{"id":36264,"date":"2024-11-11T23:29:27","date_gmt":"2024-11-11T20:29:27","guid":{"rendered":"https:\/\/entarabi.com\/?p=36264"},"modified":"2024-11-11T23:29:27","modified_gmt":"2024-11-11T20:29:27","slug":"launch-of-life-ventures-capital-fund-with-a-target-capital-of-sar-188-million-to-support-life-sciences-startups","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/11\/launch-of-life-ventures-capital-fund-with-a-target-capital-of-sar-188-million-to-support-life-sciences-startups\/","title":{"rendered":"Launch of Life Ventures Capital Fund with a Target Capital of SAR 188 Million to Support Life Sciences Startups"},"content":{"rendered":"<p dir=\"ltr\">During the <strong>Bibaan 24 Forum<\/strong>, it was announced that <strong>Life Ventures Capital Fund<\/strong> has been launched in Saudi Arabia, aiming to invest <strong>SAR 188 million<\/strong> to support and finance startups in the field of <strong>life sciences<\/strong>. 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.<\/p>\n<h3 dir=\"ltr\">Bibaan 24 Forum Highlights<\/h3>\n<p dir=\"ltr\"><strong>Bibaan 24<\/strong>, held from November 5 to 9, witnessed significant engagement and participation, with total agreements and launches surpassing <strong>SAR 35 billion<\/strong>. The forum welcomed over <strong>182,000 visitors<\/strong> and featured a rich schedule of events, including more than <strong>300 panel discussions and workshops<\/strong>. Over <strong>250 speakers<\/strong> from around the world took part, discussing various topics such as <strong>finance<\/strong>, <strong>investment<\/strong>, <strong>media<\/strong>, <strong>tourism<\/strong>, <strong>environment<\/strong>, <strong>education<\/strong>, <strong>sports<\/strong>, along with the <strong>non-profit<\/strong> and <strong>financial<\/strong> sectors.<\/p>\n<h3 dir=\"ltr\">Extensive Global Participation of Startups<\/h3>\n<p dir=\"ltr\">The forum attracted around <strong>1,350 startups<\/strong> from <strong>72 countries<\/strong>, showcasing their innovative solutions across various industries. In the <strong>Investor Arena<\/strong>, <strong>115 entrepreneurs<\/strong> presented their ideas and projects to a group of investors, resulting in preliminary approvals for deals with <strong>65 companies<\/strong> totaling over <strong>SAR 15 million<\/strong>.<\/p>\n<h3 dir=\"ltr\">Entrepreneurship World Cup<\/h3>\n<p dir=\"ltr\">The <strong>Entrepreneurship World Cup Finals<\/strong> were also held as part of Bibaan 24, a global competition aimed at supporting startups from diverse stages and specializations. <strong>Saudi company Mismar<\/strong> won the grand prize after intense competition with <strong>100 companies<\/strong> from <strong>over 50 countries<\/strong>, with the winners receiving prizes totaling <strong>$1 million<\/strong> to support their projects and expand their impact.<\/p>\n<p dir=\"ltr\">Through these initiatives and events, <strong>Bibaan 24<\/strong> strengthens Saudi Arabia\u2019s position as a leading destination for <strong>entrepreneurship<\/strong> and <strong>technology investment<\/strong>, paving the way for a new generation of <strong>startups<\/strong> focused on innovation and market expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":36265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[6260,6259],"class_list":["post-36264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-bibaan-24-forum","tag-life-ventures-capital-fund"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=36264"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/36265"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=36264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=36264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=36264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}