THE ARAB VIRTUAL INCUBATOR AND TECHNOLOGY PARK

بيانات الملخص الأولية
الملخص

In to-day’s rapidly advancing world, scientific and technological advancement holds the key to the economic development of any community or country. A creative and innovative mind with an inclination for novel ideas and concepts is essential to technological advancement. Such concepts or innovations, however need to be converted into marketable products that will benefit both the inventor as well as its users.

It has been observed that ingenuous and novel concepts often just remain with the innovator or fail to get launched because scientists and inventors are more likely to be academic-minded rather than market-oriented with no idea of how to convert their concepts and endeavours into useful products.

There is, therefore, a need for an inventor-friendly platform or site that not only encourages scientific and technological innovativeness but also helps such people convert their discoveries into marketable and useful products. Such a platform will not only foster a scientific temperament but also ensure that innovative concepts get translated into business solutions and are exploited for the benefit of the community, at large.

A technology park is just the right setting for such people to blossom and make productive contribution to the community while at the same time gaining recognition and perhaps, enriching themselves in the process.

“Incubation is a unique and highly flexible combination of business development processes, infrastructure and people, designed to nurture and grow new and small businesses by supporting them through the early stages of development and change.

THE ARAB VIRTUAL INCUBATOR AND TECHNOLOGY PARK