KAUST is expanding its REVelate corporate innovation workshop into a larger "Innovation Academy" program. The program targets Saudi-based companies, nonprofits, and government organizations. It aims to develop novel processes, design thinking, and intrapreneurship to benefit their missions and support the Kingdom's knowledge economy. Why it matters: The expansion signals KAUST's growing role in fostering innovation and entrepreneurship within Saudi Arabia's corporate and public sectors.
KAUST has launched REVelate, a corporate innovation program aimed at mid and senior management of Saudi-based companies. The four-month program includes lectures, workshops, and mentoring to develop projects important to the participating companies. It is designed to foster an 'intrapreneurship' culture and enhance the innovation capacity of KAUST industry partners. Why it matters: This initiative addresses a critical need for corporate innovation methodologies in Saudi Arabia, potentially boosting the performance and competitiveness of local companies.
KAUST has launched the KAUST SME Innovation Services program to foster the growth of small and medium-sized enterprises (SMEs) in Saudi Arabia. The program aims to provide SMEs with access to KAUST's innovation ecosystem, helping them increase their customer base and reach new markets. This initiative follows a comprehensive survey of 500 SMEs conducted in partnership with various organizations, including Monsha'at and the Jeddah Chamber of Commerce. Why it matters: This program supports Saudi Vision 2030's goal of increasing SME GDP contributions and strengthens the Kingdom's economic landscape by leveraging university resources.
KAUST celebrated the first graduating class from its New Ventures Accelerator startup program on February 18. Seven teams completed the six-month mentor-led program, presenting ideas ranging from bioinformatics to customer relationship management. Material Solved, a KAUST IP-based startup using visualization software for materials science, won the best pitch award. Why it matters: The program fosters entrepreneurship in Saudi Arabia, creating job opportunities and contributing to the Kingdom's economy.
KAUST has launched Hikma, a new accelerator program to develop intellectual property-based startups, involving 16 teams from KAUST and regional universities. The 6-month program is run by the KAUST Entrepreneurship Center with assistance from the KAUST Technology Transfer Office. Hikma aims to provide a structured development process for startups focused on intellectual property and assist in creating homegrown businesses from university technologies. Why it matters: This initiative signals KAUST's commitment to supporting economic development in Saudi Arabia by fostering knowledge-based startups and maximizing the impact of university research.