Aiman Ragab, PhDDean – College of Management and Technology - AASTMT
General Supervisor - Project Incubation Center
Nader BakirExecutive Consultant - Project Incubation Center – AASTMT
Dubai International Conference Innovative Sources to Finance Small and Medium-Sized Enterprises
Dubai – UAE – February 2010
Doha M. Yacout - “Presenter”Projects Consultant – Project Incubation Center – AASTMT
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
Small & Medium – sized Enterprises:
SME’s 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
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.
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.
The Introduced framework adds to Traditional The Introduced framework adds to Traditional Business Incubation, using a Business Incubation, using a Threefold Threefold approach approach for integrated development of youthfor integrated development of youth
From "Idea" Pre-Incubation to “Post-Graduation Services” From "Idea" Pre-Incubation to “Post-Graduation Services”
Offering Fundamental, Academic & Practical support.Offering Fundamental, Academic & Practical support.
Financing through a “Partnership-based” model from first Financing through a “Partnership-based” model from first day of establishment (Initial Student Offering “I.S.O.” day of establishment (Initial Student Offering “I.S.O.” program)program)
Final Outcome: An outstanding Medium-Sized Final Outcome: An outstanding Medium-Sized professionally managed, registered “Publically Traded" professionally managed, registered “Publically Traded" enterprise serving the whole society and profiting its enterprise serving the whole society and profiting its funding shareholders.funding shareholders.
We offer the Arab world a Development / Investment / Employment and Educational Profit Model that reflects in
cooperation and solidarity.
Conquering Obstacles Facing SMEs Financing:
Mentioned SME’s 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.
AASTMT AASTMT “Non-Profit Organization” “Non-Profit Organization” developed “P.I.C” developed “P.I.C” on September 2008. on September 2008.
PIC's Mission is to provide society with highest PIC's Mission is to provide society with highest standards of Ex-Incubatees using the Threefold standards of Ex-Incubatees using the Threefold approach of the new framework.approach of the new framework.
PIC combines outstanding academic AASTMT PIC combines outstanding academic AASTMT credentials with extensive practical experience to credentials with extensive practical experience to professionalize the learning outputs of learning and professionalize the learning outputs of learning and fashion their applications into real life.fashion their applications into real life.
Achievements & Future PlansAchievements & Future Plans Operating Incubatees:Operating Incubatees: Festival Foods EgyptFestival Foods Egypt El Arabeya Company for Integrated Project ManagementEl Arabeya Company for Integrated Project Management Business Vision magazineBusiness Vision magazine Incubatees at establishment phase:Incubatees at establishment phase: Call Center and Outsourcing ServicesCall Center and Outsourcing Services Recruiting AgencyRecruiting Agency Projects accepted and being researched (Pre - Projects accepted and being researched (Pre -
Incubation): Incubation): Ship Life-JacketShip Life-Jacket Radio StationRadio Station Smart BoardSmart Board Projects considered (Priority vs. Recourses Projects considered (Priority vs. Recourses
assessment):assessment): Many othersMany others
Cooperation takes the form of:Cooperation takes the form of:
Investment / Funding Partnership Protocol.Investment / Funding Partnership Protocol.
The Incubator offers The Incubator offers Awqaf Awqaf investmentinvestment
opportunitiesopportunities in diversified fields in diversified fields
AwqafAwqaf helps young business starters and helps young business starters and
incubation applicants by being a Sponsor incubation applicants by being a Sponsor
Investor Funding their projects.Investor Funding their projects.
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
Business Incubation isBusiness Incubation is
A Multitasked, Multifaceted A Multitasked, Multifaceted
Activity that Everyone Should Activity that Everyone Should
Join…Join…
It is an All-Win Competition, whichIt is an All-Win Competition, which
Anyone can Benefit from…Anyone can Benefit from…
Walking his Own Preferred Road.Walking his Own Preferred Road.