Ten Global Scholars along with their advisor from Royal Docks Business School, University Of East London (UEL), visited Bahrain for a week to work alongside the Bahrain Polytechnic students to find business solutions based on market gaps in the Kingdom as part of an ongoing collaboration with the Family Bank.
An MOU signed between the two higher educational institutions, supports this collaboration every year. This is the second visit by the Global Scholars group who come to Bahrain to work with Bahrain Polytechnic students.
This year, the Global Scholars and Bahrain Polytechnic students had to come up with social business ideas that meet Family Bank’s ‘Idea Factory’ criteria and draw up fully fledged business plans.
“Energy and creativity was the key to formulate this proposal,” says Acting CEO of Bahrain Polytechnic Dr. Mohamed Al Aseeri. “Inviting international influence into the mix provided an even more enhanced business plan.
“We want our students to experience the real working environment. If you want an entity to invest in your idea or project, you have to build up a strong plan as per the existing standards.
“Not only are they performing entrepreneurial activities, but the fact that they are meeting people with diverse cultures is another benefit, as they will bring a wealth of experience and knowledge into the mix.” stated the Acting CEO.
“It’s good to co-operate with Bahrain Polytechnic in a way that Family Bank found a need for establishing a unit in the bank which could act as a think tank for the potential customers of the bank, and in general for any underprivileged Bahraini individual with business instinct but without a clear vision of any business idea.” stated by Dr.Khalid Ateeq, CEO Family Bank.
This unit would provide the above individuals with business idea that caters to their level of interest, education, and need and help them excel through consultation, providing them with business and marketing plan and training them with basic business skill.
To strengthen the capacity of clients to start and succeed in their businesses. The Idea Factory proposes to do this by providing access to ideas, skills training and facilitating business planning, hosting entrepreneurial and vocational training workshops to enhance skills, talents, and competencies, and providing clients and interested parties with written material, DVDs, and website access. Furthermore, the Idea Factory proposes to coordinate mentoring programs for clients led by practicing professionals and to raise awareness of the Bank’s services and successes through press coverage and marketing techniques.
Ms. Margaret Heath, the advisor which accompanied the students, was given an award by the Polytechnic on behalf of UEL’s Deputy Vice-Chancellor Professor Nora Ann Colton, for UEL’s great support in the matter, where the international guests were treated with a tour around the Kingdom of Bahrain, visiting prominent areas such as the Bahrain International Circuit, Al Fateh Mosque and Bab Al Bahrain. They also met with the Chief Economist at the Economic Development Board.
Dr. Al Aseeri thanked UEL and Family Bank for their constant collaboration, as their support is certainly a step forward to meet Bahrain’s 2030 Vision.