With $300 million in capital, Beta Lab, a deep tech fund and studio, was established on the first day of the Future Investment Initiative (FII) 2024. In order to enable businesses to grow and open up new opportunities in some of the most dynamic markets on the planet, the fund seeks to support the development of startups and promote cross-border innovation between the Middle East and Southeast Asia.
The Saudi Ministry of Investment, the Research, Development, and Innovation Authority, the Hong Kong Science and Technology Parks Corporation (HKSTP), and MDI Ventures by Telkom Indonesia are among the prominent organizations in the domains of innovation and investment that have formed a strategic partnership with Beta Lab.
Through this collaboration, the fund will be able to fulfill its mission of assisting entrepreneurs and advancing technological solutions that help solve market issues and adapt to changing demands.
The fund aims to provide funding to technology-focused startups, regardless of their stage of development, in order to support their initiatives and facilitate their quick expansion. It also helps businesses that are creating creative answers to problems in a variety of fields, including fintech, digital health, AI, and smart mobility.
