Wadi Makkah Company for Technology is an investment holding company owned by Umm al-Qura University. It was established by a decision of the university's board of directors on April 3, 2012. It is concerned with participating in the development of the knowledge economy through partnerships between educational and research institutions, as well as the business and investment community, according to commercial principles.
The company invests in the scientific, technological, and knowledge output resulting from the university's research and scientific innovations or from joint research with research centers of industrial companies contributing to Wadi Makkah for Technology.
Subsidiaries of Wadi Makkah Company for Technology
Wadi Makkah Company for Technology has limited liability subsidiary companies that are fully owned by it, each of which was established by a decision of the board of directors. Each of these companies provides different services that fulfill the mission and vision of Wadi Makkah Company for Technology. The subsidiaries include:
- Wadi Makkah Venture was established by a decision of the Board of Directors of Wadi Makkah Company for Technology on April 4, 2015. The company owns a venture capital fund and provides training, incubation, and business enablement services in partnership with local and foreign expertise to support entrepreneurship and maximize local output.
- Wadi Makkah Real Estate was established by a decision of the Board of Directors of Wadi Makkah Company for Technology on April 16, 2014. It aims to attract real estate developers and investors to develop Umm al-Qura University's assets and assets granted to Wadi Makkah to diversify and increase sources of income and improve university life and the environment that stimulates innovation and entrepreneurship.
- Wadi Makkah Knowledge was established by a decision of the Board of Directors of Wadi Makkah Company for Technology on May 2, 2017, with the aim of investing in intellectual production. The company provides consultancy services to government and private entities, carrying out its role in transferring knowledge. This comes in addition to its investments in producing quality educational materials such as Iqra bag and scale, Abjad bag and scale, Maqam bag, and other educational projects.
Objectives of Wadi Makkah Company for Technology
It aims to develop investment in the technology transfer industry, qualify and train university students to work in the private sector, provide suitable job opportunities through academic stages, and create an appropriate environment for conducting scientific research with an economic objective to serve knowledge. Additionally, it focuses on investment through the establishment of technology incubators.
The objectives also include investing in patents, industrial models, and intellectual property rights, investing in knowledge industries and supporting economic activities, attracting competent scientists and consultants, supporting investment opportunities in scientific research, as well as developing faculty members and providing consultations in the field of education and technology development.
The company also aims to invest in developing the land of the Wadi project and the university's lands to provide an attractive environment for scientists, employees, and their families, contribute to attracting local and foreign investments to support the company's purposes and create opportunities for cooperation with companies and institutions.
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