In a significant move to bolster the Saudi start-up ecosystem, MSA Novo has signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST). This partnership underscores MSA Novo’s commitment to fostering innovation and entrepreneurship in Saudi Arabia.
“This strategic collaboration will leverage our global network and KAUST’s research capabilities to accelerate innovation within the Kingdom. MSA Novo has always been at the forefront of bringing leading global technologies to Saudi Arabia that meet strategic demand, and our partnership with KAUST further solidifies that platform to bring global innovation to Saudi Arabia through the Kingdom’s preeminent research university, allowing us to build world-class technologies domestically,” said Ben Harburg, Managing Partner at MSA Novo.
MSA Novo’s partnership with KAUST will significantly impact the local start-up landscape. By focusing on joint investment initiatives and developing new start-up accelerator programmes, MSA Novo aims to support the growth of emerging companies and foster technological advancements in alignment with Saudi Arabia’s Vision 2030.
"KAUST is supporting a wave of innovation in Saudi Arabia, transforming the economy and fostering a culture of entrepreneurship. We are grateful to our investor partners for their support and vision, helping us build a vibrant ecosystem,” said Vice President of National Transformation Initiative at KAUST, Ian Campbell.
Key areas of collaboration outlined in the MoU include:
By fostering collaborations and leveraging global technologies, MSA Novo and KAUST are set to drive significant economic growth and technological advancement in the Kingdom.