The university provides seed and early-stage funding to its spinouts.
Cherie van Wensveen has joined King Abdullah University of Science and Technology (KASUT) as principal of commercialisation.
Van Wensveen was an investment director at Australian university spinout investment fund Uniseed for eight months before joining the commercisliation arm of the Saudi university.
She was a commercialisation manager at Australian government research centre CSIRO before that.
King Abdullah University of Science and Technology’s startups have raised more than $1bn in total investment, according to the university.
Its commercialisation arm, KAUST Innovation Ventures, co-invests with local and international VC firms. Its spinouts include Edama, a waste recycling technology, and eCopter, a maker of electric vertical take-off and landing vehicles.
University venture funds: The list
More than 200 venture funds finance university spinouts globally, according to Global University Venturing research, showing how important spinout investing has become to the venture capital landscape.
We are tracking funds globally as the sector increasingly emerges as an important asset class. Here is a list of university venture funds around the world.
