…and developed a preliminary concept for the hub
Vision and Mission Global hub championing transformative power of innovation & entrepreneurship, art, culture, positively impacting societies Champion research, innovation, entrepreneurship, social impact; empower leaders to create positive change in society
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Positioning & Strategic Objectives
Focus Themes
Strategic Direction & Positioning
1. Integrated multiple functionality areas 2. Global, progressive; with roots in Al Madinah to branch out to the world 3. Conceive, attract, nurture & unleash potential of ventures that have social impact
1. Nexus of culture, technology and business 2. Social impact & advancement 3. Knowledge sharing and advancement 4. Responsible capital
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Target Markets 1. Global with initial focus on Muslim neighborhood 2. Fintech, Education, Healthcare & Wellness, Agri & Food, Energy & Sustainability, Tourism, Entert. (plus a other lower priorities) Value Proposition
Target Customers 1. Startups (KSA and int’l) contributing to society, aligned with equitable values 2. General Public interested in social, knowledge economy, and equitable business
Service Offerings
5. Research 6. Events & Others 7. Training 8. Access to Funding
1. Mentorship 2. Networking 3. Partnerships 4. Office Space
Customers & Value Proposition
Seamless, integrated mission-critical support to innovators, from pre-idea research all the way to financially sustainable business One-stop hub to develop ideas into socially impactful businesses, via research, training, funding, business development support
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Branding & Inst. Set-up 1. Stand-alone brand 2. Limited liability legal entity (or equivalent) - possibly with special status (e.g., non-for- profit)
Footprint
Financing Model 1. Internal Funding 2. External Funding & Donations 3. Revenue Streams, e.g., fees 4. Investment streams (direct & syndicated VC funding)
Partnerships
Roadmap & Budget 1. Built gradually, strategically leveraging partnerships 2. ~10 Mn SAR/year to operate the Hub and 630 Mn SAR to build the iconic structure
1. Public Entities 2. Accelerators 3. Research & Think Tanks 4. Corporations 5. Venture Capitals 6. Philanthropists 7. NFP Foundations
1. Multicentric with hubs and spokes 2. Multichannel (integrated physical and virtual)
Business & Strategic Operating Model
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