Business Incubators : Registration Process

   

     Registration Mechanism

       Criteria for project approval

The intended of standard of excellence in project idea

    Terms for applying to embrace a project.

How we support projects

 













 

Business Incubators : Registration Process

1 - Registration in Projects Incubation Program requires completing an application form to incubate an electronic project. Model components are: personal information, project proposal and feasibility study. Registration can be by entering in the link request to incubate a project or inquiring about an earlier request in E-services page on the incubators page on electronic site of the System.

-  To get Feasibility Study Questionnaire see Resources in the  Support Center

2- Submitting the application to the Committee to  gain the authorization

 The request will be evaluated electronically by the Committee on the basis of the Projects Authorization Criteria and the applicant can follow the status of his application electronically. 

3 - Evaluation and initial selection

 This can be done by entering in the link request to incubate a project or inquiring about an earlier request - as explained in step 1 to identify the extent of which the project gained the initial approval or selection, then the applicant have to prepare for the next step.

4 – Providing a Presentation for the project and features analysis test

* Performing a presentation for the project in presence of the Committee for a period of thirty (30) minutes (maximum),

 See Resources at the Support Center: our resources @ our Support Center

 - Project Presentation Form-Template Presentation

 

- Passing analysis of personality traits test,

 - See Resource at Support Center      our resources @ our Support Center

- Analysis of personality traits test -Thomas Test

- Why traits analyses test?  

 

5-Committee Evaluation of the project 

 

The project is evaluated by the Committee. In the event that the project is approved, the applicant is required to provide action plan of outlined in the following point:

6 – Providing the Action Plan

 A detailed Action Plan should be provided within two weeks of receipt of notification of approval.

You can access to the  resources at Support Center   our resources @ our Support Center: located in the Incubator page on the Website of the System, and to take advantage of the following information:

 Action Plan Template -

 

How to write an action plan?          

 

 

  Executive Summary Handbook –

 

7-Pre- Incubation Phase

In the event of approval of the action plan the applicant will be notified of reaching the stage of Pre-Incubation and pre-set period of three (3) months in which the participant is exempt from fees associated financial security and the amount of participation and the period of Pre-Incubation includes the following:

 

 

7-1 - rehabilitation and training associated Training and Orientation is affiliated with the rehabilitation and training on how to prepare a feasibility study and preparation of the budget; of the working sessions collectively, lessons and courses in how to manage projects and work orientation sessions are required.

 

 

7-1 - Training and Orientation for the Participant

- The participant is rehabilitated and trained associated Training and Orientation is affiliated with the rehabilitation and training on how to prepare a feasibility study and preparation of the budge through collectively working sessions, lessons and courses in how to manage projects management and to perform required orientation sessions.

 

7-2 - Credentials Completion

In this stage the applicant to be helped in completing the documents that has not been done which are necessary to start the project.

 8- Feasibility Study Validation

Feasibility study to be examined by expert team and  it is allowed to get an aid from members of Home of Expertise in the System and if it is accepted thus the applicant gains the final approval this enables him to move to the next step.

 

9- Contracting

 Financial security has to be paid, after that the contract will be signed the and then the receipt of the Office and obtain the required support. Term association a maximum of three years >>>   Congratulations

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       Project Approval Criteria

- the applicant must meet the terms of the request to incubate the project.

-   The idea of the project to be distinct, viable and with need and direct application in the community.

 The applicant (applicants) should prove that their ability and enthusiasm to towards the implementation of the project.

The project has to be related to service or industrial sectors.

-  There must be a strategic detailed action plan and integrated by the operators of the project include marketing, technical and financial studies [type of activity and its nature - its objectives - requirements of its implementation (such as the space required, the number of employees or workers, the volume of

investment and estimating the value of the required funding)]

 Maximum period of Association three years during which the project has to independent or to be moved to one of the other entities of the System.

- To provide a preliminary economic feasibility study for the project, the extent of its development effectiveness and community service as well as the national economy.

Meeting the requirements of Pre- Incubation period or not.

Providing a report on the financial position and financial capability.

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         What is intended of criterion of excellence of in project idea?

 

 - Availability of raw materials of the project and its reliance on locally available resources.

 

-Possibility of marketing the products of the project.

 

-          Originality and innovation, to have a development component, adaptation or competitive relative advantage contribute to reduce cost, increase performance of the product efficiency and improve its quality.

-          There should be a demand for the product and an expectation of its continuity - that the product be able to encourage complementary industries forward or background.

-          Project products should depend on cultural heritage and technical skills, manual or high-tech managed to find a link between the functional value of the product and the heritage value or modern technology values.

- The project has to possess elements of Exponential Growth.

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To be one of  students or graduates of King Abdulaziz University. -

-To be a Saudi national .

- He should commit of attendance time at place of the Incubator.

- He has to be not committed with a job at private sector enterprises or government institutions.

- In case there are partners all of them must be students or graduates of King Abdulaziz University.

 - The project has to be prepared by the applicant and he can use of all or a part of a study or a project that he has used in preparation as a requirement of an earlier study and must obtain written permission from his colleagues who shared in that study or project to allow him to use it in the incubator.

 - Executive Committee determines any additional terms to differentiate between applicants such as the identification of Years of seniority and so on.

- Everything is not on the above applies systems, regulations and instructions of the university.

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          How to Support Projects!

Last Update
1/9/2009 3:16:47 AM