Venture Building Expert (Relocation to Saudi Arabia required) at aramco

LOCATION: Dhahran, Saudi Arabia

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities 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 societ

y.
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 supp

ly.We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalizati

on.
Over

viewWe are seeking an expat Venture Building Expert to join our Technology Commercialization Division (T

CD).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 priorit

ies.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 ecosys

tem.
Key Responsibil

itiesAs the successful candidate you will be required to perform the follo

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

owth.
Minimum Requir

• ementsYou will hold a Bachelor’s degree in a Science or Engineering discipline; an advanced degree (MBA) is prefe
• rable.You should have at least 10 years of experience in technology startups, having a primary role in technology creation and delivery of startups, spin outs, or intra-or entrepreneurial posi
• tions.Be well-versed in startup methodologies, startup development process, and financing op
• tions.Have a proven track record in discovering, validating and scaling new startups in a deep tech enviro
• nment.Experienced in business development and commercial partnership manag
• ement.Product development experience, from concept to delivery of new products and ser
• vices.Development of value propositions, including business and financial m
• odels.Agreement negotiation experience, preferably involving technology licenses, joint ventures, or joint technology development agree
• ments.Experience of supporting the development and growth of early-stage technology comp
• anies.Experience of working in incubators, accelerators, venture builders or corporate startup studios is prefe
• rable.Experience of providing coaching and mentorship to key personal who manage the startups (e.g. CEO,
• etc.).Must be willing to relocate to Saudi Arabia on a full-time, permanent