Venture Building Expert (Relocation to Saudi Arabia required)

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 basis.