KAUST first university to sign MoU with Sinovation Ventures for tech investment

KAUST first university to sign MoU with Sinovation Ventures for tech investment

King Abdullah University of Science and Technology (KAUST), and Sinovation Ventures signed an MOU with the aim of technology venture building, and related consulting services..

Both parties highlighted that KAUST is the first university with whom Sinovation Ventures has signed an MoU, according to Saudi Gazette.

For the latest headlines, follow our Google News channel online or via the app.Sinovation Ventures is a leading Chinese technology venture capital, started in 2009 by a team led by Dr. Kai-Fu Lee, with a presence in Beijing, Shanghai, Shenzhen, Nanjing, and Guangzhou.Dr. Kai-Fu Lee is the Chairman and CEO of Sinovation Ventures and President of Sinovation Venture’s Artificial Intelligence Institute.

The organization currently manages more than $3 billion assets under management (AUM) between $10 billion and RMB funds in total, and over 400 portfolio companies across the technology spectrum in China.KAUST President Tony Chan and Vice President of Innovation Kevin Cullen met with Sinovation CEO, Dr. Kai-Fu Lee, to formalize the agreement and discuss the dynamic opportunities to work together in areas including natural language processes technology for the Arabic language and venture-building possibilities.

Sinovation Ventures will meet with a number of KAUST start-ups in areas of interest, and a range of academics working in tech