VentureLab Startup Fall 2012

Brief Description :

VentureLab is a KAUST Entrepreneurship Center program that empowers its participants to validate research projects and ideas, develop an entrepreneurial mindset, obtain a unique startup experience, and create a product to benefit KAUST, its community, and possibly the Kingdom.

Goals:

  • The overall objectives for the participating teams are validating their product idea, developing a working prototype that customers need, engaging with potential customers, and pitching to judges and potential investors.

Targeting Group :

  • Students and academics

Beneficiaries Number:

Initiative Impact:

Results By The Numbers:
• 90 applicants
• 31 were admitted
• 13 startup projects created
• 10 startups completed the program
• 9 startups pitched to judge
• 3 teams were shortlisted for KAUST Seed Funding and were awarded prizes.