University Startup Incubator

مؤسسة "Reins" لتقنية نظم المعلومات وإلاستشارات – رينز

Nathiq Information Systems Technology and Consulting – Reins

العربية

العربية

University Startup Incubator

Our management of the six-month university startup incubator provided by Monshaat in cooperation with Qassim University.

University Startup Incubator

OVERVIEW

We have developed a set of incubator-specific tools and methodologies such as:

1- Developing a clear outline of the motivation process, selecting participants and then sorting them based on their level of personal and practical maturity.

2- Conducting the required tests and measurements (inspiration scenarios)

3- Automated incubator management to reduce time waste.

4- Develop a detailed plan for communication, escalation, and results for each stage with the client.

5- Creating detailed weekly, monthly and final reports with the client to facilitate accurate decision-making.

6- Develop an appropriate agenda according to the target group and ways to attract them.

7- The projects were divided among the participants according to the level of progress achieved for each project.

8- Through our experience, we have discovered the true journey of the incubator and what are the best solutions that reflect the overall project outcomes.

Presented solution

Prototype selection time reducedThe time it takes for participants to understand the incubator and enter the entrepreneurial atmosphere is quickly reduced.The best mentors and trainers were selected based on the type of projects to be implemented and quickly launched into the market for testing within the project’s entire duration.11 out of 25 participating projects entered the market after the third month of the incubator.24 projects entered the market in the last month4 of them have employed and established partnerships.7 of them won awards and entered business accelerators before the end of the incubator period.2 of them were classified as innovative manufacturing products.The project supervisor from Manshaat was keen to transfer knowledge of our work, reports and overall management.

Impact

“Thanks to Renz’s incubator management strategy, the time taken for most projects to enter the pilot phase in the target market has been reduced.”

A successful and impressive launch with high flexibility, as attested by the participants, the client, and the university administration.

A special portal has been developed for us to manage incubators, taking into account all the comments that have been processed.

Improved the incubator’s organizational performance by 92%

Improved performance and stability of used solutions by over 84%

217,000 sales volume

Our Client Review

This project served as a beacon of hope for the community, bringing together over 300 participants of different ages and backgrounds to contribute to developing innovative solutions to current social challenges.John