Creating Small Enterprises through Entrepreneurship Development By Dr. Hashim Hussein Head, UNIDO-ITPO Bahrain
Arab Regional Centre for Entrepreneurship & Investm Training (ARCEIT) Background & Concept n Officially inaugurated February 2001 n Through joint efforts of UNIDO, the Kingdom of Bahrain and the Inter Regional Centre for Entrepreneurship & Investment Training (IRC) implemented by Entrepreneurship Development Institute of India n Operates with the objective of developing & strengthening indigenous capabilities of developing countries in the Arab region n Offers a unique model of services to budding small entrepreneurs n ARCEIT network
Programs offered by ARCEIT Institutional Level n Training of trainers for “Entrepreneurship Development & Enterprise Creation Programme” n Developing Resource Persons for Enterprise Growth n Strategic and Production Management of Industrial Enterprises n Industrial Project Identification, Preparation and Appraisal Entrepreneurial Level n Enterprise Creation Programme n Technology Management n Quality Management n Control Management Systems
Entrepreneurship Development & Enterprise Creation Program (EDECP)
The Concept Capacity Building Services Pre- Entrepreneurship Development & Enterprise Creation Program Counseling & Technology Tie-up Leading to a full-fledged JV Investment Phase Financial Linkages Business Development Services & Advisory for Business Growth Including Establishment of Business Incubators & Technology Park Operational Phase
Step 1 -Capacity Building Services n n “Entrepreneurs are not only born but can be trained and developed” The training process is result-oriented, the potential entrepreneur is expected to set-up his own business enterprise appropriate to his abilities Potential entrepreneurs are identified and selected through a scientifically evolved selection process involving personality & commitment assessment through written and personal tests Course Outline n Setting up a small enterprise (rules, procedures, formalities) n Business opportunity identification (screening, firming-up) n Market assessment n Entrepreneurial competencies (strengthening soft skills) n Business plan n Essentials of managing a small enterprise n Inputs on how to implement a project
Step 2 -Counseling & Technology Tie-up Leading to a full-fledged JV n n Assisted in n Finalizing their business ideas n Developing their own business plans n The process of project implementation n Technology tie-ups n Business partnerships (Joint Venture collaborations) n Seeking necessary licenses and completing legal documentation The duration of this process depends on the needs of the respective entrepreneur as identified by the business counselor and the entrepreneur
UNIDO Investment & Technology Promotion Network
Step 3 -Financial Linkages n n n Appropriate financial linkages is identified based on project requirements and entrepreneur investment capability Need based advice and support is provided by the financial counselor “Venture Capital Fund for Selected Arab Countries” established in cooperation with the Kuwait Finance House
Step 4 -Business Development Services & advisory for Business Growth Including Establishment of Business Incubators & Technology Park n n Essential linkages are facilitated with institutions dealing with infrastructure operators Guidance and support on issues related to procurement, installation and commissioning Business Counselor and Financial Counselor closely monitor the project implementation process Projects requiring basic infrastructure services offered by the business incubator and are found suitable, are selected and facilitated to operate from the incubator
EDECP Achievements-Bahrain & Jordan Bahrain Enterprises Created Breakdown Services 57% Manufacturing 43% Jordan Enterprises Created Breakdown Bahrain Jordan Services 61% Manufacturing 39%
EDECP Regional Linkages n Entrepreneurship Development & Enterprise Creation Programme n n n Kingdom of Bahrain Jordan Training of Trainers n n Kingdom of Saudi Arabia n Syrian Arab Republic n Sudan n Home Kuwait Yemen
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