2013 cambridge picti (bic) hassan kassem,chairman of pita

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