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Innovation Labs
 
 
 

IoT, AR/VR, Robotics + 3D Printing, Renewable Energy, FinTech and Satellite Tech

 

Why the Innovation Labs

Educate and train youth on new technology platform – foundational learning
•Start with people, and then technology that is still young in the market
•Enables youth to do new things with technology – experiential learning
•Allows private sector to do new spin-offs
•Identify unmet societal and economic needs linking with projects
•Allows for collaboration through incubation and acceleration – expert resourcing
Integrate with local and global value chains to access finance and markets
 
 

Seeking Global Partnerships

The Palestine Techno Park (PTP) is seeking global partnerships to develop technology innovation labs.

 

Background and Rationale

Palestine is lacking behind in technology adoption and commercialization

There is limited clustering of technologies in many technology verticals / segments

There is limited integration with global value chains in the technology (not just information and communications technology) sector

Academics and private sector are not exposed to new technologies in a practical way and rely on theory

Unavailability of critical thinking and innovation labs that are accessible to academics, private sector and civil society alike

According to Gartner Researc as per the below graphic several technologies including “Mobile Robots” still have more years to plateau, which presents an opportunity for Palestine to invest in such technologies. Other technologies of interest to the Palestine Techno Park in the Internet of Things, 3D Printing, Renewable Energy, Satellite / Media streaming and FinTech.

There is a market opportunity to be able to be the first market mover in selling innovative products in these vertical technologies to Arab speaking markets.

Innovation labs present an ideal set up in creating innovation related eco-system revolving around certain technologies such as the ones of interest to PTP.

Furthermore, the Innovation Labs provide further developmental goals.

 

Technology Development Goals

Promotion of Innovation and Entrepreneurship and educating youth on new technologies in a practical way.

  • Educate and train youth on new technology platform – foundational learning
  • Start with people, and then technology that is still young in the market
  • Enables youth to do new things with technology – experiential learning
  • Allows private sector to do new spin-offs through accessing labs equipment and innovation environment
  • Identify unmet societal and economic needs linking with projects
  • Allows for collaboration through incubation and acceleration – expert resourcing
  • Integrate with local and global value chains to access finance and markets

 

Target Stakeholders

  • Unemployed Youth with Innovative Ideas who want to launch a new startup
  • University graduates from Universities and living in the West Bank
  • Education program with a need to access such labs
  • Young startups who are growing and want to hire additional resources
  • Existing businesses that want to launch a new service or product (preferably as a spin off) to meet market demand and need to link with a new startup or to employ youth in the creative cluster to develop this new product / service in support of innovation
  • Business Service Providers: Research and Development, Business Service Providers, Technical Assistance, Product Development, Marketing, Business Linkages, Pitching to Investors and Accessing Financing

Project Objectives

  • Educate and practical train to youth on new technology platform – foundational learning
  • Start with people, and then technology that is still young in the market
  • Enables youth to do new things with technology – experiential learning
  • Allows private sector to do new spin-offs
  • Identify unmet societal and economic needs linking with projects
  • Allows for collaboration through incubation and acceleration – expert resourcing
  • Integrate with local and global value chains to access finance and markets
 
 
See the Palestine Techno Park Upcoming Labs:
- ReVaMP Innovation Labs
- FinTech Innovation Labs
 

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