Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Young inventors desperate for funding  Join our daily free Newsletter

MENAFN - Arab News - 17/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Several young saudi inventors here say they are tired of 'flattery" and participation at local and international exhibitions and have urged investors in the kingdom to fund their creations.

they say they no longer want to receive medals and certificates. they would rather have public and private businesses provide the finance to ensure their inventions are turned into reality for the country's benefit.

abdulmalik bin khalid al-mubard a student inventor said: 'the private sector should back these innovations and build specialized factories to support them if they are worthy of it. investors should use their money in the service of the kingdom and its citizens."

al-mubard's invention is a 4-meter-wide and 2-meter-high flying ambulance that has the ability to maneuver through tight spaces. he said it could be used by government agencies including the civil defense special forces police and traffic police.

some universities and technical colleges have given inventors funding to produce their creations he said.

abdullah al-jaber another innovator urged local firms to help young saudi inventors. 'many investors around the world support the inventions of their youth while saudi investors are only content with applauding praising and flattery."

al-jaber has created a mobile electric laboratory in a single box which he says can be moved from one plant to another easily and can save businesses time and money.

'major companies such as saudi aramco saudi basic industries corp. and firms in jubail and yanbu can benefit from this innovation."

abdulrahman al-zahrani a student at dammam technology college has produced a device that accurately detects water leaks in large and small pipes using acoustic signals.

'my innovation will help us save water. it can be used by the national water company ministry of agriculture industrial facilities and residential buildings and compounds."

al-zahrani said he was frustrated because of the possibility that his device would never go beyond the walls of the colege or some international exhibitions.



'it is disappointing that businessmen are reluctant to fund and develop national innovations. they don't have confidence in locally produced products."

muhammad al-ali from the same college said he and several students have developed a set of sensors that can reduce congestion in cities.

'the innovation is currently being applied in the streets of saudi aramco and the royal commission of jubail and yanbu."

'we have developed the device manually and hope it will be used in all the kingdom's cities and provinces" al-ali said.

yusuf amin a member of the robot club at the college said he has worked with students from the welding department to run traffic lights using solar power.

he said this would reduce consumption of electricity and other costs because all the products can be sourced locally.

he said many inventors have developed innovative products but businesspeople are not interested in providing funding even when these inventions have won local and international awards and were backed by testimonials from many officials.

abdullah al-duhaish the supervisor of the college's counseling and guidance office said many educational institutions support students by displaying their products locally and abroad but have limited funding and other capacity.

'investors show interest and admire these projects but their admiration is not enough."

'we wish that someone could support these talented young people so that they can bring their innovations to life at specialized industrial factories. i call on investors and businessmen in the kingdom to contribute and adopt all the innovations that serve the country and citizens."

businesspeople should develop projects and patent them with king abdulaziz city for science and technology he said.

'despite the excellent products of many college students no local investor has backed them. three of the college's students recently participated in an international scientific exhibition and won a bronze medal" he said.


 


Arab News




  MENA News Headlines
 May 5 2016 - Four wounded after rockets hit Turkey's KilisThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >Four people including a police officer were wounded after rockets fired from Islamic State of Iraq and the Levant (ISIL)-controlled territory hit the ...

 May 5 2016 - Turkey- Delegation from Turkish opposition party detained in IsraelThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >A delegation from Turkey’s far-right Great Unity Party (BBP) was detained at Israel’s Tel Aviv airport early on May 5 the party and CNN Türk ...

 May 5 2016 - ISIL must be pushed back in northern Syria: Turkish ministerThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Islamic State of Iraq and the Levant (ISIL) must immediately be pushed back from the Turkish border said Turkish Foreign Minister Mevlüt ...

 May 5 2016 - Jordan- Deputizing for King Royal Court chief receives US delegationJordan News Agency
(MENAFN - Jordan News Agency) Amman May 5 (Petra)--Deputizing for His Majesty King Abdullah II Royal Court Chief Fayez Tarawneh on Thursday received a delegation of US congressional aides currently ...

 May 5 2016 - Jordan- Deputizing for King Prince Faisal attends Israa wal Miraj celebrationJordan News Agency
(MENAFN - Jordan News Agency) Amman May 5 (Petra)--Deputizing for His Majesty King Abdullah II His Royal Highness Prince Faisal Bin Al Hussein on Thursday attended a grant religious ceremony held by ...

 May 5 2016 - Jordan, Palestine sign cultural cooperation programJordan News Agency
(MENAFN - Jordan News Agency) Ramallah April 5 (Petra)--Palestinian Prime Minister Rami Al Hamdallah on Thursday discussed with Culture Minister Lana Mamkigh means to boost cooperation and ...

 May 5 2016 - Jordan- PM meets investors in energy sectorJordan News Agency
(MENAFN - Jordan News Agency) Amman May 5 (Petra)--Prime Minister Abdullah Ensour on Thursday received businessman Tariq Al Abdullah and a delegation representing a group of international companies ...

 May 5 2016 - Qatar- Filipinos to celebrate Independence DayThe Peninsula
(MENAFN - The Peninsula) Philippine Ambassador Wilfredo C Santos (fourth left) cutting a cake along with UFOQ Chairman Edgar Anami (third left) Miss Tourism International Philippines 2015 Janela Joy ...

 May 5 2016 - Qatar- A hot day with maximum temperature around 38 degree celsiusThe Peninsula
(MENAFN - The Peninsula) Doha: The weather forecast for Qatar valid until 6pm Thursday inshore will be hot during with slight dust offshore will be hazy to misty with some clouds. Wind speed ...

 May 5 2016 - 2016 a bright year for Egypt's gymnastsDaily News Egypt
(MENAFN - Daily News Egypt) Egyptian female gymnasts have recently been making leaps and bounds in the competitive arena.This year, Sherine El-Zeiny won gold at the African Gymnastics Championships ...

 May 5 2016 - Egyptian clubs GSC, HSC take silver and bronze at Arab Water Polo Clubs ChampionshipDaily News Egypt
(MENAFN - Daily News Egypt) Saudi Arabian water polo club, Al-Qadisiyah, won the 13th edition of the Arab Water Polo Clubs Championship which was held at the Heliopolis Sporting Club (HSC) in ...

 May 5 2016 - Egyptian champions dominate squash tournamentsDaily News Egypt
(MENAFN - Daily News Egypt) Egyptian Mohamed Al-Shorbagy won the 2016 El-Gouna International Squash Open.In the final match, Al-Shorbagy defeated France's Gregory Gaultier in what was an unexpected ...

 May 5 2016 - Interview: Egyptian swimmer Farida OsmanDaily News Egypt
(MENAFN - Daily News Egypt) Nicknamed the Golden Fish, Farida Osman has won countless medals and has performed spectacularly in competitions. Among the many Egyptian athletes who have qualified for ...

 May 5 2016 - Mohammed bin Rashid greets UAE Armed Forces founders visionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 5th May 2016 (WAM) -- Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has extended ...

 May 5 2016 - UAE- Mohamed bin Zayed: Our armed forces will steadily progress to be an extraordinary force able to face all threatsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 5th May 2016 (WAM) -- His Highness Sheikh Mohamed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...

 May 5 2016 - Egypt's foreign exchange reserves gain $450m in April: CBEDaily News Egypt
(MENAFN - Daily News Egypt) The Central Bank of Egypt (CBE) revealed Wednesday that Egypt's net international reserves increased by approximately $450m in April 2016.It explained in a statement on ...

 May 5 2016 - Tahya Misr launches first education investment fund with EGP 100mDaily News Egypt
(MENAFN - Daily News Egypt) Tahya Misr Fund launched the first fund for profitable investment in education at an estimated cost of EGP 100m in the first phase, according to executive director of the ...

 May 5 2016 - King Salman's bridge creates expectations of increased Gulf investments in tourism sectorDaily News Egypt
(MENAFN - Daily News Egypt) Workers in the tourism sector expect an increase in tourist investments, especially in the Gulf of Aqaba across several touristic towns and cities such as Sharm El-Sheikh, ...

 May 5 2016 - Egypt's technical education is still woundedDaily News Egypt
(MENAFN - Daily News Egypt) Bassera, the Egyptian centre for research and public opinion, estimated that the private sector contributed to developing the Egyptian education system with 9% in funding ...

 May 5 2016 - Kuwait- His Highness PM arrives in HanoiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) HANOI May 5 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah and his accompanying delegation arrived in Hanoi on Thursday on an ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help