H.E. Khalil bin Ibrahim bin Salma, Deputy Minister of Industry and Mineral Resources for Industry Affairs, launched the “Innovation Factory Grants” initiative to enable research and innovation in the industrial sector, and support the development of new and innovative industrial products, thus enhancing the competitiveness of Saudi industry globally.
The initiative was launched during the inauguration ceremony of the Advanced Manufacturing and Production Center (AMPC) in Riyadh yesterday
The initiative was launched at the inauguration ceremony of the Advanced Manufacturing and Production Center held in Riyadh yesterday, in the presence of His Excellency the CEO of King Abdulaziz City for Science and Technology Dr. Munir Al-Desouki, the General Supervisor of the Research, Development and Innovation Development Authority Dr. Mohammed Al-Otaibi, the CEO of the Saudi Industrial Cities and Technology Zones Authority Engineer Majid Al-Arqoubi, and the CEO of the National Industry Development and Logistics Program Engineer Sulaiman Al-Mazrouei.
The ceremony witnessed the signing of an agreement between the Ministry of Industry and Mineral Resources and the Research, Innovation and Development Authority to activate the “Innovation Factory Grants” initiative to enable research and innovation in the industrial sector.
The initiative focuses on enabling research and innovation in the industrial sector. <The initiative focuses on empowering several categories, including national factories, inventors and entrepreneurs, joint research projects between national factories and RDI centers, and research projects in RDI centers with industrial applications, and provides financial grants of up to 2 million riyals to support research, development and innovation projects in the industrial sector.
The initiative contributes to empowering research and innovation in the industrial sector. The initiative, which is one of the initiatives to stimulate local industry, contributes to raising the competitiveness of the national industry by encouraging the research and innovation sector in industrial enterprises, supporting pioneering industrial projects, and benefiting from the innovations of national research centers to develop quality industrial products in promising sectors within the national strategy for industry.
The initiative aims to increase the number of research, development and innovation projects and research projects in RDI centers with industrial applications. It aims to increase the number of factories practicing research and innovation activities, provide attractive job opportunities in industry for national research competencies, build effective partnerships between the industrial sector and the research, development and innovation sector, raise the quality of industrial innovative outputs, enhance the research and innovation capabilities of the industrial sector, and support the development of new innovative products in industry.
Research and innovation in industrial enterprises, support pioneering industrial projects, and utilize the innovations of national research centers in developing quality industrial products in promising sectors within the national industrial strategy. <The Ministry of Industry and Mineral Resources invites people to learn about the initiative and apply through the initiative's page on its official website: https://mim.gov.sa/ar/issi/32142.
