Hashgraph Assoc Partners Saudi Government
The Hashgraph Association (THA) and the Ministry of Investment of Saudi Arabia (MISA) are partnering to launch a “DeepTech Venture Studio” in Riyadh.
The Swiss-based Hashgraph Association association will commit $50 million and find co-investors to increase the Studio’s budget to $250 million over five years.
The Studio will support over 500 companies over five years, starting with 100 in the first year.
The Ministry of Investment will facilitate licenses, compliance, and connections to government stakeholders.
Qualifying participants will receive venture capital investment of up to $250,000 for startups and $500,000 for enterprises.
(With inputs from Shikha Singh)
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