Dubai International Academic City and TiE Dubai Sign MoU to Form Student Chapter
Initiative Serves to Encourage Entrepreneurial Spirit among Youth
Dubai-UAE: 29 April, 2011 – Dubai International Academic City (DIAC), the region’s premier destination for higher education and a member of TECOM Investments’ Education Cluster, today announced it has signed a memorandum of understanding (MoU) with The Indus Entrepreneurs (TiE) Dubai, the local chapter of US-based non-profit organization established to promote entrepreneurship globally.
The agreement has led to the launch of the TiE Students’ Chapter, an initiative that aims to encourage entrepreneurship among the next generation of students. As part of the outreach, TiE aims to provide university students with access to mentors, speakers and business professionals with a view to promoting innovation and instilling business sense among the youth.
Dr Ayoub Kazim, Managing Director, TECOM Investments’ Education Cluster, said: “The competitive business landscape today warrants the need to educate the youth, enhance their skills and inspire them to develop strong business ideas that will propel them in the right direction for the future. DIAC’s partnership with TiE Dubai reiterates our commitment to contributing to the region’s economy through guiding and shaping the workforce of tomorrow.”
The partnership with TiE Dubai comes in line with TECOM Investments’ continued efforts to encourage entrepreneurship and builds upon its earlier initiatives such as TECOM SME Builder and the Dubai Knowledge Village Training Open Week that benefit the business community. Further, under the DIAC umbrella, international universities such as the Manipal University, Herriot-Watt University, Institute of Management Technology (IMT) and the American University in the Emirates offer globally competitive business courses.
Prashant K. Gulati, Trustee, Global Board of TiE and former President, Tie Dubai, said: “TiE has remained at the forefront of fostering entrepreneurship across the world, and Dubai is at the centre of its Middle East activities. The establishment of the TiE Students’ Chapter in Dubai will enhance our engagement with budding young entrepreneurs early on in their professional life.
“We are confident that the initiative will encourage emerging businesspersons to consider their ideas and passion more seriously and build strong innovative skills. We aim to fully utilise the extensive TiE network of experts to provide students at Dubai International Academic City with the inspiration and support they need at their doorstep.”
Deepak Padmanabhan, President, TiE Dubai, said: “TiE Dubai is happy to be the first to establish this unique entrepreneurial support initiative focused on students and young entrepreneurs. Open to all students, regardless of the institution they are affiliated to, this initiative will provide them with mentoring, education and networking opportunities that hone the skills needed to effectively achieve professional growth. We are happy to be a part of the UAE and support its entrepreneurial ecosystem since 2002.”
TiE Students’ Chapter will host a number of events throughout the year in collaboration with Dubai International Academic City. The first event will be held within the first half of the year at BITS Pilani Dubai Campus in DIAC.
Founded in 1992 in the Silicon Valley, TiE’s eco-system comprises 13,000 members and 2,500 Charter Members with 57 Chapters across 14 countries around the world. Numerous successful companies started through a TiE membership include Hotmail, Cirrus Logic, Sycamore, Cascade, Arthrocare and Selectica.
Dr Ayoub Kazim, Managing Director, TECOM Investments Education Cluster and Prashant Gulati, Trustee, TiE Global Board