiency and minimize ecological harm in static energy generation. By partnering with leading technology providers, ACT seeks to leverage cutting-edge research to improve combustion practices both in Saudi Arabia and globally. In addition to its technological advancements, ACT is committed to fostering local talent by establishing manufacturing capabilities and creating high-value employment opportunities within the Kingdom.
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