Dubai:The Higher Colleges of Technology (HCT) has announced a strategic partnership with the New Economy Academy to enhance the entrepreneurial skills of 2,000 students through a comprehensive five-year training program. This initiative aims to engage 400 participants annually, providing them with a full learning experience that integrates specialist knowledge with practical applications.
According to Emirates News Agency, the collaboration is part of 'The Emirates The Startup Capital of the World' national campaign, initiated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The campaign aims to bolster the entrepreneurship ecosystem for young Emiratis.
The program is designed to guide students through the process of developing ideas and understanding business fundamentals, ultimately empowering them to create launch-ready ventures. It aligns with HCT's vision to instill a culture of entrepreneurship and innovation among its students, enabling them to transition from theoretical knowledge to practical ventures that hold real economic and social value.
Ayesha Markhan, Acting Vice President of Employability and Knowledge Economy at HCT, highlighted the importance of this collaboration in preparing students for a diverse professional future by combining academic knowledge with practical application. Dr. Laila Faridoon, CEO of the New Economy Academy, emphasized the program's focus on entrepreneurial thinking and practical training, allowing participants to test their ideas against market needs.
Students will participate in the New Economy Academy's 'Emirati Entrepreneurship Essentials' program, which covers entrepreneurial thinking, business model development, financial planning, and more. The program combines remote learning with in-person training, guiding students from understanding entrepreneurship fundamentals to applying them to their ideas.
The collaboration underscores HCT's commitment to enriching student experiences and equipping them with the necessary skills to enter the entrepreneurial world confidently, reflecting the institution's dedication to expanding strategic partnerships with specialist organizations.