Dow mentors young entrepreneurs
Dubai, July 30, 2009
The Dow Chemical Company became the first company to participate in Young Arab Leaders' (YAL) 2009 Innovation & Entrepreneurship Initiative, a program to support the advancement of entrepreneurs in the Arab world.
YAL is a pan-Arab, non-profit organization that seeks to promote leadership and entrepreneurship among Arab youth.
The Innovation & Entrepreneurship Initiative aims to put the private sector into focus, empower ideas and nurture innovation. It will serve as a primary platform where the training of representatives from small and medium-sized enterprises (SMEs) will take place through a process of mentoring, adopting, socialising and networking.
In addition, the program’s objective is to foster an entrepreneurship culture in the Arab world through regional awareness campaigns taking place in schools and universities to educate students on the vast opportunities that the path of entrepreneurship can provide.
Dow Chemical in Egypt has become the first region in the Middle East to embark on this programme. Mohamed Sabry, country manager, Dow Chemical in Egypt, will host and mentor BioBusiness, a Cairo-based newly-established R&D center for the design, prototyping and development of medical equipment for diabetic patients.
“The Arab world is facing a crisis: nearly two-thirds of the population is under the age of 25 and many lack access to opportunities that enable them to develop practical skills for the future,” said Mohamed Sabry.
“Entrepreneurship presents tremendous economic benefits which contribute to a country’s GDP and employment sustainability,” continued Sabry.
“As a company with a long-term commitment to the Middle East, the success of The Dow Chemical Company in the region is linked to the success of young Arab men and women in the workforce.”
“In the current economic climate, where local governments and large corporations will not be able to completely absorb fresh graduates, a focus on a mindset of entrepreneurship and self-employment skills will benefit the regional economy immensely,” added Assem O Kabesh, chief of YAL.-TradeArabia News Service