Commercializing Entrepreneurial Ideas By Linking Universities And Technology Incubators
Commercializing Entrepreneurial Ideas by Linking Universities and Technology Incubators By Nabil M. Shalaby, Ph.D. Manager, Entrepreneurship & SMEs Development Center Eastern Province Chamber of Commerce and Industry
Don’t give me a fish, but teach me how to fish. A Chinese old proverb Don’t give me a fish, but teach me how to start and operate a “ fish farm ”. Nabil Shalaby
Keywords on the Spot Unemployment 100 million jobs required until the year 2020 (Arab level)
Keywords on the Spot Entrepreneurship Isami or Izami !!
Keywords on the Spot Intrapreneurship ARAMCO did it, 60 years ago
Keywords on the Spot Technology Yes for nano .. No for sheep
Keywords on the Spot Incubation 4600 incubators worldwide, 20 operating incubators in the 22 Arab countries
Research Problem Finding an appropriate model for the MENA countries higher education pertaining to the real interaction between universities and technology incubators.
Justification for Research At the globalization age, comparing to the 4600 incubators worldwide, there are about 20 operating incubators in the 22 Arab countries. (MENAinc) The research aims to increase the awareness of the importance of incubation and their economical and social impacts.
Incubators growth rate worldwide World Developed Countries Developing Countries
No. of Incubators in selected Arab Countries Country No. of Incubators Egypt 5 Saudi Arabia 1 Oman 1 UAE 1 Bahrain 1 Lebanon 2 Jordan 2 Tunisia 3
Does the incubator have a link with university?
Main business sectors of the incubator tenants
S ERVICES PROVIDED BY INCUBATORS 7 S S pace for Work. S hared Office facilities. S ervices such as counseling on management, ..etc S kills development by training. S peed in securing the needed office facilities. S eed money access. S ynergy of sharing and networking.
The percentage of success of the tenants after the first year 35 countries + 40 developing countries
The average annual percentage of employment growth per firm
The percentage of success of the tenants after 1-3 years of graduating
IMPACT OF TECHNOLOGY INCUBATORS ON HIGHER EDUCATION • Technology incubators contribute to the consolidation of ties and the partnership between the university and industry. • Technology incubators contribute to the transformation of scientific research outputs of university products to be marketed locally and internationally. • Cooperating between universities in the MENA countries and large companies in the establishment of a technology incubator as part of main objectives, which serve the targets of those companies in addition the entrepreneurs who will benefit from the incubator.
Methodology <ul><li>International Models </li></ul><ul><li>Local Needs Assessment </li></ul><ul><li>The Definition Phase </li></ul><ul><li>The Data Collection Phase </li></ul><ul><li>The Data Processing and Analysis </li></ul><ul><li>The Proposed Incubator Model </li></ul><ul><li>Enhancing Incubator Performance </li></ul><ul><li>Towards Sustainability </li></ul>
The Main Pillars of the Model Mansoura Technology Incubator
Interactions between government and stakeholders
A model illustrating the Micro-context of MUTIC Industrial Base and S&T Infrastructure Mansoura University Research Technology Transfer Agent Venture Capital Donation MUTIC Future Science/Technology Park Spin-offs of Large Firms Graduate Firms
A Model to Invest in the Students Entrepreneurial Ideas Enrolled Student Entrepreneurship Development Program Start on Graduation Project If the student is interested to join the traditional cooperative track If the student is interested to propose his idea to the committee (CDC) If the committee accepts the proposal Creative cooperative track Traditional cooperative track Summer Training Student Graduation Yes No Skills Development No No Yes Yes
Factors of Success <ul><li>The strict selection of incubator tenants </li></ul><ul><li>Incubator Manager </li></ul><ul><li>Community support </li></ul><ul><li>Access to finance </li></ul><ul><li>Creating success </li></ul><ul><li>Benchmarking and continuous improvement </li></ul>