Catalyze Saudi: MISA, Jada partner to bolster Saudi Arabia’s start-up ecosystem

Catalyze Saudi: MISA, Jada partner to bolster Saudi Arabia’s start-up ecosystem

Saudi Arabia’s Ministry of Investment (MISA) and Funds of Funds Company (Jada) have formed a partnership to bolster the Kingdom’s start-up and innovation sector and support economic diversification under the ‘Catalyze Saudi’ initiative, the Saudi Press Agency (SPA) reported on Sunday.

Jada, owned by the Public Investment fund (PIF), provides funding to start-ups in the Kingdom through commercially sustainable investments in venture capital and private equity funds.

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The two entities announced that they will host a series of ‘Catalyze Saudi’ events under the theme of disruptive technologies, which aims to bring together Saudi and global entrepreneurs and investors for networking and learning opportunities.

“Catalyze Saudi will be an engagement platform bringing people together for learning and mutual benefit. We hope this effort will help Saudientrepreneurs and investors increase their access to international markets, capital and expertise, while also creating awareness among global leaders on the great opportunities in the Saudi market,” Jada’s Chairman Mazen al-Jubeir said in a statement carried by SPA.

The first of these events will be held in Jeddah and the capital Riyadh this month. Other events hosted by the platform this year will focus on private equity