ACK organizes the 2nd  Competition for Innovation and Entrepreneurship in Small and Medium Enterprises

ACK organizes the 2nd Competition for Innovation and Entrepreneurship in Small and Medium Enterprises

The Australian College of Kuwait (ACK) organized the 2nd Competition for Innovation and Entrepreneurship in Small and Medium Enterprises (SME). Fifteen teams of students from School of Engineering and school of Business presented a number of small and medium projects, which provides innovative and unique solutions to existing environmental, educational, health and social issues.

Professor Isam Zabalawi - President of ACK- delivered an opening speech on the objectives of education and the significance of the academic programs in supporting innovation and entrepreneurship. He stated that “ACK has always adopted the latest project-based educational techniques, covering on-site visits, and hosted entrepreneurs and specialists in the areas of innovation, SME management and marketing. Furthermore, ACK organizes an exhibition for students’ graduation projects at the end of each semester, where students exhibit their projects based on innovative concepts of scientific applications that serve the community in various fields. Those concepts pave the road for entrepreneur students to convert their creative ideas into real projects.”

Following, Dr. Husain Talafha, Undersecretary of Arab Planning Institute (API), spoke about the role of API in providing courses to support and qualify the entrepreneurs by hosting specialists and experienced entrepreneurs, thus helping the young entrepreneurs acquire expertise from the owners of real projects and benefit from their experience and recommendations.

On behalf of the National SME Fund, Mr. Abdul Aziz Al-Hazzaa spoke about the effective role of the fund in encouraging and supporting the owners of SME’s and the range of facilities provided by Kuwait government to encourage the youth in their projects and become an effective element in building the national economy.

Dr. Hamad Al-Hasawi, Secretary General of Kuwait Banking Association (KBA) stressed that private sector is the main pillar for creating genuine expertise and capacity, and that the initiative to establish SME’s would create entrepreneurs who are capable of facing the market challenges and add value to the national economy.

In an intervention, Dr. Joakim Timlon, Professor of Innovation and Entrepreneurship Strategies from the University of Applied Sciences in Vienna, Austria, stated via Skype that creating an added value for the consumer is through innovation in saving resources and under appropriate circumstances.

During the competition, three youth activities were presented by talented young students in sports and music.

The competition was concluded by honoring the winning projects. Student Fajer Al-Qinai won the first prize as she presented “Every Drop Counts” project, which is based on the idea of water conservation and environmental improvement. “E-Manager” project won the second prize, providing an innovative solution for power saving. The third prize went to the “Care Hub” project, which provided a new approach for booking medical appointments.

Posted on May 22, 2018