During the Future Investment Initiative (FII) 2024, Beta Lab has announced the launch of the Beta Lab Growth Fund of $300 million to accelerate growth of startups between MENA & Southeast Asia, fostering cross-border innovation between two of the world’s most dynamic emerging markets, shaping a brighter future for humanity.
Beta Lab represents a strategic partnership among key players, including the Saudi Ministry of Investment, the Research, Development, and Innovation Authority, Hong Kong Science and Technology Parks Corporation (HKSTP), and MDI Ventures by Telkom Indonesia. This collaboration will help advance technological solutions addressing market challenges and evolving needs.
The fund focuses on financing technology startups at all stages, promoting growth in sectors like fintech, digital health, artificial intelligence, and smart mobility.
