Saudi Arabia’s KAUST startups win top prizes

Saudi Arabia’s KAUST startups win top prizes
Updated 12 April 2018

Saudi Arabia’s KAUST startups win top prizes

Saudi Arabia’s KAUST startups win top prizes

JEDDAH: Startups from the King Abdullah University for Science and Technology (KAUST) have taken top prizes in the Kingdom’s recent entrepreneurship competitions.
Leading the way was KAUST startup Sadeem, a wireless sensor system for flood monitoring. After winning Best Global Startup award and clinching $100,000 in prize money at GITEX Future Stars, the startup has won first prize at the ArabNet Riyadh and most recently, the Best Entrepreneur Award from Oqal.
“These wins reflect six years of hard work. The cash prizes have allowed us to enhance each department of the company and deliver our first pilot projects,” said Sadeem co-founder Esteban Canepa.
Startups from both of the KAUST accelerator programs are also showing promise.
Quantum Solutions, a nanotech developer of quantum dots for LCD displays, LEDs and solar cells, won first place at the MIT Enterprise Forum’s Startup Smart event in Riyadh. Another KAUST startup, Al Maha Systems, a livestock tracking system for farmers, recently won the first prize in the innovation competition from the Small and Medium Enterprise Authority (Monshaat) at the Asbar Forum.
Empowering entrepreneurs is part of the university’s commitment to developing a culture of innovation and fueling the growth of the SME (small and medium enterprises) sector in Saudi Arabia.
“KAUST supports early-stage startups in the Kingdom to explore, test and build their business ideas,” said Kevin Cullen, vice president for KAUST Innovation and Economic Development. “In addition, the KAUST Research & Technology Park hosts a growing number of early-stage startups and SMEs. We support entrepreneurs throughout their entire lifecycle, from idea to market.”


Environment fund, centers inaugurated in Saudi Arabia  

Updated 4 min 21 sec ago

Environment fund, centers inaugurated in Saudi Arabia  

Environment fund, centers inaugurated in Saudi Arabia  
  • Ministry aims to contribute to the financial sustainability, protect ecosystems

Saudi Arabia’s newly established environment fund and environment centers were inaugurated on Thursday as part of the country’s sustainability strategy and efforts to ensure the protection of its environment and ecosystems.
The fund and five centers were inaugurated by Abdulrahman Al-Fadley, who is the minister of environment, water and agriculture.
“Establishing an environment fund aims at contributing to the financial sustainability of the environment sector and providing the necessary capabilities for its advancement, by contributing to supporting the operational budgets of environmental centers, supporting environmental programs, studies and initiatives, stimulating environmentally friendly technologies and improving environmental performance and environmental rehabilitation programs,” the minister said.
The National Center for the Development of Vegetation Cover and Combating Desertification aims to develop and manage national parks, develop and rehabilitate vegetation cover in forests, protect local endangered plant species, combat desertification, in addition to conducting studies and supporting research related to vegetation.
The National Center for Environmental Compliance is concerned with monitoring the environmental compliance of all establishments that have an impact on the environment in all development sectors, supervising programs for monitoring sources of environmental pollution in addition to approving environmental impact studies, issuing environmental licenses for all development projects, and inspecting installations.
The ministry said the tasks of the National Center for Wildlife Development included supervising programs related to the protection and development of wildlife and biological diversity, as well as planning and managing protected areas and managing centers for the breeding and resettlement of endangered animals.
The National Center for Meteorology will monitor weather and climate conditions, prepare forecasts, provide airports, ports and other bodies with data and weather forecasts, and operate weather monitoring stations in the Kingdom’s regions.
The National Center for Waste Management will organize the waste management sector to improve the quality of services, enhance the level of capabilities and competencies, enhance the economic sustainability of the sector by stimulating investment and maximizing the participation of the private sector, reduce waste disposal in landfills by stimulating the use of best practices in resource recovery techniques.