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

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

  1. 1. PICTI 2.0: Business & Innovation Centre (BIC) INNOVATION, CREATIVITY, INGENUITY @
  2. 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. 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. 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. 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. 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. 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. 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. 9. Thank You! info@picti.ps fb.com/PICTI.BIC
  10. 10. Thank You! info@picti.ps fb.com/PICTI.BIC

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