Red Sea Farms
Background Company was built on on six years of research at King Abdullah University of Science and Technology (KAUST). Developed saltwater-tolerant crops and saltwater-based greenhouses. The company was in its development phase but was not prepared to scale. Activities Coached the company in the Entrepreneurship World Cup. Negotiated and secured funding for a demonstration-scale greenhouse….
Background
- Company was built on on six years of research at King Abdullah University of Science and Technology (KAUST).
- Developed saltwater-tolerant crops and saltwater-based greenhouses.
- The company was in its development phase but was not prepared to scale.
Activities
- Coached the company in the Entrepreneurship World Cup.
- Negotiated and secured funding for a demonstration-scale greenhouse.
- Re-evaluated IP process and portfolio.
- Evaluated strategic partnerships.
- Developed growth channels.
- Attracted both executive and working-level talent.
- Prepared it for future fundraising activities in both traditional and impact investment arenas.
Results
- Out of 100,000+ companies, won third place in Entrepreneurship World Cup.
- Business terms negotiated for funding a demonstration facility.
- Assistance in negotiating terms for an initial commercial greenhouse.
- World-class IP and trade secrets program through a trusted partner.
- Developed triage methodology for incoming business opportunities based on strategic importance and cash contributions and needs.
- Completely updated multivariate business plan with associated funding plans.