Red Sea Farms, a KAUST agricultural technology spinout, and Kirchner Group have announced an agricultural enterprise development collaboration with the purpose of enabling local production of fresh fruits and vegetables in fresh-water-constrained regions of the world. The partnership will leverage Kirchner Group’s decades of business creation and operational experience with numerous novel saltwater agricultural technologies.
Kirchner Group will assist the company with strategic partnerships, development of growth channels, attraction of talent and preparation for future fundraising activities. Kirchner met the Red Sea Farms team as their mentor during the 2019 Entrepreneurial World Cup where the company ﬁnished third out of over 100,000 companies.
Capitalizing on six years of research at King Abdullah University of Science and Technology (KAUST), Red Sea Farms has developed saltwater-tolerant crops and saltwater-based greenhouses. The company received $1.9M of early stage investment from the KAUST Innovation Fund, the university’s strategic venture capital arm, and Research Products Development Company (RPDC) in 2019.
Learn more about Red Sea Farms