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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraqi Entrepreneurship Centre

    jedi17
    jedi17
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    Posts : 10738
    Join date : 2013-02-20
    • Post n°1

    Iraqi Entrepreneurship Centre Empty Iraqi Entrepreneurship Centre

    Post by jedi17 Thu Mar 09, 2017 10:10 pm

    Iraqi Entrepreneurship Centre

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    March 9, 2017 in [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.]

    By Aziz Al Nassiri.
    Proposition
    Even though Iraq is an oil producing country, it is now with 35% of its population living below the poverty line. Unemployment running at 60% among the youth sector (17-25). Almost all important social indicators places the country among the bottom 5% of countries in the world. The country has been in a continuous state of crisis for the last 35 years. The reasons for the current economic stagnation are:

    • Lack of economic policy

    • Corruption at all levels and has become institutional within both public and private sectors

    • The dominance of the state over the majority of economic activities

    • Flight of investment capital outside the country and low level of external investment coming into the country

    • A state of nil or negligible adherence to laws



    Any effort to rejuvenate the Iraqi economy must involve the large scale creation of new job opportunities. Given the lack of funds available, it follows that the only means of increasing economic activities is through entrepreneurship. What is required is a massive number of entrepreneurial projects to be initiated, incubated and supported through a network of organizations dedicated to the cause of successful startups.
    RiTS itself an entrepreneurial Iraqi company, having spent most of 2016 establishing Iraq’s first incubator dedicated to the graduates of Al Mansour University College. Then followed that by establishing Iraq’s first Crowdsourcing gathering, currently hosted on Linked in but shortly to go on the air as an independent self-contained resource that brings together Iraqi entrepreneurs and experienced professionals from around the world to combine their efforts, knowledge and money to support new startups in Iraq.
    This initiative has already led to 2 new ventures being established. A new division within RiTS to produce 3D printed mechanical prosthetic hands for Iraqi disabled children [[You must be registered and logged in to see this link.]]. Also a joint venture involving migrant Iraqis residing in the USA to establish an offshore team of programmers established in Iraq servicing contracts with major US corporations.
    In addition to the above initiatives, we have also carried out efforts to survey the Iraqi entrepreneurship scene. We followed this by holding meetings and discussions with as many players in the field as we can find. This also included meetings with relevant government entities at Ministries of Higher Education & Research, and Labour & Social Affairs.
    The conclusion we reached from all these interactions is that entrepreneurship in Iraq is at its embryonic stage. The oldest initiative [Fikra Space] was only started in 2014. Today we have a number of players working in this field, but they are all working as separate islands. In order to accelerate entrepreneurship we need to create an ecosystem that integrates all efforts, and to focus all our activities on a single objective. That of creating new job opportunities. This is a simple metric that can be easily measured and helps us plan the size and timescale of our activities as individual organizations.
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