Photo shows Dr. Abdulrahman Bin Obaid Al-Youbi, president of the King Abdulaziz Univerisity, left, signing the first investment agreement on Tuesday in Jeddah of the Jeddah Valley Fund to support innovative start-ups (WJ Ventures) with the founder of the company WarshaPlus’s Abdulrahman Bin Hassan Shaabar, a technical company specialized in the automotive sector to facilitate the buying and selling spare parts by using simple automated techniques to connect different systems. WJ Ventures invests in the initial stages of innovative start-ups after obtaining the primary effective product. The fund plans to invest in 20-30 emerging companies over the next four years. — SG