Saudi science city accelerator produces 20 tech innovations

Twenty inventions from various industrial fields, including biotechnology, water technology and electronic technologies, were qualified to enter the accelerator. (SPA)
Updated 06 September 2019
Follow

Saudi science city accelerator produces 20 tech innovations

  • The accelerator had an outstanding achievement rate through signing investment and marketing contracts for five inventions

RIYADH: King Abdulaziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, has organized a graduation ceremony in Riyadh to celebrate 20 technological innovations produced by the second inventions transfer accelerator for 2019. The accelerator aims to activate patents across a variety of services aimed at speed up the implementation, development and marketing of inventions to within a maximum of six months.
The graduation ceremony was attended by Dr. Fawzan Al-Fawzan, deputy general supervisor for innovation and manufacturing at KACST, Esam Al-Thukair, vice governor of entrepreneurship advancement at the General Authority for Small and Medium Enterprises (Monshaat) and Mohammed Al-Huzaimi, director of shared services at Badir.
The ceremony featured a documentary about the second accelerator and its intensive six month training and orientation program, in addition to presentations for the graduating startups.
An exhibition accompanied the ceremony for the entrepreneurs to present their innovations, projects and plans to investors and attendees.
During the ceremony, several financing, investment and business development agreements were signed between graduating projects, the Badir Program and Monshaat.
The number of applicants to the second accelerator, supervised by KACST’s Intellectual Property Development and Investment Bureau, reached 46, 26 of which were qualified to enter the training bootcamp.
Twenty inventions from various industrial fields, including biotechnology, water technology and electronic technologies, were qualified to enter the accelerator.
In his speech during the ceremony, Al-Huzaimi said the program was proud of the promising inventions submitted by participants in the second inventions transfer accelerator, and of the winning projects.

The program was proud of the promising inventions submitted by participants in the second inventions transfer accelerator, and of the winning projects.

Mohammed Al-Huzaimi, Director of shared services at Badir

Al-Huzaimi pointed out that the second accelerator was launched in early December 2018, continued for 180 days, and comprised three phases, the first of which was the prototyping and testing phase, while the second included building the final products. The third was the marketing and investment phase.
He highlighted that the accelerator had an outstanding achievement rate through signing investment and marketing contracts for five inventions, introducing them to the local market, and having them reach the promotion and market study stage.
Al-Huzaimi said: “Since we believe in the importance of inventions and innovations and their role in placing the Kingdom at the forefront in line with Vision 2030, KACST, represented by Badir, will continue to promote innovation and support youth entrepreneurship by continuing to launch such accelerators in the future or embracing and accelerating new projects graduating from this accelerator.”
He added that inventions transfer accelerators play a significant role in quickening the pace of work to transform technology into patents and build businesses, providing promising opportunities for capital to invest and create new markets, which, in turn, strengthens the Kingdom’s economic role and raises its benchmark in the Global Innovation Index.


Saudi, Japanese firms to release new game in MENA

Updated 4 sec ago
Follow

Saudi, Japanese firms to release new game in MENA

  • The action game will immerse players in legendary battles and strategic combat

Riyadh: Manga Productions, a subsidiary of the Misk Foundation, has signed a publishing and distribution agreement with Koei Tecmo to release Dynasty Warriors: Origins in the Middle East and North Africa, scheduled for Jan. 17, 2025.

The game will be available on PlayStation 5, Xbox Series X|S, and PC, according to a press release.

Manga Productions will collaborate with Koei Tecmo to localize the game for MENA audiences, involving Saudi talents in the process, in addition to handling its publishing and marketing.

The action game will immerse players in legendary battles and strategic combat, set in the iconic Three Kingdoms world of ancient China, appealing to both new and returning fans of the series.

Manga Productions CEO Essam Bukhary said: “Saudi Arabia and the MENA region are among the fastest-growing game markets globally. Manga Productions has successfully produced, distributed, and licensed content in recent years. We’re excited to partner with Koei Tecmo to publish this AAA game and invest in Saudi talent to further develop the gaming and creative industries in the region.”

Koei Tecmo President and Chief Operating Officer Hisashi Koinuma said that this partnership with Manga Productions goes beyond publishing to deliver a fully localized version tailored for regional gaming enthusiasts.

Abdulaziz Alnaghmoosh, business development and content licensing director at Manga Productions, said that video games are a core part of the company’s business. This collaboration offers a unique opportunity to expand into the MENA region, benefiting both parties, he added.


Matcha lovers, anime fans flock to Japan Festival in Riyadh

Updated 25 November 2024
Follow

Matcha lovers, anime fans flock to Japan Festival in Riyadh

  • Festival celebrates Japanese technology and products
  • Major car brands demonstrate new models

RIYADH: Thousands of people flocked to the Japan Festival held recently in Riyadh, which attracted businesspeople, matcha tea lovers, anime fans, and car enthusiasts alike.

Organized jointly by the Embassy of Japan, the Japan External Trade Organization, and the Japanese Society in Riyadh, the festival was held at the Saudi capital’s Cultural Palace and hosted around 8,000 visitors over two days.

A JETRO spokesperson told Arab News that more than a few Japanese have been keeping a close eye on Saudi Arabia’s future potential.

“For Japan, Saudi Arabia has been one of the most important trade partners due to two reasons. One is that Saudi Arabia has been the biggest exporter of crude oil to Japan and the other (is that) Saudi Arabia highly evaluates Japanese technologies, in particular transportation equipment,” the spokesperson said.

On Japan-Saudi exports, the JETRO spokesperson noted that Japanese exports to Saudi Arabia totaled $6.36 billion in 2023, up 25.2 percent from the previous year.

Of that total, transportation equipment accounted for 70.2 percent of total exports. Automobiles grew 31.3 percent to $4.25 billion, with passenger cars and buses/trucks growing 32.8 percent and 24.2 percent respectively.

Imports declined $34.78 billion, down 19.2 percent from the previous year. Crude oil and crude oil imports, which account for 95.7 percent of total imports, declined 17.9 percent to $33.3 billion due to lower crude oil prices and production cuts. In 2023, oil imports from Saudi Arabia accounted for 40.4 percent of Japan’s total.

Major car brands like Mitsubishi and Toyota were on display at the event, as well as several technology, beauty, art and recreational brands.

Trading house Itochu, and Kumon, the children’s educational network, were some of the big name brands participating in the event.

Stage performances showcased a number of Japanese cultural offerings including a drum performance by the students of the Japanese School in Riyadh, a martial arts demonstration, a tea ceremony, umbrella juggling, live painting, and performances of popular traditional and anime songs.

Guests were able to learn about Japanese tourism, play with traditional toys, learn origami, and try on a Japanese kimono or yukata.

Visitors were also educated on Japanese tourism, and enjoyed traditional Japanese toys, calligraphy and craft workshops.

In the booth area, Japanese industrial products with cutting-edge technology and Japanese cars from major brands were displayed.


Camel organization welcomes Saudi HQ approval

Updated 25 November 2024
Follow

Camel organization welcomes Saudi HQ approval

RIYADH: The International Camel Organization welcomed the Saudi Cabinet’s decision to approve a headquarters agreement between the Kingdom’s government and the organization.

The decision reflects Saudi Arabia’s ongoing support for the camel sector and its efforts to elevate its role internationally, the Saudi Press Agency reported.

Fahd bin Falah bin Hathleen, chairman of the camel organization, expressed his gratitude for the Cabinet’s decision.

He said: “The organization has worked over the years to develop strategies and policies to promote the global camel economy. These efforts aim to advance rural and desert communities, preserve heritage and culture, foster scientific research, and encourage camel-related sports that attract global interest.

“Additionally, we have organized international events, expanded partnerships with global organizations, and prioritized camel welfare, health, and regulations governing their movement.”

Bin Hathleen said that the Saudi Cabinet’s decision underscores the government’s commitment, under King Salman’s leadership, to strengthening the organization’s role and enhancing international cooperation in the camel sector.

He noted that the decision aligns with Saudi Vision 2030, which aims to foster sustainable development, support key sectors, and boost international collaboration to benefit camel breeders and owners locally, regionally, and globally.

This achievement also supports the Year of the Camel and the International Year of the Camelids 2024 initiatives, which are designed to highlight the untapped potential of the animals, SPA reported.

These initiatives advocate for increased investment, further research, capacity-building, and the adoption of innovative practices and technologies in the camel sector.


3rd Global Conference for Giftedness and Creativity underway in Riyadh

Updated 25 November 2024
Follow

3rd Global Conference for Giftedness and Creativity underway in Riyadh

  • More than 300 talented individuals and local and international speakers from over 50 countries were attending the three-day conference

RIYADH: The third edition of the Global Conference for Giftedness and Creativity opened in Riyadh on Sunday, bringing together a select group of experts and talented individuals in science, technology, and innovation.

More than 300 talented individuals and local and international speakers from over 50 countries were attending the three-day conference, which was inaugurated by Prince Faisal bin Bandar bin Abdulaziz, governor of Riyadh region, the Saudi Press Agency reported.

Organized by the King Abdulaziz and His Companions Foundation for Giftedness and Creativity, also known as "Mawhiba," the conference is being held at the King Abdullah Petroleum Studies and Research Center (KAPSARC) until Tuesday.

Themed "Beyond Creative Minds," the conference aims to showcase the potential of the gifted, develop a comprehensive care system to support them, bolster integration and strategic partnerships, and enhance opportunities for global exchange and cooperation.

An exhibition and various cultural visits are being held on the conference sidelines, the SPA report said.

According to the Mawhiba site, the conference reflects the success achieved in the two previous editions, and "provides an opportunity for partners to contribute to sponsoring the journey of talented people from different countries of the world."

 

 


Saudi-European talks to strengthen cooperation in environmental fields

Updated 25 November 2024
Follow

Saudi-European talks to strengthen cooperation in environmental fields

  • Saudi minister, EU security and political officials discuss reinforcing existing work on coping with climate change

RIYADH: Saudi Minister of State for Foreign Affairs Adel Al-Jubeir met with European officials on Sunday in Riyadh, Saudi Press Agency reported.

Al-Jubeir, who is also the Saudi climate envoy, held talks with Delphine Pronk, chair of the EU Political and Security Committee, and Luigi Di Maio, EU special representative for the Gulf region.

They discussed issues surrounding climate change and environmental cooperation between Saudi Arabia and the EU, as well as ways in which existing cooperation on tackling climate change could be strengthened. They also talked about the recent development in foreign policy in Europe and the Middle East.

Saudi Arabia maintains a strong dialogue with the EU, with both parties sharing views on several foreign policy issues, including the Saudi-led Arab Peace Initiative for the Middle East.

The EU and Saudi Arabia are also linked through trade relations, with the EU becoming the Kingdom’s second main trading partner after the volume of trade exchange between Riyadh and Brussels peaked at $80 billion in 2023.