The Investment Review Panel of the Technology Commercialization & Enterprising Unit of Dhahran Techno Valley Holding Company held the 2nd meeting yesterday (Tuesday 16 April 2019) to assess six KFUPM technologies for potential investment and commercialization and discuss the economic feasibility of converting these patented technologies to commercial products with market value.
During the meeting, members of the panel highlighted their thoughts and ideas to enhance the investment opportunities for these technologies, as well as they discussed the best ways to commercialize them to industry sector and entrepreneurial communities to turn them to commercial products. The members delivered the IP investment recommendations for the DTVC’s Board of Directors.
In this meeting, the panel was briefed about the results of the first batch of investments that was approved in the first technology assessment meeting that was held last November. The results showed that DTVC signed three joint investment licensing agreements with three industrial entities to accelerate the development and commercializing of their technologies.
The IRP meeting chaired by Dr. Hisham Merdad, Dean of KFUPM Business School, and the meeting was attended by IRP Members: Mr. Riyadh Alzamil, Chairman of RAZ Holding Company; Mr. Theodore Goede III, Organization, Investment & Portfolio Management at Aramco Entrepreneurship Center (Wa’ed); Dr. Janne Virtapohja, Technology Transfer Consultant at Saudi Aramco; Mr. Samir Aljishi, General Manager, Strategy & Business Development, Technology & Innovation Center at Sipchem. The meeting was also attended by Dr. Iyad Alzaharnah, Director Technology Commercialization & Enterprising Unit at DTVC; Mr. Anas Alhargan, Investment Analyst at DTVC; Mr. Abdulrahman Almusharraf, Investment Analyst at DTVC.