Dhahran Techno Valley Company

​In 2010, Dhahran Techno Valley Company (DTVC) was created by a Royal Charter, with terms set forth by the Council of Ministers. The Dhahran Techno Valley Company (DTVC) is fully owned and an inherent part of KFUPM charged with the mandate to advance and commercialize the university’s intellectual property. As a matter of fact, KFUPM acts as the engine for DTVC thereby providing the deal flow needed in technology development and its further commercialization. One of the important rationales as to why DTVC is formed as an independent corporation is to delineate from the traditional teaching and research management strategies followed in an academic environment. The methods, strategies and procedures of DTVC are different than those of the University, and more in line with that of an entrepreneurial corporation