The accelerator works to connect the incubator’s beneficiaries with international and local companies and institutions whether to promote their businesses or to find investors, partners or even potential workplaces in the future.
BASMA
SMEs are considered the core of the Palestinian economy because of their fundamental role in the process of economic development. The interest in SMESs has become a target for many developing and industrial countries alike, due to the ability of these projects to contribute and increase GDP and economic growth of the country. Therefore, the cooperation between the Palestinian Ministry of Education and Higher Education, and the Palestinian businesspersons working abroad came out from their interest in the subject of youth in order to reduce their thinking of migration, reduce unemployment rate, and enhance the role of entrepreneurship in the country
Basmaa project comes as an initiative of the Turkish-Palestinian businessmen to support the Palestinian youth. This initiative is led by:
Palestinian businessman in Hungary, Mr. Mazen Al-Ramahi
Palestinian businessman in the UAE Mr. Malik Melhem
Chairman of the Turkish Palestinian Businessmen Union, and the head of Basmaa Program, Mr. Mazen Hasasneh
In order to build the new entrepreneur generation, we need to build small development projects, which strengthen the link between the Palestinian man and his homeland.
The mission is to develop ideas of the Palestinian youth through developing their capacities in the field of entrepreneurship, protecting their national identity, and encouraging creative and beneficial thinking of the community. It establishes entrepreneurial projects for them. In addition to creating a positive working environment, achieve youth professional excellence, or find professional leaders with a strong cultural and scientific awareness, this person must be qualified to face the challenges. This leads to enhancement of the idea of self-employment and self-reliance.
AQRAD
“Your Economy with Us” is an economic, developmental, improvement-oriented, training, and capacity-building program. The objective of this initiative is to stimulate the economy of the Holy City and assist Jerusalem merchants in developing their commercial interests in response to the underdeveloped commercial activity within Jerusalem.
– The provision of financial support in the form of lending is a strategy employed to promote commercial interests in Jerusalem.
– It is imperative to construct a comprehensive plan that thoroughly analyzes the nature of the project and the entrepreneur. This analysis is crucial for identifying the project’s weaknesses and devising strategies to correct its course and ensure its success.
– The entrepreneur is subjected to training within the incubator’s training center, a process that is meticulously tailored to align with the specific requirements of the entrepreneur.
– The focal point of this study is the marketing plans for the projects to be supported.
– A feasibility study is to be conducted for projects that have been submitted for lending.
– In order to ensure the success of the project, it is essential to provide ongoing support following its initiation. This support is provided by the staff of the Jerusalem Center for Technology and Entrepreneurship.
The Your Economy with Us Program is an economic, developmental, capacity-building, training, and empowerment program. Its main objective is to strengthen the economy of the Holy City and support Jerusalemite merchants in developing their businesses in light of the weak commercial activity within the city of Jerusalem.
The lending program primarily targets Jerusalemite merchants within the Old City, followed by merchants in the surrounding Jerusalem villages. Applicants must be between 20 and 60 years old.
The lending program was established in 2018 with the support of the brothers at the Jerusalem Fund and Endowment and in partnership with the Business Incubator at Al-Quds University. The program primarily aims to support and enhance the resilience of Jerusalemite merchants within the city of Jerusalem.
Your Economy with Us is a non-profit program that provides interest-free loans. It is fundamentally an economic, developmental, motivational, and training program, making it a comprehensive and integrated initiative.
The loan application process consists of several stages:
– Completing the loan application at the Jerusalem Center for Technology and Business Development.
– An application fee of 100 NIS, paid upon submitting the loan application.
– The applicant must be the owner of an existing business within Jerusalem.
– The applicant must be able to provide guarantee cheques to obtain the loan.
– The applicant must provide three price quotations for the intended use of the loan.
– The applicant must be between 20 and 60 years old.
– Salary transfer.
– Bank guarantor.
– Personal guarantor.
– Guarantee cheques.
The loan is repayable without interest, with repayment collected at the beginning of each month in coordination with The National Bank. In case the borrower faces any payment difficulties, they must contact the responsible officer at the center.
Capstone
In the past years, the seminar students developed their project ideas and teams regarding to their major or minor specification. Those ideas were not studied enough, and the life of these projects ended with the graduation of the team members. Only a few projects continue and develop to become real startups. The aim of the capstone project is to connect students from different disciplines to create an interdisciplinary project together. The diversity of the team allows to create new ideas and solutions. Students from science, engineering and business department work together to create one project, each discipline adds the needed value to these projects.