Title: Technology Venture Building Expert
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking a Technology 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.
Your primary role is to 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 important role is part of a team of world-class leaders, technology visionaries and innovators, who take a lead role 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 which promote expansion and growth.
Minimum Requirements
- As the successful candidate you will hold a Bachelor’s degree in a Science or Engineering discipline. An advanced degree is preferred.
- You will have a minimum of 10 years’ experience in technology startups, having a primary role in technology creation and delivery of startups, spin outs, or intra-or entrepreneurial positions.
- You must be well-versed in startup methodologies, startup development process, and financing options.
- Proven track record in discovering, validating and scaling new startups in a deep tech environment.
- You should also be experienced in business development and commercial partnership management.
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.