Kuwait Life Sciences Company - Kuwait

Kuwait Life Sciences (KLSC) was founded in 2010 with a paid-up capital of 15 million Kuwait Dinars (KD), which is equivalent to about $53 million US Dollars. KLSC is fully owned by National Technology Enterprises Company (NTEC). NTEC was created in November of 2002 by the Kuwait Council of Ministers, and is fully owned by the Kuwait Investment Authority (KIA), the sovereign wealth fund of the State of Kuwait. With a capital of 100 million Kuwait Dinars (KD) (about $350 million US Dollars), NTEC aims to meet the technology needs of major stakeholders in Kuwait and the Middle East region. KLSC focuses on healthcare innovation and services that have a clear and unmet need in the Middle East and North Africa (MENA) region. KLSC is one of the first venture capitalist and private equity companies in the Middle East that invest globally and operate regionally, working to develop healthcare services and systems in the region.

KLSC's investment strategy follows the same approach as its parent  

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company, NTEC, with a focus on three key areas: incubation (start-up) projects – both local and regional, venture capital – international, and private equity – regional and international. For incubation projects, KLSC invests in the project's equity in partnership with private sector entrepreneurs or companies, with the goal of transferring technology into Kuwait and the MENA region. KLSC's venture capital investments are focused on companies