To be held on October 13, the one-day event will highlight how best to shape the future of innovation and knowledge sharing in the region

Sharjah, UAE, August 4, 2022: A galaxy of business leaders, innovators and techies will take the centre-stage at the 3rd Middle East Innovation and Technology Transfer (MITT) Summit, the region’s biggest specialized event in technology transfer and innovation, to be held at the SRTI  Park, Sharjah, on October 13.

Leading experts from the region and across the globe will discuss how to best shape the future of innovation while creating sustainable impact, in line with the UN’s Sustainable Development Goals, covering topic like Water Technology, Renewable Energy, Environmental Technology, Digitization, Industrial Design 4.0, and Mobility and Smart Cities.

The participants in the one-day summit will include R&D institutions, technology transfer experts, global investors, government and private sector representatives, entrepreneurs and academics and other stakeholders, presenting an immersive experience of knowledge sharing, business showcasing and networking in an intimate setting.  

The summit comes at a time when the world is witnessing the fourth industrial revolution characterized by the penetration of emerging technology in a number of fields, including robotics, artificial intelligence, nanotechnology, biotechnology, the Internet of Things (IoT), 3D printing and autonomous vehicles.
Hussain Al Mahmoudi, CEO of the Sharjah Research, Technology and Innovation Park, said: 'The MITT Summit 2022 assumes huge significance as the Middle East has become the world's fastest growing market in business and technology transfer. As proven globally, the knowledge and technology transfer model has been responsible for rapid advancements in every field. By bringing together global experts and highlighting the role of academic institutions in R&D, the MITT Summit serves as a perfect platform for ramping up technology transfer trends in the region.”

The summit will discuss patterns of technology transfer in the Middle East and North Africa region, existing opportunities as well as challenges, and tips on how to achieve set goals and use knowledge sharing to boost the region's economic growth and long-term stability.
Technology transfer has been the main drivers of global economic growth over the last 40 years. Companies are increasingly relying on open innovation to develop intellectual property (IP) more quickly and economically, to stay ahead of competition. Universities, research organisations and SMEs play a crucial role in supplying intellectual property, and supporting research that will build the innovations of tomorrow. 

Many countries around the world have passed their own national legislations and policies to spur innovation. The UAE issued its own National Innovation Strategy in 2014, which seeks to make the country the region’s top innovation hub by developing the right regulatory framework, infrastructure and ensuring availability of investment.