Strategic Swiss-Saudi Partnership to Launch $250 Million DeepTech Venture Studio in Riyadh
In a groundbreaking collaboration, the Ministry of Investment of Saudi Arabia has joined forces with the Hashgraph Association to establish a $250 million DeepTech Venture Studio in Riyadh. This strategic partnership aims to foster innovation and entrepreneurial growth in the Kingdom, with a focus on deep technology sectors such as AI, DLT, robotics, IoT, VR, and quantum computing.
Empowering Entrepreneurs and Companies in the Saudi Tech Ecosystem
The DeepTech Venture Studio is committed to empowering over 500 companies through entrepreneurial licenses, legal and regulatory support, and connections with key stakeholders and investors. By creating a conducive environment for startups and established companies alike, the venture studio aims to catalyze the growth of the Saudi tech ecosystem.
Comprehensive Support and Global Ambitions for Saudi Startups
The DeepTech Venture Studio will provide a wide range of services, including technical engineering, training, project delivery, product development, and venture capital investments. With the ultimate goal of supporting IPO listings on the Saudi Exchange, the venture studio aims to nurture the next generation of Saudi startups and position them for global success.
Boosting Saudi Arabia’s Position in the Global Technology Landscape
Managed by the Hashgraph Group, the DeepTech Venture Studio is not only focused on stimulating local innovation but also aims to scale operations globally. With its phased approach and substantial investment, this initiative positions Saudi Arabia as a key player in the global technology landscape, attracting international companies and establishing the Kingdom as a hub for advanced technological development.
Collaboration Between Switzerland and Saudi Arabia Fuels Digital Economy Growth
The partnership between Switzerland and Saudi Arabia highlights the growing importance of deep technology in the global economic and innovation landscapes. Through initiatives such as the cross-border “Entrepreneurship Exchange Program,” the collaboration strengthens technological and innovation ties between the two nations, showcasing the future of the digital economy on a global scale.
DeepTech Venture Studio in Riyadh: Empowering the Next Generation of Web3 Entrepreneurs
As the DeepTech Venture Studio begins recruiting a team of professionals and forming partnerships with leading technology firms and academic institutions, it is set to empower the next generation of Web3 entrepreneurs. By leveraging the expertise and innovation ecosystems of both Switzerland and Saudi Arabia, this initiative positions Saudi Arabia as a leading hub for digital innovation and technological advancement.
Analyst comment
1. Positive news: The launch of a $250 million DeepTech Venture Studio in Riyadh through a strategic Swiss-Saudi partnership will foster innovation and entrepreneurial growth in the Kingdom, focusing on AI, DLT, robotics, IoT, VR, and quantum computing. The market is expected to see increased investment and development in the deep technology sectors.
2. Positive news: The DeepTech Venture Studio aims to empower over 500 companies in the Saudi tech ecosystem, providing them with entrepreneurial licenses, legal support, and connections to stakeholders and investors. This will catalyze the growth of the tech ecosystem and benefit both startups and established companies.
3. Positive news: The DeepTech Venture Studio will provide comprehensive support to Saudi startups, including technical engineering, training, project delivery, product development, and venture capital investments. Its aim is to support IPO listings on the Saudi Exchange and position Saudi startups for global success.
4. Positive news: Managed by the Hashgraph Group, the DeepTech Venture Studio aims to stimulate local innovation and scale operations globally, positioning Saudi Arabia as a key player in the global technology landscape. This will attract international companies and establish the Kingdom as a hub for advanced technological development.
5. Positive news: The partnership between Switzerland and Saudi Arabia highlights the importance of deep technology in the global economic and innovation landscapes. Through initiatives like the “Entrepreneurship Exchange Program,” the collaboration strengthens ties and showcases the future of the digital economy on a global scale.
6. Positive news: The DeepTech Venture Studio in Riyadh will empower the next generation of Web3 entrepreneurs by leveraging the expertise and innovation ecosystems of both Switzerland and Saudi Arabia. This positions the Kingdom as a leading hub for digital innovation and technological advancement.
