Page 71 - JTI News_7
P. 71
JTI News – أخبار المعهد
The IDC at JTI Received a License of Business Incubators from
the General Authority for Small and Medium Enterprises (SMEs)
The Industrial Development aimed to obtain the facilities pro- the license in the eastern prov-
Center (IDC) of the Jubail Tech- vided by SMEs and its partners ince after the “Sahabit Al-Imam”
nical Institute (JTI) of the Royal from government and private which is part of Al-Imam Univer-
Commission for Jubail obtained sectors. As well as, identifying sity in Dammam and “Business
the license of business incuba- the needs and requirements to Incubators” in Al-Ahsa region.
tors from the General Authority support and sustain the entre- It is worth to mention that IDC
for Small and Medium Enterpris- preneurship sector. The license specializes in supporting entre-
es (SMEs) which was established was required for a number of preneurs and business leader’s
in 2016. Its objectives are to reg- conditions, including: submit- male/female to develop their
ulate the small and medium en- ting a plan of action containing ideas and businesses within an
terprises sector in the Kingdom a feasibility study, and describ- industrial environment. Also,
and to support, develop and ing the activities of the business IDC acts under JTI which aims to
sponsor it according to the best incubators and their services. provide qualified graduates the
international practices. Also, to In fact, IDC is one of the first in- opportunity to be part of the
increase its contribution to GDP cubator organizations across the industrial sector in addition to
from 20% to 35% by 2030 country to receive the license; the possibility of adopting their
Therefore, IDC joined the first as well as, the first incubator for ideas of entrepreneurs and their
Saudi network of incubators, entrepreneurship in the area projects. Further, the vision of
business accelerators and joint of Jubail. Moreover, the IDC is the IDC is to become the leader
works spaces. The license is the third organization to obtain in the Kingdom when it comes
to embrace and develop ideas
whether in industrial sector or
service sector etc. As a result,
small/medium entrepreneurs
will support industrial societies
and create new job opportuni-
ties. Therefore, IDC mission to
support the growth and sustain-
ability small and medium-sized
enterprises by providing an
industrial incubator or service
environment that encourages
the transformation of their ideas
into real project.
71 71 Jubail Technical Institute
