Prince Abdullah Bin Abdulaziz Science Park (PASP)

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Prince Abdullah Bin Abdulaziz Science Park
(PASP)Knowledge to the modern economy is what
coal and steel were to the industrial
revolutionPresentation to SABIC Delegation

• by
• PASP Project Committee
• KFUPM
• 14 January 2004

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Members of the PASP ProjectCommittee Their
Responsibilities

• Dr. Mohammad Abul-Hamayel
• Dr. Mohammad Al-Ohali
• Dr. Mohammad Ramady
• Dr. Sadiq M. Sait
• Dr. Halim Hamid Redhwi (Chairman)

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Presentation Outline

• Part I A Brief Overview about Science Parks
• Part II Plan of PASP
• Part III Progress and Status

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What Are Science Parks?

• A property based initiative which
• Has operational links with universities and
  research centers
• Is designed to encourage knowledge based
  industries
• Has an element of technology transfer and job
  opportunities
• Over a thousand Science parks around the world
  Australia, Singapore, Hong-Kong, Morocco,
  Finland, Brazil, UK, USA, and others
• IASP (International Association of Science Parks,
  250 membership almost half are University Parks)
• Different from Research Institutes (RI)?

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Benefits from the Park

• Economic development of the country
• University to become skilled at industry
  collaboration
• Tenants forming associations with the University
• Commercialization of University research,
  including incubation facilities for start-ups
• Development of the region and creation of wealth
  and employment opportunities

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What is in their for KFUPM

• Joint research projects, especially for graduate
  and doctoral students
• Work experience programs for undergrads (part-
  and full-time jobs for university students)
• Sharing of university equipment and laboratories
• Custom-designed education programs for tenants
• Many staff in tenant companies can enroll in our
  graduate programs
• Advice from tenants (companies) on course design
• Adjunct appointments of industry experts to teach
  and research in the university

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Benefits to Tenant Firms

• Tenant companies can have a significant point of
  presence in the from an RD perspective
• Availability of a highly skilled work-force pool
  from faculty members, researchers, grad. and
  undergrad. students body
• Assistance in identifying university programs and
  resources that best relate to the tenants
  research
• Adjunct faculty participation from tenants
• Opportunity for commercial deployment of
  universitys proprietary patents and innovations
• Access to the universitys advanced educational
  and training programs

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Different from an RI

• External Research projects at KFUPM departments
  and RI differ from Science Park concept
• At the Science-Park, companies conduct research
  independently for their own motives, by their own
  researchers, utilizing their own facilities, and
  may involve University researchers facilities,
  without intervention of University
• It differs from funded project awarded to
  University faculty

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What is an Incubator?

• An incubator generates and sustains the
  dynamic process of business enterprise
  development for individuals eager to start
  companies to build commercially viable products.
• It provides support of infrastructure,
  logistics, finance, training, and advice, until
  the businesses find their own place outside.

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Chronology of Events

• KFUPM Science Park Project Committee Formed
  19/05/2002
• International Companies Contacted 20/06/2002
• Letters of Intent Received 15/07/2002
• Conceptual Plan (prepared by PASP Project
  Committee) 15/09/2002
• PASP Website Created (http//www.ccse.kfupm.edu.sa
  /cadprj) 01/10/2002
• Foundation Stone by HRH Prince Abdullah Bin
  Abdulaziz 20/10/2002
• UNESCO Experts Visit to KFUPM 22-25/02/2003
• PASP Plan Finalized 25/03/2003
• Schlumberger Contract Signed 04/04/2003
• Project Awarded for Layout/Infrastructure
  Planning 09/04/2003
• Marketing Campaign Launched 15/04/2003
• Presentation to HH Prince Saud Al-Saud, Chairman
  SABIC 26/04/2003
• Preliminary Report on Layout/Infrastructure
  finalized 27/04/2003

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Plan of PASP

• The Vision
• The Mission
• Other issues

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Vision

• To make a significant contribution to the
  wealth welfare of the Kingdom of Saudi Arabia
  through the development of knowledge based
  companies that will also strengthen the
  achievement of the mission of KFUPM to be a
  leading institution in the creation and
  dissemination of knowledge in its chosen fields
  of study

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Mission

• To develop financially self-sustaining physical
  and operational entity designed to create wealth
  through the commercialisation of scientific and
  technological knowledge from KFUPM
• Development of an entrepreneurial culture amongst
  faculty, researchers, students, of KFUPM and
  providing technical, business, and financial
  advice to clients
• Providing space in incubator and science park
  with access to university facilities and creation
  of a self sustaining and self supporting
  community of knowledge based companies.

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Objectives

• Commercialization of University research and to
  act as a vehicle for entrepreneurs by providing a
  strong point of presence for national and
  international companies
• Providing incubator programs to young Saudis and
  promoting emerging small-businesses and
  enterprises
• Utilizing the Kingdoms industrial and market
  strength for the benefit of making KFUPM a focal
  point for attracting International RD Personnel
  from Schlumberger, CIBA, Nippon, Microsoft, Bell,
  GE, etc.
• Generating employment opportunities for students
  and graduates in these knowledge based business
  houses
• To perform relevant and high quality RD for
  transfer to industry, and provide a focal point
  of industry-University relationship

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Proposal for Funding Finance

• Given its ideal location and the explicit returns
  for the Industry, it is proposed that PASP-KFUPM
  Company be formed that is financed by
• KFUPM
• Private Investments (VC)
• Saudi Mega Companies
• The University would be a responsible for laying
  down standards for leasing tenants, while
  operation, maintenance and construction would be
  the responsibility of the company

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Governance Management

• For effective management and governance it is
  suggested that PASP-KFUPM Company is formed based
  on the collaboration between three major parties
  
• University knowledge and resources (and partial
  funding)
• Industry financing and RD
• Government regulations and incentives
• Park managed as a commercial enterprise by a Park
  Manager, who heads the management team, and is
  overseen by a board of directors

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Part IIIProgress and Status
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UNESCO Experts Recommendations

• Supreme aim is the development of a community
  that will create wealth and welfare in the
  Kingdom, and the creation of an entrepreneurial
  culture that maximises the commercialisation of
  ideas from KFUPM
• A combination of patience compatible with the
  achievement of PASPs Vision in the long-term (30
  years) and a sense of urgency compatible with
  producing early visible performance

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UNESCO Experts (Recommendations, Contd.)

• An arms-length company separate from the
  University and Research Institute should manage
  the Park (PASP)
• The Board of PASP should be chaired by the Rector
  and should have members from the University,
  Government, tenants, and other key stakeholders
• HRH Prince Abdullah bin Abdulaziz could be
  approached for becoming the honorary President of
  the Board
• A Park Manager (CEO) should be appointed as soon
  as possible
• The site development plan of the Park should be
  completed and approved by the PASP Board

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First Tenant in PASP( Schlumberger, USA)

• Schlumberger/KFUPM collaboration began in year
  2000
• Formal contract as park tenant signed in 2003
• Schlumberger Foundation Stone Placed
• Site allocated in proposed PASP Site (2500 Square
  meters)
• Building design completed, construction began
• Currently Schlumberger renting space in KFUPM
• Schlumberger employees working at KFUPM
• Conducting joint projects with KFUPM

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Potential Tenants in PASP(JCCP, Japan)

• Contract Duration 1995-2005
• HSFCC project foundation stone by HRH Prince
  Abdullah Bin Abdulaziz
• Utilizing RI laboratories for housing equipment
  and instruments
• Japanese researchers working full time at KFUPM
• HSFCC Lab Facilities developed in KFUPM and Ras
  Tanura
• More projects committed

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Potential Tenants in PASP(CIBA Chemicals,
Switzerland)

• Contract Duration 2002-Open-ended
• Using KFUPM laboratories for housing equipment
  and instruments
• Using KFUPM laboratory and field facilities for
  research projects
• CIBA researcher working full time at KFUPM
• Training KFUPM researchers for CIBA business
  related research work

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Interest of International Companies in
PASP(Letters of Intent received from)

• Idemitsu Kosan Company Ltd., Japan
• Cytec Industries, B.V., The Netrherlands
• Institute France Petrole (IFP), France
• Membrana GmbH (a member of the ACORDIS Group),
  Germany
• DevCorp International, Bahrain

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Saudi Aramco and SABIC Participation

• Invitation letters sent to Saudi Aramco and SABIC
  for involvement and participation in PASP
• Potential Advantages Cited
• Availability of additional RD laboratory space
  for expansion of R D activities not covered in
  existing RD facilities
• Opportunity for companys researchers with new
  and novel ideas to begin to exploit them in a
  separate atmosphere
• Opportunity to come into direct contact with, and
  to evaluate, students who are potential new
  companys employees.

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PASP SITE
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Look Ahead PlanFor Q1 Q2, 2004

• Site development work to start by 2004
• LOI from 5 new Potential Tenants
• Confirmation of involvement by Saudi Aramco and
  SABIC
• Marketing Brochure finalized
• Public Awareness in Electronic- and Print-Media
• Visits to International Science Parks
• Attendance in related Conferences
• Visits of International Experts to KFUPM (British
  Council)
• Sub-Committee (Legal, Marketing, etc.)

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Action Plan for 2004

• Board of Directors Approved
• 10 Tenants Agreement
• Legal and Administrative Issues Resolved
• Site Developed
• Defining The Role of Faculty members, researchers
  and Students in PASP
• Incubator Program Launched

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Finally

• The PAASP is a strong statement of KFUPMs
  determination to maintain its high standards in
  research, technological development and academic
  excellence.
• It is an initiative to couple the Universitys
  research resources with the technological
  capabilities of the industrial sector, thereby
  creating a highly collaborative environment with
  vast potential for joint technological RD.

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And..

• With the establishment of this science park,
  KFUPM moves forward into its fiftieth year with a
  far-reaching initiative that will be a dynamic
  catalyst for technological development and
  collaboration between the university and the
  industry.

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THANK YOU