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Business incubation islamic framework yacoutD


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Business incubation, Islamic, framework , doha yacout, egypt , arab, mena

Published in: Economy & Finance

Business incubation islamic framework yacoutD

  1. 1. Business Incubation"Introducing a New Framework”<br />Doha M. Yacout - “Presenter”<br />Projects Consultant – Project Incubation Center – AASTMT<br />Dubai International Conference <br />Innovative Sources to Finance Small and Medium-Sized Enterprises<br />Dubai – UAE – February 2010<br />
  2. 2. Contents<br /><ul><li>SMEs Development & Business Incubation
  3. 3. Traditional Business Incubators Methods
  4. 4. New Business Incubator Framework
  5. 5. Threefold Incubation Approach
  6. 6. New Framework Case Study “P.I.C.”
  7. 7. Achievements
  8. 8. Future Plans
  9. 9. Cooperation with Awqaf Association
  10. 10. Conclusions & Recommendations</li></li></ul><li>SMEs Development & Business Incubation<br />Small & Medium – sized Enterprises:<br /><ul><li>SME’s financing capabilities face many obstacles:
  11. 11. Lack of experience of business founders affecting Trustworthy
  12. 12. Lack of information between small businesses and investors
  13. 13. Relatively higher risk associated with small activities
  14. 14. Higher transactions costs in handling SME financing at the small sizes.</li></ul>... and many others<br />
  15. 15. ...SMEs Development & Business Incubation<br />Business Incubation:<br /><ul><li>Business Incubation is a business support process that accelerates development of start-up and fledgling SMEs by providing an array of targeted resources and services, developed & orchestrated by incubator management to produce successful free-standing firms having the potential to strengthen local and national economies.</li></li></ul><li>Traditional Business Incubators methods<br /><ul><li>Traditional Business Incubators – simply - are utilized working areas for rent structured with (Water, Electricity, Computers, Internet, Mailing address, Local calls and Fax), with connections to experts being facilitated.
  16. 16. Business Incubators are benchmarked by methods mostly depending on solid basics like available area or capacity, with less concern of intellectual criteria.</li></li></ul><li>New Business Incubator Framework<br />The Introduced framework adds to Traditional Business Incubation, using a Threefold approach for integrated development of youth<br />From "Idea" Pre-Incubation to “Post-Graduation Services” <br />Offering Fundamental, Academic & Practical support.<br />Financing through a “Partnership-based” model from first day of establishment (Initial Student Offering “I.S.O.” program)<br />Final Outcome: An outstanding Medium-Sized professionally managed, registered “Publically Traded" enterprise serving the whole society and profiting its funding shareholders.<br />
  17. 17. Threefold approach for development<br />We offer the Arab world a Development / Investment / Employment and Educational Profit Model that reflects in cooperation and solidarity.<br />
  18. 18. SMEs Development through New Incubation Framework<br />Conquering Obstacles Facing SMEs Financing:<br /><ul><li>Mentioned SME’s financing capabilities obstacles were:
  19. 19. Lack of experience of business founders affecting Trustworthy
  20. 20. Lack of information between small businesses and investors
  21. 21. Relatively higher risk associated with small activities
  22. 22. Higher transactions costs in handling SME financing at the small sizes.</li></li></ul><li>New Framework - Case StudyProject Incubation Center _____ Founded byArab Academy for Science, Technology and Maritime Transport“AASTMT”<br /><ul><li>AASTMT “Non-Profit Organization” developed “P.I.C” on September 2008.
  23. 23. PIC's Mission is to provide society with highest standards of Ex-Incubatees using the Threefold approach of the new framework.
  24. 24. PIC combines outstanding academic AASTMT credentials with extensive practical experience to professionalize the learning outputs of learning and fashion their applications into real life.</li></li></ul><li>New Framework - Case Study “P.I.C.”<br />Achievements & Future Plans<br /><ul><li>Operating Incubatees:</li></ul>Festival Foods Egypt<br />El Arabeya Company for Integrated Project Management<br />Business Vision magazine<br /><ul><li>Incubatees at establishment phase:</li></ul>Call Center and Outsourcing Services<br />Recruiting Agency<br /><ul><li>Projects accepted and being researched (Pre - Incubation): </li></ul>Ship Life-Jacket<br />Radio Station<br />Smart Board<br /><ul><li>Projects considered (Priority vs. Recourses assessment):</li></ul>Many others<br />
  25. 25. Cooperation with Awqaf Association<br />Cooperation takes the form of:<br />Investment / Funding Partnership Protocol.<br />The Incubator offers Awqaf investmentopportunities in diversified fields<br />Awqaf helps young business starters and incubation applicants by being a Sponsor Investor Funding their projects.<br />
  26. 26. Conclusions and RecommendationsConditions to be fulfilled<br /><ul><li>Hosting Pre-Incubation activities
  27. 27. Investment & best use of recourses.(Two benefits in One process)
  28. 28. Partnership, Cooperation and Solidarity helps ALL winning
  29. 29. Business Leaders Social Responsibility towards the world economic development
  30. 30. Networking business incubators</li></li></ul><li>Business Incubation is<br />A Multitasked, Multifaceted Activity that Everyone Should Join…<br />It is an All-Win Competition, which<br /> Anyone can Benefit from…<br />Walking his Own Preferred Road.<br />Thank You<br />