The Research Entrepreneurship

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Prepared By:

Tarig Ahmed Khalid, PhD , PMP, CBAP, SMIEEE

CEO, Blue Ocean Systems – UAE

Basic Definitions 1

Research Entrepreneurship 2

The Big Picture 3

Research Entrepreneurship Ecosystem 4

Entrepreneurship:

‒ Is the process of starting a business, a startup company or other organization.

The Entrepreneur:

‒ Is the person who:

1. develops a business plan

2. acquires the resources

3. manage the growth of the business.

‒ The entrepreneur is fully responsible for the success or failure of the business venture.

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1. Basic Definitions

1. Business Entrepreneur:

‒ Has an idea for a new product or service

2. Trading Entrepreneur:

‒ Undertakes trading activities

3. Industrial Entrepreneur

‒ A manufacturer, who tailors a product or service to meet the marketing needs.

4. Social Entrepreneur:

‒ Is a person who considers a positive return to the society.

5. Research Entrepreneur:

‒ Is a researcher who converts the results of his/her research into a business venture.

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Traditional universities teaching and academic research.

Recently, many universities become entrepreneurial

They accepted the concept of realizing commercial value from academic research.

‒ Researches Products Spin-offs

Examples:

‒ The Swiss Federal Institute of Technology (ETH Zurich) created 414 spin-off companies until the end of 2019.

‒ MIT Spinoffs 25,000+ Active Companies Founded by MIT Alumni and Faculty, 1865–Present

‒ Malaysian universities are expected to create 80 spin-off companies per year by 2020.

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2. Research Entrepreneurship

We live in the era of the KNOWLEDGE ECONOMY

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Research is not a kind of luxury

Research has a significant contribution to:

‒ Revenues for the companies, universities, individuals

‒ GDP for the countries

Many third world countries have made a huge leap due to their investments in the R&D South Korea, India, Brazil, and Turkey

India Example:

‒ Foreign Direct Investment (FDI) in ICT is 33.36 B$ between 2000 and 2018.

‒ IT Exports: 137 B$ in FY19 (26% of the national exports).

Sudan Exports in 2019 = 4.3 B$

3. The Big Picture

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Universities

Industry

Products & Services

Research Entrepreneurship

Business needs:

1. Capacity building Researchers (different backgrounds) Business & Management

2. Continuous R&D

3. Infrastructure Production

4. Legal framework Intellectual properties & contracts

5. Policies

6. Partnership Business Model

7. Funding

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9 Universities Private Sector

Government

1. Business projects and ideas

2. Funds

3. Business capacity building

1. Research

2. Research capacity building

1. Laws & Policies

2. Lands

3. Funds

National Technology Parks

1. Nation-wide awareness Vision

2. University-wide awareness

3. Research methodology curriculum

4. Serious research activities

5. Bridging the gap between the universities and industries

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4. Research Entrepreneurship Ecosystem

Research

Entrepreneurship

1. Stimulating the development of

entrepreneurial talent courses & supportive activities (Ex. Competitions, industrial training)

2. Laws and policies to promote investment in research-oriented business

3. Incubators Techno-parks

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National Steering

Committee

Higher Education & Sci.

Research Ministry

Sudanese

Business Federation

Government

Entities

1. M. of Finance

2. M. of Justice

SMEs

1. Setting up the business model

2. Required laws and polices

3. Required market & technical

studies

4. Business plans

5. Funding

6. Infrastructure needed

7. Contracting procedures

Tasks

Let’s Move On

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Thank You