Aiman Ragab, PhD Dean – College of Management and Technology - AASTMT General Supervisor - Project Incubation Center Nader Bakir Executive 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 Business Incubation, using a Threefold approach for integrated development of youth  From "Idea" Pre-Incubation to “Post-Graduation Services”  Offering Fundamental, Academic & Practical support.  Financing through a “Partnership-based” model from first day of establishment (Initial Student Offering “I.S.O.” program)  Final Outcome: An outstanding Medium-Sized professionally managed, registered “Publically Traded" enterprise serving the whole society and profiting its 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 “Non-Profit Organization” developed “P.I.C” on September  PIC's Mission is to provide society with highest standards of Ex-Incubatees using the Threefold approach of the new framework.  PIC combines outstanding academic AASTMT credentials with extensive practical experience to professionalize the learning outputs of learning and fashion their applications into real life.

Achievements & Future Plans  Operating Incubatees:  Festival Foods Egypt  El Arabeya Company for Integrated Project Management  Business Vision magazine  Incubatees at establishment phase:  Call Center and Outsourcing Services  Recruiting Agency  Projects accepted and being researched (Pre - Incubation):  Ship Life-Jacket  Radio Station  Smart Board  Projects considered (Priority vs. Recourses assessment):  Many others

Cooperation takes the form of: Investment / Funding Partnership Protocol.  The Incubator offers Awqaf investment opportunities in diversified fields  Awqaf helps young business starters and incubation applicants by being a Sponsor 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 is A Multitasked, Multifaceted Activity that Everyone Should Join… It is an All-Win Competition, which Anyone can Benefit from… Walking his Own Preferred Road.