About IAA Business Start-Up Centre
IAA Business Start Up Centre is an Incubator under the Institute of Accountancy Arusha that creates a home for start-ups, entrepreneurs and innovators students from the Institute of Accountancy Arusha (Certificate to Masters level). It was officially launched on the 6th December, 2019 and so far, has been beneficial to more than 250 youth students and non- students.
Over the past few years many students and graduates from the Institute of Accountancy Arusha have shown interest in entrepreneurship and business. Apart from the good academic offerings received from various programs offered by the Institute these students and graduates have been struggling to enter the entrepreneurship and business world. Translating theories and concepts taught in class might need little support so as to fit in the real environment. For this case some of them fail along the way due to various chal lenges faced.
These candidates are doing their best in entrepreneurship and have their own innovative and creative touches that differentiate them from other players in the competitive market. These efforts caught the attention of the Institute and hence decided to start an incubation Centre that will allow some of these candidates to have a smooth transition of their ideas and start-ups to a more productive and sustainable business venture.
Why IAA Business Start Up Centre
Entering the business world has never been easy especially for youth in higher learning Institutions or those that have just graduated. The difficulties come from various angles including lack of required skills, lack of right information, lack of start-up capital, lack of affordable working space, lack of knowledge and access to successful persons in similar businesses and many more. For this case the Institute of Accountancy Arusha established a business incubator that hosts youth students from the Institute in undertaking their entrepreneurial projects. This incubator aims at taking the youth through idea improvement and ensuring that the idea moves to a start-up and finally graduate to a profitable business.
Moreover, the business incubator also assists youth to be more innovative and creative so that they bring to the market something that differentiate them from the other players in the market. The incubator starts with germinatation (ideas), start-ups and eventually profitable companies that are looking for a particular type of facility. Every level has an expected outcome in a defined time that marks the incubetee graduating from the level.The number of incubates depend on available resources.
Furthermore, the incubator have different programmes running throughout the year, some will are short term and others are long terms. It also works with different partners in the business, entrepreneurship, technology, innovation and creativity ecosystem from in and out of the country. This ensures that incubates are exposed to the right resources so as to build a success story.
The incubator is a place where the outside world meets with talented students who want to become entrepreneurs. External stakeholders (government, SME’s, corporates etc.) present their challenges and interact with lectures, students and start-ups. The incubator is the ecosystems of Arusha where all kind of ideas arise and where all type of professionals work to improve the social and entrepreneurial environment of Arusha.
IBSUC Vision
A leading centre for nurturing innovative ideas into striving businesses.
IBSUC Mission
The landing place where business, professionals and youth connect, get inspired and are helped to develop new businesses for rapid social and economic development.
Objectives of IAA Business Start-Up Centre
Creating an incubator program that will give students entrepreneurial skills, knowledge and change of mindset, preparing them for life after college and stimulate them to set up their own businesses.
Specific Objectives are:
Services offered by IBSUC
IAA Business Start Up Centre Programmes
IAA Business Start Up Centre programs run various incubation programs intended to mould the Start Ups so that they can be able to perform their entrepreneurship activities with the right skills, mind set and knowledge. These programs based on various areas grouped in cohorts distributed as
Partnering Institutions
IBSUC welcomes various Institutions, Organizations, Firms, student’s clubs and leadership to partner with them in execution of its plans. The Institutions could partner with the Centre in various ways that bring a win situation. Sourcing of the partnering organization could be through direct approach to the Institutions by the Centre but also through the Institutions approaching the Centre directly.
Target Groups
1. Startup & students 90%
2. External youth 10 %
