Innovation hubs is a project to establish national, community-based, non-governmental organizations (NGOs) to work in the fields related to technology; human; and economic development. It shall be professional groups to make use of the potentials of the following sectors in each community, in the world to achieve optimal efficiency in using the national human, natural, and financial resources, namely:
- Inventors, experts and artisans;
- Financial institutions and businessmen;
- Universities, research and training institutions;
- Businesses and entrepreneurs in production and services;
- Government departments and authorities
Innovation hubs shall conduct and promote innovation, development and dissemination of compatible technologies by practical application of inventions and research findings. Simply, it shall be integrated workshops plus a number of specialized assisting units. It shall bring together pioneers and investors and facilitate the cooperation between them and the society to discover new and better horizons for investment, employment, and production.
Innovation hubs shall create the kernels for investments in the form of pilot project, models, and prototype. It shall execute these activities along with economic, social and environmental assessments. It aims to facilitate and promote the dissemination process, which will be carried out by groups of investors and pioneers in its final economical form for operation.
Innovation hubs shall provide the following:
- Integrated technical backup from national and international experts.
- Documentation and information.
- Funding for the pilot project stage as no-profit loans or securities.
- Assistance Integrated technical assistance in legal and intellectual property protection.
The idea to establish Innovation hubs came as a result to the clear need to ease the difficulties that face any pioneering projects and innovations in dealing with the existing institutions, i.e.:
- Commercial and specialized banks.
- Government departments.
- Private sectors establishments.
- Universities and research centers.
It is clear that despite each of these institutions have appreciated roles in the economy but, unfortunately, and for sensible reasons they are not originally prepared and equipped administratively, financially or/and technically for the role required to bridge the widening gap between science and research at one hand and production and technology at the other. This situation requires a call for establishing a number of organizations to cooperate and compete in this field. There is a great need and necessity to move the geared potentials and reform the traditional practices and institutions to achieve appropriate total development and social welfare. The great achievements and services to the development of humanity by the works of Nicola Tesla are appropriate examples.
In summary, Innovation hubs shall contribute to achieve the following objectives:
- Mobilization of economic and investment environment.
- Contribute in problem-solving and production advances.
- Reformation & integration of traditional businesses, practices and institutions.
- Ensuring optimal utilization of national and international resources.
- Promotion of jobs creation, employment quality, business opportunities, and fighting poverty.
- Enhancing national and international cooperation and understanding.
There are huge amounts of knowledge, markets & capital at any local & international levels. Innovation hubs shall bring people together to access these resources safely and efficiently.
Innovation hubs shall:
- Be independent expert forum for discussing and sharing opinions about all issues related to socio-economic development & ethical professionalism.
- Support the production of testing models, prototypes & pilot projects.
- Provide excellent national & international expert technical assistance & backup.
- Facilitate and protect the exchange of ideas, data & information; as well as the interests of innovators, investors & societies.
- Organize and secure low-profit loans and insurances to fund innovation.
- Provide full & balanced legal protection & assistance for new businesses & ideas.
- Transform the life of communities from technology consumption to technology production.
In brief, Innovation hubs shall help in:
- Production of compatible technologies;
- Principles of ethical professionalism;
- Sustainable socio-economic development;
- Profitable businesses and good jobs.
Types of Projects:
- New material
- Improved material
- New product
- Improved product
- New service
- Improved service
- New process
- Improved process
- New business
- Improved business
- Project title
- Level of engagement
- Problem description
- Literature review
- Proposed solution
- Approach methods
- Essential requirements
- Time frame
- Required budget
- Expected results
- Legal protection
- Technical support
- Documentation database
- Prototype funding
- Laboratory experimentation
- Investment promotion
- Commercial follow-up
- Financial recovery
- Product marketing
- Training feedback
- Inventors and developers
- Government departments
- Research institutions
- Businesses and entrepreneurs
- Public and consumers
- Legislative authorities
- Experts’ pool
- Mass media
- Financial markets
- Innovation hub
Scaling of Projects:
- Strategic priority
- Low budget & short time-frame
- Medium budget & short time-frame
- High budget & short time-frame
- Low budget & medium time-frame
- Medium budget & time-frame
- High budget & medium time-frame
- Low budget & long time-frame
- Medium budget & long time-frame
- High budget & long time-frame
- Feasibility assessment
- Planning processes
- Budget allocation
- Contracting and logistics
- Model production
- Product experimentation
- Business formulation
- Promotion & marketing
- Training & development
- Financial recovery
There is even more productive way than inviting innovators & entrepreneurs. That is the “Proactive” or the “Push” approach. With this method innovation hubs can make the needed initiatives and create businesses, then select potential entrepreneurs and sell the complete businesses to them, not just only the technology.
Even during a period of incubation innovation hubs maintain or outsource the consultancy services to strengthen the chances of success and productivity. So, innovation hubs must consider beside technology production, transfer, and adaptation creating a parallel division for business production, transfer, and adaptation.