RIC
APPLY FOR A TECHNOLOGY DEVELOPMENT PROJECT
The technology development program aims at accelerating
impact research that results
in
commercialization and technology development. The objective of this program is to bridge the gap between
academic research and market and help researchers to develop innovative technologies for a greater
economic and
social impact.
The technology development program provides funding of up to 100,000 SAR to research projects with
commercial
values and would lead to creating Hi-Tech startups and companies.
The project must lead to developing proof-of-concepts and prototypes at high technology readiness level
(6 and
above).