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KSU + SparkLabs launch university-based tech fund
King Saud University (KSU) is turning its academic labs into a launchpad for the next generation of tech giants through the newly established King Saud University Venture Fund, according to a press release. In partnership with Silicon Valley-born SparkLabs, the university’s investment arm Riyadh Valley Company aims to transform scientific research and student-led projects into commercially viable, high-impact startups.
The details: Managed by SparkLabs, the fund and its accompanying accelerator will target early-stage ventures from KSU students and faculty, while also attracting external tech firms to the university’s research infrastructure.
Flyadeal grows Madinah network
Low-cost carrier Flyadeal is adding Jazan, Qassim, and Arar to its Madinah network from 1 March, bringing the number of non-stop domestic and international destinations served from the city to 10, according to a press release. The expansion follows the establishment of Madinah as its fourth operational base in January, lifting capacity by 40% and raising weekly frequencies to 94 flights.
More to come: The airline also plans to launch services to London and Dubai. To support this expansion, it introduced the Sfeer loyalty program for travelers, and it aims to expand its network to over 100 destinations by 2030.
