Objectives: This study aligns with Saudi Vision 2030 by identifying prerequisites for innovation in administration, finance, academia, and procedures. Methods: Utilizing the Delphi technique, 46 experts reached consensus on innovation strategy principles, emphasizing research funding, expert guidance, monitoring, incentives, and fostering a creative culture. Central goals include enhancing 21st-century skills, interdisciplinary collaboration, and aligning with labour market demands. Results: Advocated reforms involve policy realignment, procedural streamlining, and infrastructural enhancements to address regulatory hurdles, resource constraints, and cultural barriers. Advocacy for policy reform, training, partnerships, and resource optimization aims to empower educators and policymakers. Recommendations: Recommendations include training programs, curriculum integration, seminars, partnerships, and efficient resource allocation to promote innovation and contribute to Vision 2030 goals. (c) 2024 Ani Publishing Ltd. All Rights Reserved.