34th IASP World Conference on Science Parks & Areas of Innovation
Title:
Wadi Makkah Startups Services Model
Billede:
Document type:
Conference Paper
0.00 €
- AuthorsFullNameWithTitle2:Mohammad Ibrahim
- Co-authors
- PublisherIASP
- Publication dateSeptember 2017
- Place of publicationIstanbul, Turkey
- Number of pages0
- Keywords
- Technology sectors
Description:
This paper describes the delivery model of Wadi Makkah (WM) start‐ups services based on a start‐ups value chain that is both Lean and Agile. Lean emphasize developing an MVP for early market entry toevaluate start‐ups potential as early as possible. It is agile (dynamic) as it is program/process driven notentity/structure driven, and hence entities are activated when needed. This allows managing resources (especially financial) efficiently by deploying when and where they are needed.In addition to early market entry being key to validating start‐ups potential, another important lesson isthat higher investment in services for start‐ups can only be justified if the product is based on a platformthat can lead to several other products (downstream) to ensure market growth and scalability. Anotherlesson is that developing local talent is key for sustainability, but also attracting non‐local talent toleverage non local resources and new markets.
- Conference name34th IASP World Conference on Science Parks & Areas of Innovation
- Conference themeScience Parks and Natural Innovation ecosystems: articulating future strategies
- LocationIstanbul, Turkey
- Conference start date26 September 2017
- Conference end date29 September 2017