Ajman University
AUIC had inaugurated in
October 2016 and Dr. Chuloh Jung had become the new director of Ajman
University Innovation Center (AUIC) in September 2017. AUIC had new start
with ambitious goal, “to become a leading university innovation center in MENA
region”. To achieve this goal, director had set up 4 implementation
strategies: 1) Dynamic Identity, 2) Catalyst Platform, 3) innovative
Incubation, and 4) Consilience. He had emailed Korean President for help and
President Mr. Moon, Jaein had led AUIC to Korean government-driven innovation
centers.
After having an
executive training from GCCEI in Korea, AUIC adopted Korean Innovation Center
model to systemize the routine works and became productive with the help of
Korean government-driven innovation centers and hardware accelerators, and
science parks. AUIC system is 1) Idea Competition to scan and recruit startups
bi-annually, 2) Monthly workshops to prepare and augment their business plan
and prototypes, 3) Demo Day to invite government funds and private funds and
make our startup debut to UAE entrepreneurship ecosystem.
AUIC usually has
approx. 150 applicants per year for AUIC Idea Competition and carefully
selected approx. 20-30 winners (business ventures) with proper evaluation
system. For Demo Day, AUIC presented 20-30 startup winners to the UAE
entrepreneurship ecosystem per year and 1-2 got funded successfully from angel
investors. AUIC had incubated total 96 startups (2016: 26, 2017: 9, 2018: 19,
2019: 20, 2020: 22)
The most powerful
advantage of AUIC, compared to any innovation centers in UAE, is our
mentorships and international partnerships as key partners and allies. AUIC is
maintaining 20 external mentors and 20 internal mentors every year. External mentors are either
well-known figures in UAE entrepreneurship ecosystem or decision-makers in
government agencies. Internal mentors are well-spread in Ajman University to
facilitate AUIC’s major events.
For more information
click her https://auic.ajman.ac.ae/