Launch of Life Ventures Capital Fund with a Target Capital of SAR 188 Million to Support Life Sciences Startups
During the Bibaan 24 Forum, it was announced that Life Ventures Capital Fund has been launched in Saudi Arabia, aiming to invest SAR 188 million to support and finance startups in the field of life sciences. The fund seeks to foster innovation and contribute to the development of pioneering projects, particularly those focused on providing solutions in the science, health, and biotechnology sectors.
Bibaan 24 Forum Highlights
Bibaan 24, held from November 5 to 9, witnessed significant engagement and participation, with total agreements and launches surpassing SAR 35 billion. The forum welcomed over 182,000 visitors and featured a rich schedule of events, including more than 300 panel discussions and workshops. Over 250 speakers from around the world took part, discussing various topics such as finance, investment, media, tourism, environment, education, sports, along with the non-profit and financial sectors.
Extensive Global Participation of Startups
The forum attracted around 1,350 startups from 72 countries, showcasing their innovative solutions across various industries. In the Investor Arena, 115 entrepreneurs presented their ideas and projects to a group of investors, resulting in preliminary approvals for deals with 65 companies totaling over SAR 15 million.
Entrepreneurship World Cup
The Entrepreneurship World Cup Finals were also held as part of Bibaan 24, a global competition aimed at supporting startups from diverse stages and specializations. Saudi company Mismar won the grand prize after intense competition with 100 companies from over 50 countries, with the winners receiving prizes totaling $1 million to support their projects and expand their impact.
Through these initiatives and events, Bibaan 24 strengthens Saudi Arabia’s position as a leading destination for entrepreneurship and technology investment, paving the way for a new generation of startups focused on innovation and market expansion.
