Riyadh: stc group has announced the launch of colab, its innovation and corporate venture-building arm, at LEAP 2026. The launch strengthens the group's venture ecosystem and expands its ability to unlock new sources of growth through innovation.
According to Saudi Press Agency, colab provides a dedicated capability to systematically identify, build, and scale new digital ventures. Leveraging stc group's assets, including its market reach, digital infrastructure, and industry expertise, colab will explore emerging opportunities, experiment with new technologies and business models, and turn validated opportunities into scalable businesses.
The launch adds a new dimension to stc group's venture ecosystem, bringing together startup acceleration through InspireU, strategic venture investment through tali ventures, and corporate venture building through colab.
stc group Chief Investment Officer (GCIO) Motaz Alangari said, "Over the years, we have built a strong foundation across the venture spectrum, from venture investments, acceleration, and now venture building. This integrated model enables us not only to invest in innovation, but to systematically create and scale new businesses. stc's launch of colab reflects the group's commitment to shaping the next phase of the Kingdom's ambition, building sustainable growth engines and partnering with founders and strategic players to widen the region's innovation pipeline."
stc group's venture ecosystem continues to deliver measurable impact. InspireU has accelerated more than 150 startups, connecting entrepreneurs with capabilities and market access to support their growth. Tali ventures complements this by investing in high-growth technology companies and leveraging stc group's ecosystem to create strategic value beyond capital.
stc group has also demonstrated the potential of venture building through STC Bank. What began as stc pay, a digital wallet launched to address an emerging market opportunity, grew into a fintech unicorn before evolving into a fully licensed digital bank. Today, STC Bank serves more than eight million customers and generated revenues exceeding SAR1 billion in 2025, demonstrating stc group's ability to leverage its assets and scale promising concepts into significant digital businesses.