TII was incorporated on 14 June 2014 in Delaware, United States of America (USA) with its main office based in Silicon Valley. TII has issued 100 common stock shares to Taqnia for USD 500,000. The purpose of TII is to provide management and support services to KACST’s R&D investments, other R&D organizations and to invest to a certain extent in startup technology companies which have potential to grow in USA. Further, TII is conducting Research and Development projects, to which funds are provided by King Abdulaziz City for Science and Technology (“KACST”).