Nearly 700 students across the region have worked with INJAZ Al-Arab’s Boeing-supported Start Up program to successfully establish 60 businesses, since the program’s inception in 2009. This year alone, Start Up has supported 23 businesses through incubation and acceleration across the MENA region.
The main aim of the Start Up program was to bridge the gap between entrepreneurship, education and economic success by encouraging startup ventures. With Boeing’s support, INJAZ Al-Arab embarked on creating a Start Up initiative for youth, accelerating their entrepreneurial talent into registered, operational ventures within an intense six-month period combining funding, training, mentoring and business operations. A pilot program was operationalized by INJAZ Egypt. Due to its success in Egypt, the program has been rolled out to in Algeria, Kuwait, Morocco, Oman and Qatar.
“The INJAZ Start Up program is a source of pride for Boeing in the Middle East, as this is an initiative that assists in directly addressing unemployment in the region. The number of businesses established this year demonstrates the ongoing success of this program and its roll-out across the region will help create a sustainable economic environment. By working with established incubators and partners, Start Up has nurtured a wide range of innovative ideas from students across the region and helped them to take the crucial step in launching a company.” said Bernard Dunn, president of Boeing Middle East, North Africa and Turkey.
The program has not only encouraged entrepreneurship, but also ensured that innovative ideas are promoted and brought to life across the region.
“Boeing has helped us to bring the Start Up program to life and transform student business ideas into fully-fledged companies that create jobs and new economic opportunities. Boeing’s corporate incubation model defines a new method of corporate social responsibility in the region, one that must be learned from and replicated in the interest of the region’s young people,” said Akef Aqrabawi, President & CEO of INJAZ Al-Arab.