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