SACGC, US firm PNP sign MoU to support startups in Kuwait

Kuwait: The Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC) has signed a memorandum of understanding with Plug and Play (PNP), a leading US venture capital firm based in California, to collaborate on developing innovative solutions and services for startups in Kuwait. The MoU was signed on Tuesday during a visit to PNP’s headquarters in Silicon Valley by a delegation from SACGC, led by its General Manager Neda Al-Daihani.

The MoU outlines SACGC and PNP’s collaboration in various fields, including organizing Hackathons in Kuwait. It will also help direct capital into early-stage technology companies, particularly in areas such as digital transformation, education, and energy.

Daihani told KUNA that the agreement provides Kuwaiti entrepreneurs with access to international platforms and global networks. Praising PNP as a global leader in startup acceleration, Daihani noted that this partnership will help Kuwaiti innovators deepen their understanding of the US market and establish valuable connections with key business partners and potential customers.

Founded in 2006, PNP connects entrepreneurs with investors worldwide, having forged partnerships with over 550 corporations and helped accelerate the growth of nearly 2,500 startups. Established in 2010 as part of an initiative by the late Sheikh Sabah Al-Ahmad Al-Sabah, SACGC, which is affiliated with the Kuwait Foundation for the Advancement of Sciences (KFAS), is dedicated to nurturing talented and creative individuals in Kuwait through knowledge integration and support for gifted individuals.