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.
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.
Mark Crowell, KAUST's VP of Innovation and Economic Development, highlights the university's culture of innovation and its role in driving economic development. KAUST's strategically connected programs, like the Research & Technology Park and Innovation Fund, connect research to the world. Key industry partners such as SABIC and Saudi Aramco leverage KAUST's resources. Why it matters: KAUST's focus on innovation and partnerships signals its commitment to diversifying Saudi Arabia's economy and becoming a global hub for technology and entrepreneurship.
KAUST has launched a new master’s degree program in Technology Innovation and Entrepreneurship (TIE), set to begin in August 2024. The 16-month program includes core courses, electives, summer internships, and product development, aligning with Saudi Vision 2030. The final six months will be spent at InnoX Academy in Shenzhen focusing on product and venture development. Why it matters: This program aims to cultivate a new generation of innovators and entrepreneurs to contribute to Saudi Arabia's economic diversification and technological advancement.
Dr. Ian Campbell, formerly Executive Chair of Innovate UK, has joined KAUST as Executive Director – Special Projects. He will work to leverage KAUST's science and innovation to impact opportunities across Saudi Arabia. Campbell's prior role involved supporting UK companies with £1.8 billion annually and securing £750 million for COVID-19 response. Why it matters: The appointment signals KAUST's continued focus on translating research into real-world impact and fostering collaborations to address Kingdom-wide challenges, leveraging expertise from a seasoned innovation leader.