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Forum in Riyadh to bring together Saudi inventors 
Riyadh, 7th Apr 2001

  Minister of Education Dr. Muhammad Al-Rasheed and Minister of Industry and Electricity Dr. Hashim A. Yamani will jointly inaugurate on May 5 the first symposium of Saudi inventors who have already obtained patents. Dr. Hamad M. Al-Baadi, secretary-general of King Abdul Aziz and his Companions Foundation for the Gifted, said the aim of the symposium was to help those who have not yet obtained patents benefit from the experience of bona fide  inventors.

  “By bringing the two groups together we hope that the young Saudis aspiring to be inventors will learn how to register their patents and market their inventions,” Al-Baadi said. The second goal, he pointed out, was to acquaint the young inventors, both men and women, with the patenting procedures. The third objective was to inform the market about the talent available in Saudi society and how it could be harnessed for the good of the Kingdom.

  The secretary-general said Saudi inventors had obtained patents for their inventions mostly from the US and to some extent from Europe.

  Though the exact number of Saudi inventors is not known, an estimated one to two percent of the population is said to be gifted with inventive genius.

  Referring to the symposium, he said there would be five sessions, with the first session devoted to the procedures for registering an invention and obtaining the patent. Some 280 patents have already been registered with KACST. However, according to Al-Baadi, a majority of the claims to inventions turn out to be bogus when they are verified. “We do get lots of claims, for example, from people who are supposed to have discovered a cure for AIDS and mad cow disease, or from those claiming to have invented a desert cooler, but they are not original.”

  The second session will focus on prizes available in the Kingdom for aspiring inventors. These include the King Abdul Aziz Foundation Prize and the Faqih Center Prize. There are three major prizes annually together with others bringing the total to 50. Together, they are worth SR1 million.

  The third session will introduce a new venture capital company, whose aim is to invest in Saudi inventions. The new company will be floated by a group of renowned businessmen. Details will be announced at the symposium.

  The other sessions will provide a platform for Saudi inventors to talk about their experience for the benefit of young aspirants.

Source: ArabNews©

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09 April 2001 04:12:27 PM

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