Saudi Biotech Giant Dammam Valley To Launch New Program For Startup
Updated: Oct 12, 2022
The program will look to unlock the potential of a nascent MENA biotech ecosystem, through development, grants, and mentorship.
While only a few players have emerged out of a local biotech ecosystem, the pandemic has raised questions on how technology and innovation can be utilized to elevate our responses and insurance. It’s something that Saudi biotech giant, Dammam Valley, is looking to address with the launch of a first-of-its-kind program for startups operating in-and-around biotech.
The aptly named BioTech Startups Program is aiming to not only stimulate the pockets of biotech innovation happening in the kingdom but to connect the ecosystem with startups operating in the same field from across the world, with a view to opening channels of investment while establishing knowledge-sharing.
Divided into four stages, the program will offer grants of up to $500K for successful participants, who will also receive mentorship by the likes of Prince Khaled Bin Alwaleed Bin Talal, Eng. Khaled Al-Falih, Eng. Bandar Al-Khorayef, Ms. Lubna Al-Olayan, and several international experts.
You can find out more and apply at www.dammamvalley.com.