LAB 5 "TAPPING INTO ARAMCO'S VALUE CHAIN: A GUIDE FOR STARTUPS AND CEOS" took place at the King Abdulaziz International Conference Center in Riyadh on October 31, 2024, during the 8th Edition of Future Investment Initiative. #fII8
Aramco has announced a significant expansion of its global venture capital program with an additional $4 billion in funding, bringing the total to $7.5 billion. The influx of opportunities and capital available to startups goes further—Aramco’s venture capital program includes Wa'ed Ventures, a $500 million fund focused on nurturing the startup ecosystem in Saudi Arabia, and Aramco Ventures, a $7 billion group supporting disruptive technology ventures in both within and beyond the energy sector—and is accessible to global enterprises.
During this session, Aramco and Wa'ed Ventures discuss the company's new era of startup collaboration, strategic verticals and technologies of interest, and startup founders how to tap into the region and Aramco’s extensive value chain, secure funding, and gain direct investment.
PART I. Led by Wa'ed Ventures speaks to prospective startups entrepreneurs about localization procedures, incentives available, and Wa’ed Ventures’ key investment considerations for global investments.
PART II. Led by Aramco Ventures speaks to startup-founders who are looking to standout to Aramco Ventures, Prosperity7/Sustainability Funds, or even potentially deploying their technology in Aramco.
SPEAKERS:
Mazen Alasnag, Head of Portfolio Management & Growth, Wa'ed Ventures
Mashal Alyami, Portfolio Manager, Wa'ed Ventures
Taha Syed M. Hussian, Head of Strategic VC Investments , Aramco Ventures
Raed Twaily, Head of Strategy, Prosperity7 Ventures
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