Riyadh, March 03, 2024, stc Group has announced the launch of its corporate venture capital arm, tali ventures, aimed at catalyzing innovative startups within stc Group's ecosystem. This move underscores the group's commitment to driving technological advancement and supporting a dynamic entrepreneurial environment across its operating markets.
tali ventures has already made significant investments in startups such as Nile (network equipment solutions), Rewaa (inventory management solutions), and NearPay (digital payments solutions). These initial investments demonstrate stc Group's dedication to embracing new technologies, fostering innovative ideas, and contributing to technological transformation.
With an ambitious vision, the launch of tali ventures signifies a pivotal moment in stc's journey to empower innovative minds. The group aims to be a leading force in nurturing entrepreneurial talent and driving groundbreaking initiatives. Collaborations with renowned global funds such as Sanabil and Prosperity7 highlight stc Group's commitment to investing in revolutionary startups, shaping the future of technology and unlocking unprecedented opportunities.
tali ventures focuses on key areas such as AI, fintech, proptech, ICT, Cloud, IoT, cybersecurity, and other digital trends. The venture aims to support groundbreaking startups that have the potential to revolutionize industries, providing comprehensive support from inception to growth. This holistic approach contributes to cultivating innovation and nurturing a thriving talent ecosystem.
The launch of tali ventures aligns with stc Group's ongoing efforts to foster innovation through strategic investments. Initiatives like the InspireU program, which incubates and supports over 100 startups, underscore the group's commitment to driving economic diversification and growth in line with stc's DARE strategy.
