Neom appoints official to lead efforts to become a global hub of biotechnology

 

Sascha Berger joins Neom as Biotech Investment Director

Sascha Berger has been appointed as Director of Biotech Investments for Neom, the Saudi state-run company overseeing the development of a futuristic city in the country’s northwest. In his new role, Berger will lead the biotech investment efforts, contributing to Saudi Arabia's broader ambition to become a global hub for biotechnology.

Berger comes from TVM Capital Life Science, a German venture capital firm, where he spent eight years, starting as an investment principal in 2016 and advancing to general partner in 2021. During his tenure, he led investments in the biotech and medtech sectors.

 

Read More       Sascha Berger to join as NEOM's Investment Director for Biotech

 

Neom launched its Neom Investment Fund in October 2023, which has since made five significant investments, including a $100 million investment in Pony.ai, a U.S. company specializing in autonomous vehicles.

In January 2024, the Saudi government unveiled its national biotechnology strategy, which Neom will play a key role in executing. This strategy aims to position Saudi Arabia as a biotech leader in the MENA region by 2030, focusing on sectors such as vaccines, bio-manufacturing, genomics, and plant optimization.

Source: https://globalventuring.com/