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In a Wamda post on thought leadership, it tackles what makes a good entrepreneurship hub. The article explains that a hub is not so much about the city but rather a "location that can cater to multiple geographies and provides easy access to market".
The post explains that many of the West's hubs and ecosystems were built on the Triple Helix framework principle defined by by Professors Henry Etzkowitz and Loet Leydesdorff in the 1990s. The framework has academics, corporates, and government as the backbone of the knowledge society and innovation.
The Helix has developed into a pentagon where it included entrepreneurs and their capital.
But according to the post, the Middle East contains an essential aspect to ensure the success of a hub - the quality of life. Dubai has excelled in this aspect, while other hubs, such as Egypt and Jordan have managed to create their own talent pool with strong university programmes.
Saudi Arabia has capital but its conservative societal laws are reasons that it lacks attracting talents. Bahrain, while a late starter than Dubai, has focused on fintech hubs.
The post concludes that a hub is an aggregator of companies, talent and capital. It recommends that the region's hubs would do well to work together to offer entrepreneurs different characteristics and focus and a more collaborative environment for success. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"Our small, locally owned businesses are the backbone of our communities.... These assistance programs will help ensure our small business continue to thrive and keep our communities...more
A hospital in San Diego is using artificial intelligence to help doctors more quickly identify patients at risk of sepsis, the San Diego Union-Tribune reports. Dr. Christopher Longhurst,...more
The Old Medical School in Leeds, England, was once one of the country's first provincial medical schools. Now, it's being turned into a "hub for health-tech innovation," per a press release from...more
The Great Lakes region is home to one-fifth of the world's fresh water, but that could soon change. The National Science Foundation has announced a $160 million, 10-year investment in a coalition...more
Foundation: MacArthur Foundation
This year's MacArthur Foundation 100&Change grant competition has a new requirement: applicants must include diversity, equity, and inclusion in their proposals, the Chicago Tribune...more
Foundation: MacArthur Foundation
This year's MacArthur Foundation 100&Change grant competition has a new requirement: applicants must include diversity, equity, and inclusion in their proposals, the Chicago Tribune...more
"Experiential learning is the best way to get at the nuance and complexity of fields like philanthropy or business," Brian Goebel, managing director of Emory University's Business & Society...more
When Balazs Bognar moved to Tokyo from Urbana, Ill., at age 17, he had no idea he'd end up living there for the rest of his life. "He would take me and my mom and my brothers to cities around the...more
Alber Elbaz's fashion brand, AZ Factory, is shutting down, but not in a bad way. Instead, it's launching a new educational program called AZ Academy: Business for Designers, reports Women's Wear...more
Foundation: Central Valley Community Foundation
California's Central Valley is home to 25% of the US' fruits and nuts, and the state's agriculture-heavy San Joaquin Valley alone accounts for 19% of revenue and 14% of gross domestic product, per a...more
Social Entrepreneurship
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Global Companies Appeal for Needed Market Changes in Renewable Energy
Global companies like General Motors, Wal-Mart, Bloomberg, Facebook, Hewlett-Packard, Intel, Johnson & Johnson, Mars, Novelis, Sprint, Proctor and Gamble and REI are calling out for necessary market changes to make it easier to buy and access more renewable energy.
