2013 cambridge picti (bic) hassan kassem,chairman of pita
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PICTI 2.0: Business & Innovation Centre (BIC)
INNOVATION, CREATIVITY, INGENUITY @ PALESTINE
PICTI 1.0:-2004 – 2012: Physical Technology Incubator in Ramallah-Limited number of successes and impact (# of companies)-Gaza – Virtually-Business Advisors – full time staff members!-Recovery Model: up to 40% equity shares (high!)
PICTI 2.0 (BIC):-Announced: June 2012-Business & Innovation Centre – Pi2
- PICTI- Pre-incubation- Acceleration
-Innovation: model, design, and pipeline-Non-IT and R&D-Recovery Model: up to 10%
Why BIC?
• Accreditation against the EC-BIC Quality Criteria• Internationalization: soft-landing and co-
incubationThe business model:• More pipeline and projects (mass) • More successes are expected• Lower risk and investment (SF)• Potential in Gaza• Social factor and more beneficiaries• Potential in non-IT and R&D projects
• Innovation assessment• Business Plan elaboration• Business Modeling• Training
Pre-incubation
• Access to Finance• Coaching and
Mentoring• Hosting• Training• Commercialization
Incubation• Innovation Diagnostics• Intl Support• Commercialization• Clustering• Financing
Acceleration
Hybrid Model – Pi2
Business & Innovation Centre - BIC
Incubation / Acceleration Model
• Business Idea / Concept• Pitching• Assessment and Selection
~ 75 Concep
t
Outreach, Activities…
• Training• Boot camp• Business Model• Presentation & Pitching
Selection
~ 50Projects
• Validation• Prototype• Business Plan
• Validation• Prototype• Business Plan
• Business Services• Mentoring• $3K - $5K
• Business Services• Mentoring• $3K - $5K
Pre-incubation (Physical & Virtual) ~ 3 Months
Investment
Committee
~ 25 Startup
Incubation & Acceleration < 6 Months
(Mentoring, Marketing, Access to Finance…) FUNDING
GraduationGraduation
Pipeline
~ 100 Ideas
How does it work? The model
• Partnership with universities• Continue with the outreach program• Many tools (Intel, ESCWA, BEF at Expo, HTH, MS IC …)• Jury panel (>10 members) • 5 rounds of evaluation so far• Decentralization and females• 100 day business incubation/acceleration agreement• Palestine Network of Mentors (46 members so far)• Partnerships with regional and international bodies
• Mowgli, YEN, ESCWA…
• As a result, 39 projects are incubated now (15 in Gaza and 24 in West Bank)
• Launching of the Palestine Business Angel Network
• Establishing of the Innovation Lab• Fund (Ops & SF)• Expand Stakeholders Network in WB & Gaza• Expand the Network of Mentors• The untapped resources: Diasporas for the
above• Re-(Branding, Imaging & Positioning)• Launching of the co-incubation & soft-landing…
Focus:• Mobile Tech, Apps & Content incl Gaming.• Digital Arabic Content (DAC) • Jerusalem
What next? What is needed?What next? What is needed?
OurOur Vision:Vision:
PICTI [BIC] – the fully acknowledged and endorsed innovation-based Accelerator & Business Innovation Centre of Palestine!
An agent of economic, cultural and social change
Thank You!
[email protected]/PICTI.BIC