Fountech Labs is proud to announce its selection as the official delivery partner for the inaugural Jameel Deep Tech Initiative 2025. Supported by Community Jameel Saudi Foundation and organized by StartSmart Saudi, this groundbreaking initiative aims to identify, screen, select, and commercialise economicallyand socially impactful and sustainable early-stage deep tech startups within Saudi Arabia's health, environmental, and energy sectors.

Fountech Labs will leverage its proprietary methodologies and expertise in venture building to manage the end-to-end delivery of the initiative. This includes designing acceptance criteria and data capture frameworks, managing the application and selection process, executing a key2-day competitive event, and delivering comprehensive venture-building modules covering technology analysis, commercial strategy, team development and market launch preparations.

"We are honoured to partner with Community Jameel Saudi Foundation and StartSmart on this vital initiative," said Salvatore Minetti, CEO at Fountech Labs. "Their commitment, vision and ambition to truly impact the Kingdom’s deep tech ecosystem is key to the success of this initiative. Our focus will be on translating cutting-edge R&D into real-world, market-ready solutions and strengthening the support infrastructure for deep tech entrepreneurs in the Kingdom. This program is designed to be scalable and repeatable, contributing significantly to local innovation and positioning Saudi Arabia as a global leader in these critical sectors."

About Fountech Labs:

Fountech Labs is a deep tech venture builder based in Saudi Arabia. We help our clients create and launch deep tech innovation atscale. We work with our clients to identify the innovators of tomorrow,co-creating foundational technologies and launching them to market

About Community Jameel Saudi Foundation:

In 1945, the late Sheikh Abdul Latif Jameel established acommitment to giving back to society, spearheading philanthropic initiatives,and launching social welfare programs. Community Jameel Saudi foundation wasestablished in 2010 to spearhead societal and developmental programs supportingsocio-economic development and is committed to supporting Saudi communitiesthrough strategic areas of development focused on Competency Development, WomenEmpowerment, Entrepreneurs Advancement, Community Wellbeing, Science andTechnology, Preserving the Environment, Continuous Development of Education,and Humanitarian Initiatives.

About StartSmart Saudi:

Launched in 2016 by Community Jameel Saudi Foundation,StartSmart Saudi is a leading initiative dedicated to fosteringentrepreneurship and innovation across the Kingdom. It offers a comprehensive,year-round platform that supports aspiring entrepreneurs across multiplesectors through a variety of programs, ranging from competitions, accelerators,incubators, mentorship, and educational events. StartSmart Saudi seeks to driveeconomic growth in the Kingdom of Saudi Arabia by empowering entrepreneurs tobuild resilient startups. Thusly, generating high-quality jobs, attractinginvestment, and enhancing the contribution of SMEs to Saudi Arabia’s GDP.

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