TLDR:
Key Points:
- stc Group has launched Tali Ventures, a venture capital arm to support tech startups across various sectors.
- The focus areas for Tali Ventures include AI, fintech, proptech, ICT, Cloud, IoT, and cybersecurity.
In a significant move towards fostering technological innovation and supporting entrepreneurial talent, stc Group has announced the launch of Tali Ventures, its corporate venture capital arm. Tali Ventures aims to act as a catalyst for innovative startups by leveraging stc Group’s ecosystem to advance technology across its operating markets. The initiative has already made investments in startups like Nile, Rewaa, and NearPay, covering sectors ranging from network solutions to digital payments.
Collaborating with global funds like Sanabil and Prosperity7, Tali Ventures is not just investing in startups but shaping the future of technology. The focus areas include AI, fintech, proptech, ICT, Cloud, IoT, and cybersecurity with the goal of supporting ventures that have the potential to revolutionize industries. Tali Ventures’ holistic approach provides comprehensive support from inception to growth stages for startups, fostering innovation and nurturing a thriving talent ecosystem.
Through strategic investments and programs like InspireU, stc Group is driving economic diversification and growth in alignment with its DARE strategy. As Tali Ventures embarks on this journey, it signifies stc Group’s dedication to advancing technological innovation and supporting startups in a dynamic global ecosystem. By fostering an entrepreneurial ecosystem, Tali Ventures is not only investing in the future of technology but also contributing to the economic growth and diversification of its operating markets.
