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Middle East center for entrepreneurship to launch in Chicago

Entrepreneur Diaries - dare to dream

New generation of business leaders to benefit from cultural exchange

May 14, 2014 4:43 by

Plans to launch a Middle East center for entrepreneurship in Chicago were announced on Tuesday, May 13. The Sheikh Faisal Center for Entrepreneurship in the Middle East will be based at the Driehaus College of Business at DePaul University later this year.

The U.S. Catholic University and Al Faisal Holding, one of the leading private companies in Qatar, have signed an agreement to take the first steps toward a long-term collaboration that supports entrepreneurship and business development in Qatar and the Middle East. According to Al Faisal Holding’s chairman and CEO, Sheikh Faisal Bin Qassim Al Thani, the government of Qatar has launched several initiatives to support entrepreneurs and is investing heavily to enhance the educational system in Qatar.

“With a booming economy and excellent educational system we are sure that this center will nourish the entrepreneurial spirit that will give additional impetus to Qatar’s development,” he says in a statement.

The Sheikh Faisal Center for Entrepreneurship in the Middle East will work through DePaul’s nationally recognized Coleman Entrepreneurship Center. The center will facilitate a Young Entrepreneur Academy that develops new generations of Qatari and U.S. entrepreneurs and business leaders through student exchange programs.

Through this project, Qatari students will have the opportunity to study in Chicago each year. DePaul plans to host a group of Qatari students each summer on its Chicago campus where they will work with the business college’s faculty and alumni entrepreneurs to apply entrepreneurship theory and practice in developing their own businesses plans. Additionally, a group of the Chicago students who are enrolled in programs related to business development in the Middle East will have the opportunity to participate in a study abroad program in Qatar.

Ray Whittington, dean of the Driehaus College of Business said the exchange programme will allow a unique cultural experience and provide an opportunity for DePaul students to gain “real world experience on an international stage.”

The Sheikh Faisal Center for Entrepreneurship in the Middle East will hold an annual conference in Chicago that convenes an international audience of business leaders. The event will serve as a source of professional knowledge for Qatar entrepreneurs and those who do business in the Middle East. Sheikh Faisal will also host a business competition in Qatar for emerging entrepreneurs.

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