YBH Malaysia Innovation & Entrepreneurship Development Center Initiatied

YBH Malaysia Innovation & Entrepreneurship Development Center Initiatied

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ICYF & Ministry of Entrepreneur Development of Malaysia agreed to establish Entrepreneurship Development Centre in Malaysia which the Ministry will provide all required logistical arrangements, including the technical infrastructure and the requisite expenditure for the effective operation of the Centre, while ICYF will send start-ups and Entrepreneurs.

 

ISLAMIC CORPORATION YOUTH FORUM (ICYF)

The Islamic Cooperation Youth Forum is dedicated in addressing the needs and challenges of youth throughout the OIC geography, by mandate of the Organization of Islamic Cooperation Member States as a mandated institution affiliated to the OIC in accordance with resolution N3/32-C adopted by the 32nd session of the Islamic Conference of Foreign Ministers held in Sana’a, Yemen on 28-30 June 2005.   

The Islamic Cooperation Youth Forum is dedicated in fulfilling its mandate, as set down in the OIC Youth Strategy, adopted at the 4th Islamic Conference of Youth Sports Ministers held in Baku, Republic of Azerbaijan (17-19th of April 2018) and further endorsed by 46th Session of the OIC Council of Foreign Ministers (Abu Dhabi, United Arab Emirates 1 – 2 March 2019).  

 

YOUNG BUSINESS HUB

The Young Business Hub is a unique multiphase entrepreneurship platform that offers young entrepreneurs from the OIC Member States and Muslim minorities in Non-OIC Countries the opportunity of online and offline trainings in related fields and to be matched with the specifically chosen investors both on online platforms and in a yearly summit.  

Within the context of YBH, the following events were organized in cooperation with other partners namely; Kazan OIC Youth Entrepreneurship Forum, Take off Istanbul Summit, World Entrepreneurship Investment Forum, International Vocational Education Program. 

 

 OVERVIEW OF THE CENTER 

ICYF & Ministry of Entrepreneur Development of Malaysia agreed to establish Entrepreneurship Development Centre in Malaysia which the Ministry will provide all required logistical arrangements, including the technical infrastructure and the requisite expenditure for the effective operation of the Centre, while ICYF will send start-ups and Entrepreneurs.

The centre will be start-up and Entrepreneurship Development Centre of excellence, which will offer trainings for the selected outstanding start-ups and SMEs of OIC Member states and Muslim minorities in Non OIC Country. In connection to this, ICYF will collaborate with leading international institutions to leverage the quality of trainings. 

 

 AIM 

The major aim of the project is to train young entrepreneurs. Including start-ups and SME’s focused on innovation from OIC Member States and Muslim communities of non-OIC Member States on innovation and value creation, while helping to create role models and providing formal education. 

 

OBJECTIVES OF THE YOUNG BUSINESS SUMMITS 

The Center aims to achieve following objectives; 

  • Offering sustainable development, opportunities for OIC member States by creating effective reinforcement for young Muslim entrepreneurs. 
  • Responding the demand   of qualified people, who will support projects and investment of local firms and NGO’s in the target countries. 
  • Decreasing the overall unemployment rate among Muslim youth which is one of the crucial problems in OIC geography.  
  • Training potential entrepreneurs and skilled workforce who will contribute to the development process of their own country and region. 
  • Creating a market place for tech-start-ups and innovative SME’s, and provide visibility at global level. 
  • Increasing the overall economic integration rate, by bringing together investors and entrepreneurs from different OIC Member States. 
  • Increasing the overall job supply in OIC Member states by establishing a rigid ground for the creation of new companies. 
  • Increasing overall knowledge and the know-how level of Muslim entrepreneurs, in a bid to prepare them for intense global competition. 

 

EXPECTED STARTUPS FOR SMALL MEDIUM ENTREPRISES 

Verticals of start-ups and SMEs are; 

  • Greentech start-ups: shall focus on clean energy, clean production and promoting eco-friendly zones. 
  • Smart city logistics; decision to support platform for urban logistics. 
  • Aerospace, is the primary field of engineering concerned with the development of aircraft. 
  • Fintech; refers to the integration of technology by offering financial services to companies in order to improve their use and delivery to consumers 
  • Food and Agricultural Start-up. 
  • Health Sport and wellness 
  • Education and future employment.  
  • IT Tech. 

 

THEMES AND ACTIVITIES OF THE CENTRE: 

Building Capacity and Innovation  

The shift to sustainable knowledge economies and higher levels of development cannot move forward without addressing the innovative and constructive potentials of OIC youth populations. Youth are considered to be a strategic human capital in terms of development and state building, while presenting a vulnerable front in the absence of policy and strategic support to constructively empower youth in the building and transformation of OIC member states.  

 

Entrepreneurship 

Building capacity of youth to pursue small and medium sized ventures is essential to develop a robust, innovative and creative economy, and a precondition to attract more foreign direct investment. Providing soft and hard skills necessary to pursue self-actualization, would directly combat unemployment and challenges associated with low employment and poverty. 

 

Vocational Educational Training and Entrepreneurship Development (VETED) 

The VETED aims to assist participants in reinforcing and developing their cooperation and relations by improving the quality of manpower and training. This will also strengthen the cultural cooperation to realize short-term programs and transfer the knowledge acquired among communities.  

 

The VETED targets to reach following goals and objectives; 

  • To provide professionals and training programmes for empowering local trainees. 
  • To train potential entrepreneurs and skilled workforce who will contribute to development process of their own country and region. 
  • To meet the needs of qualified people who will support projects and investments of local firms and NGOs in the target countries.  

 

PARTNERS:  

Ministry of Entrepreneur Development of Malaysia (Host) will provide all the required logistical arrangements, including technical infrastructure and requisite expenditure for the effective operation of the Centre. 

ICYF as the implementing agency of the centre will ensure effective implementation of the entrepreneurship development programs. ICYF will exert its efforts to provide leading start-ups and vet candidates as well as offering top level educational programs in collaboration with special partners.  

 

SPECIAL PARTNERS IN THE PROJECT 

The Center will cooperate with following institutions; 

  • Islamic Development Bank 
  • United Nations Industrial Development Organization (UNIDO) 
  • Islamic Chamber of Commerce Industry and Agriculture (ICCIA) 

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