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SMALL AND MEDIUM ENTERPRIZE (SMES) & ENTREPRENEURSHIP DR. ABDULLAH O. BAFAIL, DEAN FACULTY OF ENGINEERING KING ABDULAZIZ UNIVERSITY. Outline. Why SMEs? Readiness For SMEs! Entrepreneurship Program Global Trend Faculty of Engineering, KAU Entrepreneurship Experience

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  1. SMALL AND MEDIUM ENTERPRIZE (SMES) & ENTREPRENEURSHIPDR. ABDULLAH O. BAFAIL, DEANFACULTY OF ENGINEERING KING ABDULAZIZ UNIVERSITY

  2. Outline • Why SMEs? • Readiness For SMEs! • Entrepreneurship Program • Global Trend • Faculty of Engineering, KAU Entrepreneurship Experience • Recommendations

  3. Why SMEs? • Reduce Unemployment • Increase Productivity • Contribute to the GDP • Reduce Dependency on imports

  4. SME Economical Impact • SMEs represent over 95% of enterprises in most countries and generate over half of private sector employment • In the EU, SMEs account for 66% of employment • Asia Pacific Economic Cooperation (APEC) targeting 2020, having 81% of the people and 66% of the people employed by SMEs • SMEs in Saudi Arabia represent almost 93% of total enterprises and account for about 25% of employment Source:Organization for Economic Co-operation and Development (OECD)

  5. READINESS FOR SMES!

  6. INVESTMENT ADVANTAGE IN KSA • Largest market in the gulf • Stable currency • Availability of financial institutions

  7. Is the Society Ready? (1/4) • A survey was performed to study the acceptance of entrepreneurs (not employees) by four groups of the society including: • Males (40 and 60 years old) (n = 215) • Females ( 40 and 60 years old) (n = 202) • Males (22 to 39 years old) (n = 277) • Females (22 to 39 years old) (n = 209) • The survey consisted of 12 questions

  8. Is the Society Ready? (2/4) • Would you encourage your son/daughter or brother/sister to start his/her own business?

  9. Is the Society Ready? (3/4) • Would you accept an entrepreneur (not an employee) to marry your daughter or son?

  10. Is the Society Ready? (4/4) • If you are employed, would you be willing to quit your job and create your own business?

  11. Regulations (1/2) 19 12 12 No. of Procedures To Setup a New Business 8 5 2 Australia Saudi Arabia Croatia USA UAE Chad Source: International Finance Corporation (IFC) – World Bank Group 2005

  12. Regulations (2/2) 956 No. of Days To Setup a New Business 75 64 54 5 NOT TO SCALE 2 Australia Saudi Arabia USA UAE Croatia Chad Source: International Finance Corporation (IFC) – World Bank Group 2005

  13. Promoting SMEs • Ease of Regulations • Development of new policies to protect small investors • Promote entrepreneurship culture

  14. ENTREPRENEURSHIP PROGRAM

  15. Why Techno Entrepreneurship?Initiative The Faculty of Engineering took the initiative to prepare the first academic entrepreneurship program in the Kingdom

  16. XTraditional culture X Follow instructions X No mistakes or failure X Do not take initiative X Stay within your sandbox Entrepreneurial culture Create Experiment Take responsibility Ownership Paradigm Shift

  17. Engineering Entrepreneurship Implementation – USA (1/3) • On a Department Level – A course • Drexel University – Biomedical Engineering • Muhlenberg College – Software Engineering • On a college level – A course • Georgia Institute of Technology • University of Maryland • University of California, Irvine

  18. Engineering Entrepreneurship Implementation – USA (2/3) • On a University Level – Multi discipline entrepreneurship courses • Duke University • In addition to an engineering entrepreneurship course (TechEval) with a mission to “transfer technologies from the university to the world)

  19. Engineering Entrepreneurship Implementation – USA (3/3) • On a University Level – An entrepreneurship center • University of South Florida • promoting interdisciplinary technology entrepreneurship linking business, engineering, science and medicine across the USF Graduate Certificate in Entrepreneurship and Master of Science Degree in Entrepreneurship in Applied Technologies.

  20. Entrepreneurship Course Components Enterprise Entrepreneur Training Components Environment

  21. Engineer Development Roadmap Introduction to Engineering Design - Reverse Engineering Capstone Design Entrepreneurship Idea to the Market Soft Skills Business Skills

  22. Career Choice Employee Engineer Intrapreneur Entrepreneur Nascent Entrepreneur

  23. Active Learning Environment

  24. Active Learning Environment

  25. Prototype

  26. Recommendations • Universities should lead an entrepreneurship awareness campaign among its constituents • Entrepreneurship should be promoted in the curriculum among engineering students before graduation • Special and new regulations and policies should be established to protect and reduce the burden of entrepreneurs starting new businesses

  27. THANK YOU

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