Mohammed Bin Rashid Academy for Young Business Leaders launches Business Institute facilitated by Dubai University College

The Mohammed Bin Rashid Academy for Young Business Leaders was created in order to offer quality vocational training to UAE nationals. "The vocational schools we are creating under the Academy are designed specifically to provide all the necessary entrepreneurial skill sets in a specific industry. Our aim is to better educate our entrepreneurs of today to become the success stories of tomorrow." said Abdul Baset Al Janahi, CEO of the Mohammed Bin Rashid Establishment for Young Business Leaders.

The Business Institute is specifically designed to provide entrepreneurs a learning program which will culminate in a completed business plan.

The two month course has been designed and will be facilitated by the faculty of the Dubai University College.

Dubai University College (DUC) is the educational arm of the Dubai Chamber of Commerce & Industry (DCCI) and was primarily created to address the skills and qualifications gap in the workforce and to support the governments' Emiratization initiative through human resources development programs in the private and public sectors.

Through these Entrepreneurship programs DUC aims to advance entrepreneurship education and practice in UAE through the creation and development of teaching, outreach, and research programs that support the start-up and growth of entrepreneurial activities
Dr. Omar Hefni, President, DUC said that "The Entrepreneurship program will equip the young UAE nationals with the necessary skills to launch their new ideas and transform them into profitable businesses rapidly. The initiatives and ideas of these trained young people will be the basis of huge projects that will play an effective role in the development of the national economy and will allow them to become the young leaders of tomorrow".

Usha Saraf, Head, Centre for Management & Professional Development Programs (CMPD) at DUC added "A lot of time and effort has been spent by our faculty to develop and customize this program to suit the local needs, and the focus has been primarily on the practical and hands-on approach rather than on delivering lectures. Upon completion of the program, trainees will be implementing and applying the topics and concepts they have learnt in class and their final assignment will be required to prepare a complete business plan for the business they propose to start up, which they will in turn submit to the SME for business start up loans".

The program will be delivered by a team of DUC faculty members with relevant expertise and industry experience and has been designed to examine the fundamentals of starting up a small business. It covers such topics as the challenges of entrepreneurship, building the business plan, strategic planning, forms of ownership, marketing, pricing, cash flows, financial planning, putting the plan to work, and looking at ethical and legal concerns and regulatory environment etc. and individual business plan presentation by the entrepreneurs will be mandatory for course completion.

Classes will be held in the evenings at the Dubai Chamber of Commerce & Industry building from 6-9:00 p.m. twice a week so that it is convenient for working individuals to attend the program.