Innovative Economy
The 4th Industrial revolution (Ai, IoT, ML, NLP, Blockchain and other new technologies) developments will definitely affect how we work and the future of jobs; it is predicted that some jobs will disappear while others will grow, and even new jobs will be developed to serve a different marketplace. This means we need to encourage an environment and culture for continuous learning and innovation. This also leads to great possibilities for economic development that is inspired by technological innovation.
We Have The Solution
In an innovative environment, new businesses and ventures are created by connecting scientific research, and young startups with the industry. The goal is to respond to real world problems and to tackle these challenges from a scientific perspective that is built on theory. The program takes entrepreneurs through a rigorous training program, and connects them with mentors from the relevant industry. They are trained in necessary skills and knowledge and are then presented with a series of industrial problems that they have to solve. The problems presented are based on extensive research and analysis done by Al Nayzak in various fields. The participants are then asked to propose solutions to these problems. The program expands entrepreneurial capacities, connects scientists, researchers and entrepreneurs with their industrial counterparts in the Arab World.
MIP
MIP is a continuous process that started in 2006, the annual program that aims at supporting new innovative technical and vocational ideas based on scientifically correct concepts and well-designed engineering to enhance youth socio-economic opportunities and integration with the labor market, through developing new products and creating technical workshops or small factories. Through partnership with existing businesses, the program’s essence is to provide local technical innovators and TVET students with feasible opportunities to achieve socio-economic independence following skills enhancement and capacity building in design and development of innovative business ideas that are income generating and market competitive.
Arab Ai & IoT challenge
The Arab Internet of Things and Artificial Intelligence Challenge is a competition launched to encourage creative thinking and idea generations that will guide the Arab World into the realms of the Fourth Industrial Revolution. The Challenge addresses the need for innovation that leads to economic development. The challenge encourages participants to delve into ideas that contribute to the evolution of smart cities, artificial intelligence (AI) and Internet of Things (IoT). The AI and IoT Challenge is spread over 13 countries in the Arab World and will be launched and coordinated locally by Al Nayzak. The Challenge will focus on the application of AI and IoT under three main categories:
• Graduation projects of university students
• Small to Medium Enterprises (SMEs)
• Start-ups and entrepreneurial projects.
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