The final ceremony of the program entitled, "Basics of Entrepreneurship", was held at King Abdulaziz Support Hall. The ceremony was organized by the Institute of Innovation and Entrepreneurship in Umm Al-Qura University, under the auspices of UQU's President, Prof. Abdullah Bafail, and in the presence of the Dean of the Institute, Dr. Muwaffaq Urijah.
This educational cultural program was offered by the Institute of Innovation and Entrepreneurship to teach the necessary steps for establishing entrepreneurial projects. It comes within the cooperation with Cornerstone Consulting, for the first time, to develop the scientific and knowledge skills of nearly 130 male and female students, enabling them to develop project plans using applied business models of successful investors.
The program targeted the male and female students and graduates of Umm Al-Qura University. One of its most significant outcomes was that the students came up with 25 entrepreneurial ideas. In addition, the teams that won the first ranks in the "Basics of Entrepreneurship" program received awards. The first rank was won by "Tasaheel", which is an application that makes connections between wholesale commercial shops and families who produce goods. Its idea is based on the idea of using a saving account without the intervention of traditional banks. The second and third ranks were won by the applications "Yasserro" and "Ijaza", respectively.