About the Center

About the center

The knowledge-based economy is defined as the economy capable of producing, disseminating and using knowledge, in which knowledge is the main factor in growth, wealth creation and employment in various development sectors. And the “knowledge-based economy”, each of which affects and is affected by the other, and “knowledge” represents an urgent requirement to enhance the competitiveness of countries during the twenty-first century.
From this standpoint, the vision of the Kingdom of Saudi Arabia 2030 focused on supporting entrepreneurship, supporting small and medium enterprises, and providing citizens with the knowledge and skills necessary to meet the needs of the future labor market. Perhaps the most important of which is to develop the percentage of students who benefit from programs for the gifted to reach 100% by 2020, and the sixth strategic objective stipulates supporting research and development to ensure the sustainability of the local content development system by providing the appropriate capabilities to encourage and stimulate innovations and initiatives of individuals and groups, and care and attention. talented and innovators, creating competitive conditions that motivate them, encouraging the private sector and investors to adopt innovators’ inventions, encouraging the establishment of small and medium enterprises through their adoption by economic incubators and highlighting the talentsThe inventors of the innovators in the various media and the awareness of the members of society of their vital role in scientific and technical progress and in the comprehensive economic and social development.
The National Transformation Program 2020 also urged, in the fifth strategic objective, to localize and develop technology in sectors with large local expenditures by creating distinguished higher institutes in applied scientific fields at the university and above-university levels that would be able to successfully consolidate applied scientific research and localize and develop technology. The fifth strategic objective is to continue to transfer, localize and develop appropriate technology (both cognitive and applied) to raise production efficiency and enhance the competitive capabilities of the production and service sectors and to continue cooperation in this field between national research and development institutions and institutions of various economic sectors and to encourage the exchange and transfer of experienced workers between productive institutions and The use of technology as a basic mechanism in the application and dissemination of the benefit of technology locally.
Through extrapolation and study of global experiences that confirm that 75% of the global economy is a knowledge economy that works on the production, generation and export of knowledge so that it has economic repercussions in order to achieve sustainable development for future generations. The top 25 universities in the world have institutes and programs specialized in talent, innovation, and entrepreneurship at the undergraduate and graduate levels, in addition to the top 40 universities in the United States of America having internal institutions in the areas of talent, innovation and entrepreneurship. In 2008, about 80% of American universities had institutes and centers for talent, innovation and entrepreneurship under various names. The financial support attracted to teaching innovation and entrepreneurship in American universities reached 2,
The economic impact of technology transfer through the university is also very large, as 550 fledgling companies were established in 2011 in the United States of America and 236 in the United Kingdom. The positive impact on the quantity and quality of intellectual property produced through universities and research centers increased significantly. In 2012, 4,622 patents were registered from American universities and 847 from British universities.
Some advanced universities have contributed an impressive amount of knowledge-based economic giving, as commercial licenses and fledgling companies launched from Stanford University have led to the creation of about 3 million jobs in the fields of technology, and the companies established at Cambridge University have created more than 35,000 jobs, while the Massachusetts Institute of Technology has established 6,900 graduates. The company has created more than a million new jobs.
It is noticeable that many Saudi universities have attached great importance to the concept of talent, innovation and entrepreneurship through the establishment of many university agencies, institutes and academic centers specialized in talent, innovation and entrepreneurship under different names (Umm Al-Qura University, Taibah University, Imam Muhammad bin Saud Islamic University, King University). Saud, King Abdulaziz University, King Fahd University of Petroleum and Minerals, King Abdullah University of Science and Technology, King Khalid University, Dammam University and Majmaah University).
In this sense, Jazan University, in its quest to establish a center for innovation and entrepreneurship, is in line with the direction of the Kingdom’s vision 2030 towards building a knowledge economy as a strategic priority to contribute to the development of the national economy, enhance its competitiveness globally, diversify its resources and reduce dependence on oil as a major resource for the state treasury, which contributes to comprehensive and sustainable development .