Gulf Today, Aug 7, 2022 | Muharram 9, 1444
Summit to discuss the future of innovation in MENA region
A galaxy of business leaders, innovators and techies will take the centre-stage
at the 3rd Middle East Innovation and Technology Transfer (MITT) Summit, the
region’s biggest specialised event in technology transfer and innovation, to be
held at the SRTI Park, Sharjah, on October 13.
Leading experts from the region and across the globe will discuss how to best
shape the future of innovation while creating sustainable impact, in line with
the UN’s Sustainable Development Goals, covering topic like Water Technology,
Renewable Energy, Environmental Technology, Digitization, Industrial Design 4.0,
and Mobility and Smart Cities.
The participants in the one-day summit will include R&D institutions, technology
transfer experts, global investors, government and private sector
representatives, entrepreneurs and academics and other stakeholders, presenting
an immersive experience of knowledge sharing, business showcasing and networking
in an intimate setting.
The summit comes at a time when the world is witnessing the fourth industrial
revolution characterized by the penetration of emerging technology in a number
of fields, including robotics, artificial intelligence, nanotechnology,
biotechnology, the Internet of Things (IoT), 3D printing and autonomous
vehicles.
Hussain Al Mahmoudi, CEO of the Sharjah Research, Technology and Innovation
Park, said: “The MITT Summit 2022 assumes huge significance as the Middle East
has become the world’s fastest growing market in business and technology
transfer. As proven globally, the knowledge and technology transfer model has
been responsible for rapid advancements in every field. By bringing together
global experts and highlighting the role of academic institutions in R&D, the
MITT Summit serves as a perfect platform for ramping up technology transfer
trends in the region.”
The summit will discuss patterns of technology transfer in the Middle East and
North Africa region, existing opportunities as well as challenges, and tips on
how to achieve set goals and use knowledge sharing to boost the region’s
economic growth and long-term stability.
Technology transfer has been the main drivers of global economic growth over the
last 40 years. Companies are increasingly relying on open innovation to develop
intellectual property (IP) more quickly and economically, to stay ahead of
competition. Universities, research organisations and SMEs play a crucial role
in supplying intellectual property, and supporting research that will build the
innovations of tomorrow.
Many countries around the world have passed their own national legislations and
policies to spur innovation. The UAE issued its own National Innovation Strategy
in 2014, which seeks to make the country the region’s top innovation hub by
developing the right regulatory framework, infrastructure and ensuring
availability of investment.
The Sharjah Research, Technology and Innovation Park (SRTI Park) has recently
launched Sharjah Advanced Industry Accelerator 2.0 (SAIA) to boost the
diversification of the national industrial base and contribute to the
positioning of the UAE as an incubator of innovation and creativity In line with
Industry 4.0, the accelerator programme will provided local and regional
start-ups with innovative solutions and strong support system within the
thriving SRTI Park ecosystem.
SAIA 2.0 is also in line with the UAE’s industrial strategy ‘Operation 300bn’, a
10-year comprehensive policy aimed at empowering and expanding the industrial
sector to become the driving force of a sustainable national economy, increasing
its contribution to the GDP.
Hussain Al Mahmoudi, CEO of SRTI Park, said, “SAIA will focus on supporting
early and growth stage start-ups to scale up in the UAE and MENA region, thereby
further supporting UAE’s goal to attract world-class talent and innovation. SAIA
is also in line with UAE’s Unified Industrial Brand Identity, ‘Make It in the
Emirates’, an integrated industrial system that leverages advanced technologies
and Fourth Industrial Revolution solutions to contribute to building a
sustainable, knowledge-based economy.”
SAIA 2.0 will transform Sharjah into a test bed of advanced technologies in
research, manufacturing sector, including petrochemicals, plastics, metals,
food, agriculture, water, and healthcare, space, biotech, medi-tech,
pharmaceuticals, clean and renewable energy, including hydrogen production,
machinery and equipment, rubber and plastic and electronics and electrical
gadgets. It is also a part of the endeavors aimed to set up the pillars of the
UAE Strategy of Industrial Transaction and Transformation.
Al Mahmoudi noted, “SAIA 2.0 will result in limitless potential for growth and
establish local start-ups as an integral part of the UAE’s unique success story
and a key contributor to the country’s development journey. The accelerator
programme reflects the vision of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi,
Supreme Council Member and Ruler of Sharjah, to position the UAE as a global
industrial hub by focusing primarily on future industries that implement
advanced technology and the 4th Industrial Revolution solutions and technology.”