Fred Farina, Chief Innovation Officer at Caltech, spoke at KAUST about commercializing academic research. He emphasized licensing research to corporations and creating startups, highlighting the importance of academic-industry partnerships for transitioning to a knowledge economy in the region. Farina noted that successful technology transfer requires a long-term commitment and a robust ecosystem of venture capital and companies. Why it matters: This highlights the increasing focus on diversifying GCC economies beyond oil through strategic investments in research and technology transfer, with universities playing a central role.
Abu Dhabi's Advanced Technology Research Council (ATRC) launched VentureOne, a commercialization arm to bring research solutions to market. ATRC also launched three new specialized research centers in Propulsion, Alternative Energy, and Biotechnology. This brings the total number of deep-tech research entities within ATRC to 10. Why it matters: This expansion signals a major investment in Abu Dhabi's advanced technology ecosystem, aiming to translate research into commercial products and attract global expertise.
KAUST Discovery highlighted Prof. Karl Leo's insights on translating science into business from an Entrepreneurship Center speaker series. Prof. Leo, with 440 publications and 8 co-founded companies, emphasized the importance of curiosity-driven basic research. He envisions organic semiconductors dominating electronics in 20-30 years, noting the success of Novaled, his OLED company in Dresden. Why it matters: This underscores KAUST's focus on fostering entrepreneurship and translating research into practical applications within the Kingdom.
RDI and KAUST have launched a Technology Transfer Program to accelerate commercialization activities in Saudi universities. The Technology Transfer Internship Program aims to upskill leaders from research institutions across Saudi Arabia in technology commercialization. KAUST was selected by RDI due to its innovation ecosystem, including 1,448 patent families and 287 technology licenses. Why it matters: This partnership will help to translate Saudi research into commercial products, strengthening the country’s capacity for innovation and aligning with national goals for a knowledge-based economy.
KAUST and the International Venture Club are seeking tech companies in the Middle East and Europe for investment and expansion opportunities in Saudi Arabia. The Arabian Tech Tour, held in Jeddah and Riyadh in November 2015, will showcase 25 emerging companies from the region and 25 growth companies from Europe. Selected companies will present to VCs, corporations, and business angels. Why it matters: This initiative aligns with Saudi Arabia's National Science, Technology and Innovation Plan to create a knowledge-based economy and foster innovation, particularly in cleantech.
KAUST and Saudi Aramco have partnered to establish the Saudi Arabia Advanced Research Alliance (SAARA) and Technovia, a company focused on commercializing R&D in Saudi Arabia. SAARA includes KACST, KFUPM, TAQNIA, and RTI International, aiming to translate technology into commercially viable products. Technovia, located in Dhahran Techno Valley, will prepare technologies for market entry and secure external investment. Why it matters: This initiative aims to accelerate technology development and economic diversification in Saudi Arabia by bridging the gap between research and commercial applications, potentially fostering innovation across various industrial sectors.
Dr. Eric Fossum, professor at Dartmouth and inventor of CMOS active pixel image sensors, spoke at KAUST's 2017 Enrichment in the Spring Program. The lecture focused on how to be a successful scientist-entrepreneur. He received a gift from the KAUST Enrichment Programs team. Why it matters: This highlights KAUST's efforts to engage with leading international experts to foster innovation and entrepreneurship among its researchers and students.
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.