Amman - Middle East University's Innovation and Business Entrepreneurship Center organized a lecture on funding growing projects, conducted by Mr. Mohammad Tamally, CEO of Miami Business Center, within 100 Days: Business Accelerator programme that targets business entrepreneurs from inside and outside the University.
The researcher discussed the nature of growing projects and the reasons behind their foundation, clarifying at the same time the means of attracting investments. The conception, which became a global trend upon the dot-com bubble in 2000, resulting in the foundation of numerous companies, was reviewed. Moreover, the lecture was attended by Innovation and Business Entrepreneurship Center’s Director, Dr. Abdulrahman Zuraik, in addition to a number of teaching and administrative staff, as well as a number of students.
The researcher presented a set of methods and means of funding small projects, one of which is business incubators that represent the first to-go-to funding option. Furthermore, there are banks and self-funding, as well as group funding that is carried throughout platforms that connect investors with capital holders on one hand, and innovators and entrepreneurial projects’ founders on the other, in exchange of benefits gained by platforms and investors who attain a percentage of the projects’ profits.
It is worth mentioning that Innovation and Business Entrepreneurship Center at Middle East University has recently inaugurated the first stages of 100 Days: Business Accelerator programme that targets business entrepreneurs inside and outside the University, in order to spread the culture of entrepreneurial businesses and innovation, and develop students’ creative capabilities to enable them of finding successful start-ups.
The Middle East University was founded in 2005 as a Graduate Studies University with twelve specializations. Towards the beginning of the academic year 2008-2009 the university opened twenty specializations for both Graduate and Undergraduate students with the ongoing growth in staff and students.