King Abdulaziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, has organized a graduation ceremony in Riyadh to celebrate 20 technological innovations produced by the second inventions transfer accelerator for 2019. The accelerator aims to activate patents across a variety of services aimed at speed up the implementation, development and marketing of inventions to within a maximum of six months.

The ceremony featured a documentary about the second accelerator and its intensive six-month training and orientation program, in addition to presentations for the graduating startups. An exhibition accompanied the ceremony for the entrepreneurs to present their innovations, projects and plans to investors and attendees. During the ceremony, several financing, investment and business development agreements were signed between graduating projects, the Badir Program and Monshaat.

The number of applicants to the second accelerator, supervised by KACST’s Intellectual Property Development and Investment Bureau, reached 46, 26 of which were qualified to enter the training bootcamp. Twenty inventions from various industrial fields, including biotechnology, water technology and electronic technologies, were qualified to enter the accelerator.