Licensing Terms and Requirements

Licensing Terms and Requirements

First: Business Incubators:

The license applicant must be:

- A company (with a business incubators and accelerators activity)

- A university / government entity

- An association

Submission of a business plan that includes:

1. A feasibility study covering:

· Executive summary

· Market analysis

· Overview of the region

· Economic, industrial, and educational sectors in the region

· Administrative structure

· Operational plan

2. A description of the business incubator's activity

3. A plan for periodic internal and external evaluation of the business incubator's procedures and beneficiaries

4. Provision of at least the following services:

· Shared workspaces and offices

· Coaching and guidance

· Events and networking

· Shared services (internet, printing, secretarial services, etc.)

· Sourcing and connecting with funding and investment sources.

· Consultation services.

5. Identification of the target sectors

6. The incubator's policy for admitting and graduating beneficiaries.

7. Capacity in terms of the number of beneficiaries

8. An engineering drawing and description of the interior design showing the offices, spaces, and shared areas. (From an accredited engineering office)

9. Submission of the suitability form prepared by the Authority.

Meeting the premises requirements:

1. It must be in a location that suits its objectives and is appropriate for the purposes and activities for which it was established.

2. Its area must be no less than 250 (two hundred and fifty) square meters, with space allocated for shared facilities and services, including:

· Corridors

· Meeting room

· Reception desk

· Waiting areas

· Service facilities

3. The site must be a standalone location on a commercial street, or be located within any of the following:

· Government facilities.

· Commercial facilities.

· Educational facilities.

· Agricultural facilities.

Second: Business Accelerators:

The license applicant must be:

- A company (with a business incubators and accelerators activity)

- A university / government entity

- An association

Submission of a business plan that includes:

1. A feasibility study covering:

· Executive summary

· Market analysis

· Overview of the region

· Economic, industrial, and educational sectors in the region

· Administrative structure

· Operational plan

2. A description of the business accelerator's activity

3. A plan for periodic internal and external evaluation of the business incubator's procedures and beneficiaries

4. Provision of at least the following services:

· Shared workspaces and offices

· Coaching and guidance

· Events and networking

· Shared services (internet, printing, secretarial services, etc.)

· Sourcing and connecting with funding and investment sources

· Investment in the incubated companies

· Direct funding

5. Identification of the target sectors

6. The accelerator's policy for admitting and graduating beneficiaries.

7. Capacity in terms of the number of beneficiaries

8. An engineering drawing and description of the interior design showing the offices, spaces, and shared areas. (From an accredited engineering office)

9. Submission of the suitability form prepared by the Authority.

Meeting the premises requirements:

1. It must be in a location that suits its objectives and is appropriate for the purposes and activities for which it was established.

2. Its area must be no less than 250 (two hundred and fifty) square meters, with space allocated for shared facilities and services, including:

· Corridors

· Meeting room

· Reception desk

· Waiting areas

· Service facilities

3. The site must be a standalone location on a commercial street, or be located within any of the following:

· Government facilities.

· Commercial facilities.

· Educational facilities.

· Agricultural facilities.

Third: Co-working Space:

The license applicant must be:

- A company (with a business incubators and accelerators activity)

- A university / government entity

- An association

Submission of a business plan that includes:

1. A description of the co-working space's activity

2. Provision of at least the following services:

· Shared workspaces and offices

· Shared services (internet, printing, secretarial services, etc.)

3. Identification of the target sectors

4. Capacity in terms of the number of beneficiaries.

5. An engineering drawing and description of the interior design showing the offices, spaces, and shared areas. (From an accredited engineering office)

6. Submission of the suitability form prepared by the Authority.

Meeting the premises requirements:

1. It must be in a location that suits its objectives and is appropriate for the purposes and activities for which it was established.

2. Its area must be no less than 250 (two hundred and fifty) square meters, with space allocated for shared facilities and services, including:

· Corridors

· Meeting room

· Reception desk

· Waiting areas

· Service facilities

3. The site must be a standalone location on a commercial street, or be located within any of the following:

· Government facilities.

· Commercial facilities.

· Educational facilities.

· Agricultural facilities

Fourth: Co-working Space Plus:

The license applicant must be:

- A company (with a business incubators and accelerators activity)

- A university / government entity

- An association

Submission of a business plan that includes:

1. A description of the co-working space's activity

2. Provision of at least the following services:

· Shared workspaces and offices

· Shared services (internet, printing, secretarial services, etc.)

· Consultation services

· Coaching and guidance

3. Identification of the target sectors

4. Capacity in terms of the number of beneficiaries.

5. An engineering drawing and description of the interior design showing the offices, spaces, and shared areas. (From an accredited engineering office)

6. Submission of the suitability form prepared by the Authority.

Meeting the premises requirements:

1. It must be in a location that suits its objectives and is appropriate for the purposes and activities for which it was established.

2. Its area must be no less than 250 (two hundred and fifty) square meters, with space allocated for shared facilities and services, including:

· Corridors

· Meeting room

· Reception desk

· Waiting areas

· Service facilities

3. The site must be a standalone location on a commercial street, or be located within any of the following:

· Government facilities.

· Commercial facilities.

· Educational facilities.

· Agricultural facilities.

License Application Steps

Determine the entity type:

1. A company (with a business incubators and accelerators activity)

2. A university, government entity, association, or government institution

For companies:

1. Obtain a new commercial registration with a business incubators and accelerators activity, or add and amend the existing activity to a business incubators and accelerators activity, through the Ministry of Commerce and Investment or the Meras platform.

2. Meet the licensing requirements and terms.

3. The Authority reviews the application and issues the license within a maximum of 30 days.

For universities, government entities, associations, or non-profit institutions:

1. Meet the licensing requirements and terms

2. The Authority reviews the application and issues the license within a maximum of 30 days