Venture Building Expert

Saudi Aramco (ASC)

We are seeking a Venture Building Expert to join our Technology Commercialization Division (TCD).

TCD's mission is to maximize value realization from Aramco technologies through internal and external Intellectual Property (IP) commercialization, to address the company's business and sustainability priorities.

You will work alongside technical teams to define and validate propositions to create new startups that deliver long-term value to Aramco and the Kingdom of Saudi Arabia. This key position is integral to a team of world-class leaders, technology visionaries and innovators, and take a lead in turning Aramco intellectual assets and technologies into new startup companies. We are looking for an exceptional talent who possesses an entrepreneurial drive and deep passion for the startup ecosystem.

Key Responsibilities

As the successful candidate you will be required to perform the following:

• Lead the end-to-end process of launching new startups, from ideation to market entry, ensuring alignment with the corporate strategy.
• Identify new opportunities to create startups by carrying out in depth analysis of Aramco's IP and technology portfolio.
• Lead commercial viability assessments, including the development of business plans and financial models.
• Assess and validate the product-market fit, develop and test hypotheses, quantify the business value, and create innovative business models.
• Manage cross-functional teams, including: scientists, engineers, investors and industry experts to drive the creation of new startups.
• Perform due diligence to minimize business and transaction risks, and facilitate the execution of commercial agreements.
• Develop pitch decks, lead engagements with partners, and provide mentorship in venture development and entrepreneurship to Research & Development organizations.
• Monitor and analyze the performance of the startups to make data-driven decisions to support expansion and growth.