Current Date:

Tuesday, 23 October 2018
 

1st Edition of the Global MBA in Impact Entrepreneurship in Sudan Kicks-off

Academic Cooperation between UMST and the University of Milan
ALTIS, the graduate School of business and Society of the Catholic University of Milan, UMST the University of Medical Sciences and Technology and the E4Impact Foundation with the support of the Italian Embassy in Khartoum and the Italian Agency for Cooperation and Development are launching the 1st edition of the Global MBA in Impact Entrepreneurship in Khartoum.
The joint program aims to create a network of cooperation between the University of Milan and Italian enterprises through establishing a viable partnership with the University of Medical Sciences and Technology supported by the efforts of the industrial enterprises in Sudan.
The inauguration ceremony was addressed by H.E. Fabrizio Lobasso, the Italian Ambassador to Sudan, Professor Hassan Ahmed Ali, the President of UMST, Vincenzo Racalbotto, President of the Italian Agency for Cooperation and Development and Dr Mohamed Faraj, Dean of the Faculty of Business Administration.
The Italian Ambassador to Sudan said The  Global MBA in Impact Entrepreneurship has a peculiar structure that alternates intensive weeks of in class lessons, distance learning, long weekends in class and competitions . This executive formula supports participants in transforming a business idea into a business plan: from concept to commercial launch.
 In advance to the Initial Boot Camp, all MBA candidates participate in the Business Idea Competition where they present their business ideas to a panel of investors who judge the economic viability and social-environmental impact. This is the occasion for participants to link up with investors and start developing a trustful relationship, he said.
At the end of the Middle Boot Camp, MBA participants take part in the Business Model Competition, where they present their business models to investors in order to show them the actual improvement on the initial business idea. This is the occasion for participants to convince investors that their business “can fly”.
At the end of the Final Boot Camp, MBA participants refine a full-fledged business plan and prepare a pitch for investors. They present their pitch to a panel of local and international investors with aim to rise investments and start or scale up their businesses.
It is worth noting that the MBA program gives simultaneously an academic and business acceleration experience. It supports both active and aspiring entrepreneurs to:
Develop the business skills necessary to guide a new venture or scale an existing business; Utilize tools and solutions for the start-up or scaling of a high growth business; Develop a personal network of mentors and investors; Establish links with entrepreneurs across Africa.
Participants will be awarded a degree from Università Cattolica del Sacro Cuore of Milan, Italy.
The Global MBA in Impact Entrepreneurship helps MBA participants to apply what they learn to their business while carrying on with their work thanks to a unique and flexible blend of intensive weeks of in class lessons, distance learning, long weekends in class and competitions. Over a 18 month period MBA participants spend 40 days in the classroom. Courses are integrated with on-line video lessons and exercises.
President of UMST Prof. Hassan Ahmed Ali said the University of Medical Sciences and Technology (UMST) is a co-educational mainly medical oriented college in Khartoum, Sudan. The mission of UMST is to serve the educational needs of Sudanese, African and Arab students.
It first opened its doors in 1995 with a student body of only forty students and two faculties. In 2017 it had become home to 5,000-6,000 students and 14 faculties. In 2014 the University said 60% of its students were foreign, he said.
The UMST began as a private, non-profit making educational Academy, in Khartoum, Sudan in 1996. Homeida also recruited several faculty members from the University of Khartoum.  Since then, the Academy expanded to 14 undergraduate faculties, namely, Medicine, Dentistry, Pharmacy, Medical Laboratory Sciences, Radiological Sciences, Anaesthesia, Nursing Technology, Engineering, Computer Science and Information Technology, Business Administration, Economics Social and Environmental Studies, Mass Communication, and Law. It also has a School of Nursing Technology  and offers 14 Masters degree programs, four PhD programs and four postgraduate diplomas. It became a full university in 2007, he added.