RPDC & Avascent Sign MoU at the Saudi-US CEO Forum

06 Apr

RPDC & Avascent Sign MoU at the Saudi-US CEO Forum

On March 27, Research Products Development Company (RPDC) and Avascent signed a Memorandum of Understanding at the Saudi-US CEO Forum held in New York in support of current activities of technology commercialization and localization of initiatives.

Avascaent will support RPDC to:

  • Manage the Kingdom’s Intellectual Property within key research and development centers of gravity within the Kingdom;
  • Assess growth opportunities both domestically and abroad for home-grown technology;
  • Identify suitable business models and outside partnerships to accelerate technology commercialization;
  • Develop strategies to target critical industries and businesses for government investment; and
  • Train and create sustainable and meaningful jobs for local Saudi talent.

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