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2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
2013 cambridge  picti (bic) hassan kassem,chairman of pita
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2013 cambridge picti (bic) hassan kassem,chairman of pita

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  • 1. PICTI 2.0: Business & Innovation Centre (BIC) INNOVATION, CREATIVITY, INGENUITY @
  • 2. PICTI 1.0: -2004 – 2012: Physical Technology Incubator in Ramallah -Limited number of successes and impact (# of companies) -Gaza – Virtually -Business Advisors – full time staff members! -Recovery Model: up to 40% equity shares (high!) PICTI 2.0 (BIC): -Announced: June 2012 -Business & Innovation Centre – Pi2 - PICTI - Pre-incubation - Acceleration -Innovation: model, design, and pipeline -Non-IT and R&D -Recovery Model: up to 10%
  • 3. Why BIC? • Accreditation against the EC-BIC Quality Criteria • Internationalization: soft-landing and co-incubation The business model: • More pipeline and projects (mass) • More successes are expected • Lower risk and investment (SF) • Potential in Gaza • Social factor and more beneficiaries • Potential in non-IT and R&D projects
  • 4. • Innovation assessment • Business Plan elaboration • Business Modeling • Training Pre- incubation • Access to Finance • Coaching and Mentoring • Hosting • Training • Commercialization Incubation • Innovation Diagnostics • Intl Support • Commercialization • Clustering • Financing Acceleratio n Hybrid Model – Pi2 Business & Innovation Centre - BIC
  • 5. Incubation / Acceleration Model • Business Idea / Concept • Pitching • Assessment and Selection ~ 75 Concep t Outreach, Activities… • Training • Boot camp • Business Model • Presentation & Pitching Selectio n ~ 50 Projects • Validation • Prototype • Business Plan • Validation • Prototype • Business Plan • Business Services • Mentoring • $3K - $5K • Business Services • Mentoring • $3K - $5K Pre-incubation (Physical & Virtual) ~ 3 Months Investment Committee ~ 25 Startup Incubation & Acceleration < 6 Months (Mentoring, Marketing, Access to Finance…) FUNDING GraduationGraduation Pipelin e ~ 100 Ideas
  • 6. How does it work? The model • Partnership with universities • Continue with the outreach program • Many tools (Intel, ESCWA, BEF at Expo, HTH, MS IC …) • Jury panel (>10 members) • 5 rounds of evaluation so far • Decentralization and females • 100 day business incubation/acceleration agreement • Palestine Network of Mentors (46 members so far) • Partnerships with regional and international bodies • Mowgli, YEN, ESCWA… • As a result, 39 projects are incubated now (15 in Gaza and 24 in West Bank)
  • 7. • Launching of the Palestine Business Angel Network • Establishing of the Innovation Lab • Fund (Ops & SF) • Expand Stakeholders Network in WB & Gaza • Expand the Network of Mentors • The untapped resources: Diasporas for the above • Re-(Branding, Imaging & Positioning) • Launching of the co-incubation & soft-landing… Focus: • Mobile Tech, Apps & Content incl Gaming. • Digital Arabic Content (DAC) • Jerusalem What next? What is needed?What next? What is needed?
  • 8. OurOur Vision:Vision: PICTI [BIC] – the fully acknowledged and endorsed innovation-based Accelerator & Business Innovation Centre of Palestine! An agent of economic, cultural and social change
  • 9. Thank You! info@picti.ps fb.com/PICTI.BIC
  • 10. Thank You! info@picti.ps fb.com/PICTI.BIC

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