The Innovation and Entrepreneurship Institute was established as per the decision of the University Council in its meeting No. 2, dated Safar 15th, 1433H, corresponding to February 9th, 2012. The decision was first ratified by the Council of Higher Education in its meeting No. 70, dated Rajab1st, 1433H, corresponding to May 22nd, 2012, and then approved by the Saudi late king Abdullah bin Abdulaziz Al Saud, the Chairman of the Council of Ministers and Head of the Council of Higher Education since then, pursuant to the Royal Order No. 36696, dated Sha'aban 5th, 1433H, corresponding to June 25th, 2012
The institute’s role came in line with the orientation of the 9th Saudi Development Plan towards building a knowledge-based economy as an strategic priority to contribute to the growth of the national economy, boost its global competitiveness, diversify its resources and cut dependence on oil resources, in addition to simulating international trends of the well-placed universities. This came out of the institute’s recognition of the important role played by knowledge in building national economies and its impact on the comprehensive and sustainable development.
Moreover, the Institute aims at empowering the university to fully make use of its scientific and research potentials, create an inspiring and attractive atmosphere for innovation, boost the innovative and entrepreneurial thinking, and adopt applied and productive education in a manner that serves Makkah and Hajj and Umrah pilgrims alike. Among the institute’s goals also is to consolidate knowledge and skills of students and faculty members and take advantage of the University’s human, knowledge and intellectual capitals to meet the needs of Makkah and pilgrims through providing them with a network of services, facilities and commodities, the thing which will achieve cognitive, economic and social mobility in Makkah and all the regions of the Kingdom. Such a system is capable of providing a wide range of economic opportunities requiring pumping more funds on knowledge and innovation with high returns to ensure the availability and improvement of services to be touched by pilgrims.