Business Incubation Islamic Framework Yacout D

8/6/2019 Business Incubation Islamic Framework Yacout D

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Dubai International Conference

Innovative Sources to Finance Small and Medium-Sized EnterprisesDubai UAEFebruary 2010

Doha M. Yacout - PresenterProjects Consultant Project Incubation Center AASTMT


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SMEs Development & Business Incubation

Traditional Business Incubators Methods

New Business Incubator Framework Threefold Incubation Approach

New Framework Case Study P.I.C.

Achievements

Future Plans

Cooperation with Awqaf Association

Conclusions & Recommendations


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Small & Medium sized Enterprises:

SMEs financing capabilities face many obstacles:Lack of experience of business founders affecting Trustworthy

Lack of information between small businesses and investors

Relatively higher risk associated with small activities

Higher transactions costs in handling SME financing at the small

sizes.

... and many others


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Business Incubation:

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.


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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.

Business Incubators are benchmarked by methods

mostly depending on solid basics like available area or

capacity, with less concern of intellectual criteria.


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TheThe IntroducedIntroduced frameworkframework addsadds toto TraditionalTraditional BusinessBusinessIncubation,Incubation, usingusing aa ThreefoldThreefold approachapproach forfor integratedintegrateddevelopmentdevelopment ofof youthyouth

FromFrom "Idea""Idea" PrePre--IncubationIncubation toto PostPost--GraduationGraduation ServicesServices

OfferingOffering Fundamental,Fundamental, AcademicAcademic && PracticalPractical supportsupport..

FinancingFinancing throughthrough aa PartnershipPartnership--basedbased modelmodel fromfrom firstfirst dayday

ofof establishmentestablishment (Initial(Initial StudentStudent OfferingOffering II..SS..OO.. program)program)

FinalFinal OutcomeOutcome:: AnAn outstandingoutstanding MediumMedium--SizedSized professionallyprofessionallymanaged,managed, registeredregistered PublicallyPublically Traded"Traded" enterpriseenterprise servingserving thethewholewhole societysociety andand profitingprofiting itsits fundingfunding shareholdersshareholders..


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We offer the Arab world a Development / Investment / Employment and

Educational Profit Model that reflects in cooperation and solidarity.


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Conquering Obstacles Facing SMEs Financing:

Mentioned SMEs financing capabilities obstacles were:

Lack of experience of business founders affecting Trustworthy

Lack of information between small businesses and investors

Relatively higher risk associated with small activities

Higher transactions costs in handling SME financing at the small

sizes.


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AASTMTAASTMT NonNon--ProfitProfit OrganizationOrganization developeddeveloped PP..II..CC onon

SeptemberSeptember 20082008..

PIC'sPIC's MissionMission isis toto provideprovide societysociety withwith highesthighest standardsstandards ofofExEx--IncubateesIncubatees usingusing thethe ThreefoldThreefold approachapproach ofof thethe newnewframeworkframework..

PICPIC combinescombines outstandingoutstanding academicacademic AASTMTAASTMT credentialscredentialswithwith extensiveextensive practicalpractical experienceexperience toto professionalizeprofessionalize thethelearninglearning outputsoutputs ofof learninglearning andand fashionfashion theirtheir applicationsapplicationsintointo realreal lifelife..


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Achievements & Future PlansAchievements & Future Plans OperatingOperating IncubateesIncubatees::

Festival Foods EgyptFestival Foods Egypt

ElEl ArabeyaArabeya Company for Integrated Project ManagementCompany for Integrated Project Management

Business Vision magazineBusiness Vision magazine IncubateesIncubatees atat establishmentestablishment phasephase::

Call Center and Outsourcing ServicesCall Center and Outsourcing Services

Recruiting AgencyRecruiting Agency

ProjectsProjects acceptedaccepted andand beingbeing researchedresearched (Pre(Pre -- Incubation)Incubation)::

Ship LifeShip Life--JacketJacket

Radio StationRadio Station

Smart BoardSmart Board

ProjectsProjects consideredconsidered (Priority(Priority vsvs.. RecoursesRecourses assessment)assessment)::

Many othersMany others


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CooperationCooperation takestakes thethe formform ofof::

Investment / Funding Partnership Protocol.Investment / Funding Partnership Protocol.

TheThe IncubatorIncubator offersoffers AwqafAwqaf investmentinvestment opportunitiesopportunities inin

diversifieddiversified fieldsfields

AwqafAwqaf helpshelps youngyoung businessbusiness startersstarters andand incubationincubation

applicantsapplicants byby beingbeing aa SponsorSponsor InvestorInvestor FundingFunding theirtheir

projectsprojects..


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Hosting Pre-Incubation activities

Investment & best use of recourses.

(Two benefits in One process)

Partnership, Cooperation and Solidarity helps ALL

winning

Business Leaders Social Responsibility towards the

world economic development

Networking business incubators


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Business IncubationBusiness Incubation isis

A Multitasked, Multifaceted Activity that A Multitasked, Multifaceted Activity that

Everyone Should JoinEveryone Should Join

It is anIt is an AllAll--Win Competit ion,Win Compet it ion, whichwhich

Anyone can Benefit fromAnyone can Benefit from

Walking his Own Preferred Road.Walking his Own Preferred Road.

Business Incubation Islamic Framework Yacout D

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