An Assessment Of Installation Of Businessincubators At Al Khawarizmi International College/ Al AIN In UAE
Volume 1 - Issue 3, September 2017 Edition
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Ayman, Liza, Beenish
business incubator, knowledge of individuals, tangible factors,,E-learning .
Executive Summary The purpose of this proposed sustainable business incubator is to foster the knowledge of individuals and make the learning experience as innovative as possible; something which quite different than the typical learning environment in the UAE and the Middle East. It can offer a paradigm that values informal and formal education as complementary and equally significant in the lifelong learning process, focusing on its capacity to model intrinsically motivated, joyful, open-ended learning that supports self-knowledge and positive social behavior. Methodology A considerable percentage of Al Khawarizmi International College students are from different professional backgrounds. Having interviewed these students we were able to establish some of the rationale for this project. These informal interviews have established the fact has been preliminary established that the major target groups for incubators are small businesses and creative industries. Also through literature research and visits to existing incubators we collected more information about best incubatorsâ€™ practices, building characteristics and funding strategies. Other observations have also included the working and learning opportunities learners may have in the incubator. Findings of the study:Business incubators are the most successful tools to initiate entrepreneurial instincts among young and potential graduates. Business incubators are the outstanding instruments to start entrepreneurial process. And During the tenure of entire study for this research it was found that tangible factors like state of art technology, management of incubation process, training and development and so on have a significant effect on initiating and orchestrating business incubation. Practical implications :The suggested business incubator will have a provisions for learners who wish to start their own businesses within the incubatorâ€™s premises by paying a subsidized fee for space within the incubator. This program is both a learning experience and an opportunity for new businesses to form. Other unique features of this incubator are its board of directors and the large amount of business resources it provides. The director that will run the business incubator has a business itself. Originality : The researchers propose this approach depending on their observations and interviews with students to develop the Business incubator which will provide assistance and support to the initial stages of business providing services ranging from technical know how to facilities. University Incubators provide a secure and confident support to the nascent entrepreneurs. University incubators create employment opportunities, products and services based on local needs and wants pool of entrepreneurial talent that boost the economies and add value to industry and government as whole.
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