It is well known that research plays an important role in advancing programs, organizations, systems and so on. The lack of research studies and reports on various important subjects related to Entrepreneurship/the creation of startups work as one main driver for us to conduct research in such subjects. The continuous efforts to improve on what we offer and do in the other two centers serves as another important factor of why we should be conducting research and studies on entrepreneurship. The lack of cases written about local successful entrepreneurs and/or startups that could be used in teaching is yet another important factor for us to have such a center. Hence, the center aims to conduct research studies to assist advancing and improving our institute’s programs and provide case studies for entrepreneurs
Entrepreneurship Case Studies
Entrepreneurship is beginning to gain mileage in Saudi Arabia especially after the announcement of Saudi Vision 2030, wherein, entrepreneurship was mentioned as one of the key drivers the Saudi economy. This calls for a need to educate and motivate Saudi students to take up entrepreneurship. One simple yet powerful way to impart entrepreneurship education to our students is to write business case studies about local entrepreneurs in Saudi Arabia and use them in entrepreneurship classes to enhance student knowledge and learning about entrepreneurship and the various challenges it offers.
As things stand today, there are hardly any case studies about local entrepreneurs and their entrepreneurial journey. One of the biggest advantages of writing local business case studies is that it will enable students to learn about entrepreneurship and its challenges in a local setting rather than using a case from outside Saudi Arabia.
The country’s capability to endorse and support entrepreneurial activity, will aim to thrive its future. There are several international reports are studying the effect of innovation and entrepreneurship on the country’s future. The most famous reports are the Global Entrepreneurship Index, the Global Innovation Index, World Economic Forum, and the Global Entrepreneurship Monitor. A noteworthy element of the Saudi Vision is the job creation and support for entrepreneurs in the Kingdom. Center for Entrepreneurship Studies conducts different technical reports which may help the policy and decision-makers in KFUPM and outside KFUPM .
It is a remarkable annual event in KFUPM. This forum brings global Entrepreneurship experts considered to be among some of the top Entrepreneurship experts in global higher education today and major corporate players along with Entrepreneurs to discuss over the course of a day or two days various topics and challenges in the entrepreneurship. The first six forums were composed of more than 48 talks and 16-panel sessions with the participation of more than 106 international and local speakers and panelists and with the participation of more than 950 including faculty members, students, and guests. Forum sessions spanned a wide range of topics with a focus on entrepreneurial culture in academia, entrepreneurship in engineering university and entrepreneurial mindset.KFUPM Entrepreneurship Forum aims at promoting and accelerating the development of the entrepreneurial ecosystem at KFUPM and regional community. It has been conducted six times. The forums aimed to:
- Introduce the KFUPM & regional communities about the current & future global Academic Entrepreneurship challenges and trends.
- Spread awareness of international efforts in promoting entrepreneurship in academia.
- Bring awareness of international efforts to build university entrepreneurial ecosystems.
- Explore the issues characterizing academic entrepreneurship and understand the contemporary relations between academia and business in engineering-based universities.
- The core mission of the university in building entrepreneurial mindset.
Currently, the center is conducting number of surveys aim at evaluating the level of entrepreneurial & business propensity and perceptions on entrepreneurship within KFUPM faculty and students. These are on-line surveys (launched during September and kept until October 26 just right before the Entrepreneurship forum). The surveys are planned to be repeated every year so more thorough analysis can be made to reflect the advancement of the evolving entrepreneurial ecosystem.
The survey main objectives are as follow:
Chair Professor Initiative
As part of EI initiative for enhancing and accelerating the demand of developing entrepreneurial mindset. EI is hiring a chair professor in collaboration with Saudi Aramco. The Entrepreneurship Institute chair professor vision is to position KFUPM Entrepreneurship Institute as a leading institution known for its high impact entrepreneurial educational programs & studies on the regional entrepreneurial ecosystem. The chair professor position accelerates the advancement of KFUPM Entrepreneurship Institute educational programs & studies.The position objectives are to develop:
- Research that explores the unique capabilities and circumstances of regional entrepreneurs.
- Oral and written history projects profiling significant living regional entrepreneurs including cases and stories. Entrepreneurship education and training programs that reflect regional values and perspectives.
- International conferences on scholarship that focuses on regional entrepreneurs.
The position key responsibilities are:
- Help in building the institute and recruit other qualified scholars/professionals.
- Teach entrepreneurship courses, minor degree courses, short courses and business incubation programs.
- Conduct studies on KSA and regional ecosystems, entrepreneurial mindset development, entrepreneurial leadership, local entrepreneurs’ behaviors, etc.
- Write and teach case studies about local entrepreneurs.
- Write books and text-books on Entrepreneurship reflecting the regional values and perspectives.
- Plan and prepare for envisioned international KFUPM entrepreneurship conferences.
- Develop, organize and deliver workshops, seminars, webinars, etc.