Innovation and creativity are considered to be cornerstones of the economic growth. They are the determinants of progress in an economic environment characterized by high levels of competitiveness. Studies have proven that a huge number of economies that have achieved a high level of growth in the past few years have relied mainly on entrepreneurship and innovative projects in order to achieve this kind of growth.
The United Nations in (2015) has emphasized and reassured that enhancing innovative ventures is one of the most important catalysts for achieving the seventeen sustainable Development Goals (SDGs). This comes in conjunction with the plight of many countries, especially developing ones, to deal with the escalation of the economic and social problems in an innovative way.
Although these innovative ventures are crucial in countering competitiveness and achieving the Sustainable Development Goals, many of them suffer from a lack of knowledge with necessary tools needed to plan and prepare for starting up their business. This lack of knowledge represents an obstacle to the success of these ventures. Hence, business incubators are the haven for these nascent ventures, which will allow them to grow stronger.
Faculty of Economics and Political Science Business Incubator, FEPS BI, is a hub for innovative startups. As it provides them with outstanding entrepreneurial knowledge based on its unique scientific methodology. In addition to this, the exposure to a diversified network of mentors and advisors with eminent professional, practical, and academic experience. This accumulated knowledge enables FEPS BI to provide a distinguished entrepreneurial experience for all youth in Egypt.