The Center’s Model for Entrepreneurship Application
After studying a number of different experiences and models (locally and globally), the center came up with its own model to implement entrepreneurship in a practical and effective manner that would achieve the vision, mission and objectives of the center. This model consists of two phases:
The first stage: the stage of production of the entrepreneurial business:
At this stage, a remarkable preparation, equipping and producing successful entrepreneurial businesses. To achieve this purpose, we must focus on four basic aspects, which are explained as follows:
1- The cognitive aspect: This aspect is related only to the theoretical knowledge of the concept of entrepreneurship, and its purpose is to provide students with information only about entrepreneurship, and the mechanism used to achieve this is the traditional form of lectures in addition to discussions, seminars and research articles.
- The training aspect: This aspect is considered as a complementary to the theoretical knowledge aspect, in which the focus is on developing students’ abilities in creative thinking, as well as providing them with the necessary skills to set up successful entrepreneurial projects. In fact, the unit at the faculty held a number of workshops and training courses to assess the effectiveness of this aspect and to measure the students’ response to it. The results were more than the expected in terms of student turnout and response to the program or the impact after the training period through the projects presented by the students at the end of the courses, it was demonstrated in practice the extent of the benefit of this program and its reflection on their way of thinking and their ability to create good ideas and projects.
- The research aspect: This is very important aspect in entrepreneurship projects, through which it is possible to discover opportunities and identify problems in an organized scientific manner to ensure the production and continuity of entrepreneurship projects in a clear and systematic manner based on stable scientific foundations, especially the aspect of exploratory and analytical research, through which reality and future are properly read. Because of that, the Center started to establish a library for entrepreneurship and started working on collecting books, references and various sources related to entrepreneurship in order to encourage students and researchers to research and study in this field for the purpose of producing research of a creative and innovative nature, nurturing and incubating such distinguished researches.
- The advisory aspect: This aspect aims at providing advices to evaluate the submitted projects in a proper way and ensure their continuity, by providing product consultations and, as well as marketing, promotions, pricing, legal aspects of the project and other factors affecting the success of the project.
The second stage: the stage of financing and implementing of the entrepreneurial projects
It is the stage of searching for in order to fund these projects to implement the projects that were prepared and produced in the previous stage, and the center’s vision for this stage is to establish partnerships with various financing institutions to support and implement these projects, until the university turns into a major sponsor for those projects and thus the unit’s vision for the project is completed, which is (A university that making and incubating an entrepreneurial businesses).