1. & ENTREPRENEURSHIP & BUSINESS INCUBATION Prepared by: Amal Al Kronz Supervisor: Dr. Nabeel 1

2. Presentation Contents :  Entrepreneurship Definition.  Benefits of Entrepreneurship.  An Entrepreneur.  Role of the Entrepreneur.  Successful Entrepreneur.  Business Incubation, goals & types of incubators.  Palestinian Incubator. 2

3. What is Entrepreneurship?  Ability to own,develop, organize and manage a business venture.  Desire and capability to innovate and diversify. 3 The concept of entrepreneurship has a wide range of meanings.

4. 4 Benefits of Entrepreneurship The opportunity to:  Create your own destiny.  Reach your full potential.  Contribute to society and to be recognized for your efforts.  Do what you enjoy and to have fun at it.

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6. Who is an entrepreneur? 6  a person who creates a new business, assumes the risks of this business,manages it to achieve the profit and grows it by identifying opportunities and assembling the necessary resources.

7. Role of the Entrepreneur  Important role in producing competitive products, processes, and services.  Local and regional economic development.  Generation of new employment.  Improved allocation of resources. 7

8.  Take what you do seriously.  Skilled at organizing & Plan everything.  Remember it's all about the customer.  Build a top-notch business team.  Decision making skills, self-motivated & Ambition. 8 Characteristics of Entrepreneurs

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11. Business Incubation  A Business Incubator : An organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services, and networking connections.  Sponsored by private companies or public institutions (colleges, universities).  To help create and grow young businesses. 11

12. Brief Introduction 12  Emerged as an economic development tool during 1980’s initially in the USA and Europe.  Spread around the world (5.000 incubators)  1.000 in Asia (the half in China)  1.000 in North America  900 in Europe  400 in Latin America

13. Types of Incubators: 1. Mixed _use Business Incubation 2. Technology Business Incubation 3. Business Incubation with University Relationships 4. Agri-Business Incubation 13

14. Some Business Incubator 14

15. PICTI  Palestinian Information & Communication Technology Incubator.  an independent organization based in Al-Bireh with a branch in Gaza.  PICTI has been created through the support of the Palestinian Information Technology Community.  Aims to improve the Information Communication Technology (ICT) sector in Palestine. 15

16. Mission Statement:  PICTI assists technology entrepreneurs to commercialize their ideas by designing, developing, implementing and promoting those initiatives 16

17. Some Of Projects incubated By PICTI : 17

18. Conclusions  Entrepreneurship is a challenging and rewarding profession.  Cannot compete directly with the “big guys”, so need to be ingenious and innovative in all entrepreneurial functions  Incubators have been formed to serve entrepreneurs projects. 18

19. 19 Thank you