The Saudi university's investment arm has formed the fund to invest in research emerging from the academic institution.
The investment arm of King Saud University has launched a fund to provide financial support to spinouts from the Saudi academic institution.
Riyadh Valley Company, the investment subsidiary of King Saud University, launched the fund in partnership with SparkLabs, a Silicon Valley-based VC and accelerator. SparkLabs will manage the fund.
It will invest in early-stage startups, with a focus on ventures emerging from King Saud University, including projects led by students, researchers and faculty members.
It will invest in technology companies accessing the university’s advanced research labs.
