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Presentation by Business Start/up Center at the University of Tuzla

Presentation by Business Start/up Center at the University of Tuzla Introduction General info on the Centre Economic environment of the Centre Lessons learned Regional cooperation of SEE Business Start-up / incubator network General info on the Center Facts and figures

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Presentation by Business Start/up Center at the University of Tuzla

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  1. Presentation byBusiness Start/up Centerat the University of Tuzla First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  2. Introduction • General info on the Centre • Economic environment of the Centre • Lessons learned • Regional cooperation of SEE Business Start-up / incubator network First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  3. General info on the Center Facts and figures • Three employees of the Center plus six professors and business consultants. • The main activities are education and incubation. Intent to include research phase • Annual budget approx. 100.000 Euros • Established at the University of Tuzla on 2004, by the financial support of the Austrian Development Agency • Approx 100 students educated in entrepreneurship and 15 small enterprises established First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  4. Economic environment of the Centre Review of economic situation in Tuzla Canton, the Role of the University of Tuzla in development of Entrepreneurship and the reasons why this project is necessary to be an integral part of the University itself. • Low level of knowledge on entrepreneurship • Significant need of students for getting knowledge and skills on entrepreneurship • Average interest in starting up their own businesses First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  5. Economic environment of the Centre • Business start-up center mainly supports innovative ideas based on academic knowledge, IT technologies, engineering, etc. • The registered businesses are mainly located in Tuzla or in the region, not far more then 30 km from Tuzla. One of the businesses is located at the Business Incubator Lipnica. Very locally oriented businesses. • Very small enterprises, 1-3 employees. First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  6. Lessons learned Top 5 achievements • Many students gained additional education from the field of entrepreneurship, • 15 small enterprises established, • Institutional Development of the Center established, • Raised awareness on the importance of entrepreneurial development, • Created education models and well-equipped lecturers and consultants, First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  7. Lessons learned Top 5 (past or future) challenges • Sustainability of the Center, • Financial means limited, • Lack of governmental, cantonal and municipal support, • Entrepreneurship is accounted risky, • Lack of ideas and motivation conditioned by overall economic situation First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

  8. Regional cooperation • Establishing of the functional network, • Exchange of training materials and joint upgrade of curricula, • Exchange of professors and consultants – exchange of know-how, • Expended market possibilities for the students, • Regional business plan competition First Southeast European Business Centre and Incubator Conference 20/21 October 2006 Tuzla

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