KAUST Innovation Fund is a venture capital firm that aims to grow an innovation and technology investment community and to attract investors and venture capital firms to the emerging Saudi technology ecosystem. The firm makes venture capital investments in high-tech startups from seed to early-stage and becomes a long-term strategic partner of these ventures. They also provide mentorship and acceleration to the startups. It specializes in the solar and alternative energy, water, information and communications, material and chemical sciences, electrical and electronics, biological and life sciences sectors, ICT.