Uwaidh Al-Harethi, executive VP at SABIC, spoke at KAUST's 2019 Winter Enrichment Program about the importance of innovation, noting that leading tech companies invest heavily to penetrate markets. He highlighted Samsung's patent filings and Amazon's innovation spending. Al-Harethi stated that SABIC makes three dollars for every one dollar spent on innovation, emphasizing its role in the chemical industry's success. Why it matters: The talk underscores the increasing focus on innovation and technology leadership within Saudi Arabia's key industries, particularly in leveraging AI for future technologies.
Sheikh Mohamed bin Zayed Al Nahyan attended a Ramadan lecture on solving global challenges through innovation, presented by Edward Jung. The lecture featured pre-recorded contributions from MBZUAI Chairman H.E. Dr. Sultan bin Ahmed Al Jaber, Dubai Future Foundation CEO Khalfan Belhoul, and MBZUAI President Professor Eric Xing, who discussed the UAE's investments in technology and innovation. Jung emphasized the need for a new model of innovation to address global challenges such as climate change and efficient cities. Why it matters: The lecture highlights the UAE's focus on utilizing technology and innovation to address critical global issues, with MBZUAI playing a central role in advancing these efforts.
KAUST is highlighted as a key facilitator for research commercialization and innovation in Saudi Arabia, preparing graduates for careers and entrepreneurial ventures. At the Future Talent Conference: Fireside Talks, experts discussed KAUST's role in driving the Kingdom’s research, development, and innovation (RDI) commitments through talent development in line with Vision 2030. Speakers noted the importance of investing in talent and creating a business model that rewards the innovation ecosystem to ensure sustainable commercialization. Why it matters: KAUST's focus on nurturing talent and fostering research commercialization plays a critical role in diversifying Saudi Arabia's economy and advancing its Vision 2030 goals in technology and innovation.
KAUST hosted the JUNCTIONxKAUST hackathon, bringing together developers and entrepreneurs to design technologies for food, water, and energy solutions to be implemented in NEOM. The winning team, eFarmers, will attend the global Junction hackathon in Helsinki. Participants addressed challenges related to producing food in the desert, creating fresh water at sea, and harnessing renewable energy. Why it matters: The event highlights Saudi Arabia's focus on fostering local talent and innovation to address critical challenges in sustainable development and technology within the context of NEOM.
KAUST is working to extend its research excellence to innovation and impact, aligning with Saudi Arabia's Vision 2030 to grow SME contributions. A KAUST Innovation Committee, led by Andrew Liveris, is collaborating with entities like TAQNIA and Monshaat to convert policy into tangible actions. The goal is to accelerate startups and deep technology development within the Kingdom, with KAUST startups playing a leading role. Why it matters: The initiative signifies a concerted effort to diversify the Saudi economy and foster a thriving startup ecosystem, leveraging KAUST's research capabilities.