Announcing the joining of “Tafa3ul Hub” to “IRADA Network” to develop the business sector in Iraq
With a burgeoning population of young individuals actively pursuing opportunities on a national scale, underpinned by a burgeoning wave of emerging talent, skills, and prospects, which currently represents the most substantial and rapidly expanding source of professional acumen, Tafa3ul Hub remains steadfast in its commitment to fostering entrepreneurial endeavors, fostering the creation of prospects within the Iraqi domain, and enhancing the competencies of the Iraqi workforce to ameliorate disparities within the Iraqi labor market while augmenting available opportunities.
In conjunction with the "Reintegration of the Iraqi Business Scene" conference, convened on Wednesday, September 27, 2023, in the city of Baghdad, the "IRADA" network was officially unveiled through the collaborative efforts of Tafa3ul Hub and several prominent institutions operating within the realm of entrepreneurship across Iraq. This network is resolutely committed to fortifying the private sector in Iraq, primarily by providing unwavering support to enterprising youth, nurturing nascent initiatives, and advancing small and medium-sized enterprises (SMEs).
The leadership of the (IRADA Network) is vested in a consortium of preeminent institutions specializing in entrepreneurship in Iraq. The network presently comprises the following key organizations: the Tafa3ul Hub Platform located in Basra, the RWANGA Foundation situated in the Kurdistan region of Iraq, Qaf Lab in the city of Mosul, and notable institutions in Baghdad, namely Computiq, The Station, Makers Iraq, and KAPITA Business Hub.
Objectives of IRADA Network:
The primary objectives of the Tafa3ul Hub platform in collaboration with the Erada Network are to stimulate the development and promote a constructive influence among youth communities, startups, and small and medium-sized enterprises. These efforts aim to foster an ecosystem that fosters investment and cultivates growth by:
1- Policy Formulation and Development
Supporting and assisting government efforts in promoting economic development by formulating policies that strengthen the private sector. Such policies may include boosting small and medium-sized enterprises, providing legislation and decisions that facilitate the business environment, and encouraging investment and job creation. Furthermore, supporting startups and youth communities plays a vital role in promoting innovation and the economy. Achieving these goals requires coordination of efforts across various sectors and effective collaboration between the government, private sector, and civil society.
2- Raising Awareness
Raising awareness of the importance of supporting the private sector and educating youth and relevant entities is crucial in the development of the Iraqi economy, as spreading this awareness plays a key role in expanding opportunities in the Iraqi market. Focusing on the importance of supporting the private sector can diversify the country's income sources and help boost the economy and create new job opportunities. Additionally, directing efforts toward educating youth about the significance of entrepreneurship and innovation is essential in motivating them to develop their skills and leverage their potential in enhancing the country's economy.
Fast Facts on opportunities in Iraq:
In 2021 alone, the total number of Iraqi graduates seeking opportunities was ~200,000.
The Iraqi private sector, especially the startup scene, has recently had its highest rates of growth ever, with increases up to 170% in market development.
About IRADA:
The Iraqi Riyada Network for Access, Development, and Advancement (IRADA) is a visionary network designed to unite and empower enablers within Iraq's business ecosystem. With a mission to provide access, drive development, and achieve advancement, IRADA aims to be a catalyst for positive change in the private sector and business ecosystem of Iraq.
About Tafa3ul Hub:
Tafa3ul Hub is a leading platform that aims to promote creativity and technology and form a community of innovative individuals. Our platform is a creative playground for inspiring and ambitious visionaries from all walks of life, providing a space for them to connect, collaborate and create.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable.
About the Institutions Under the IRADA Network:
1- RWANGA Foundation
RWANGA Foundation is a non-governmental organization that is considered the foremost platform for young entrepreneurs. It is the primary supporter for honing youthful entrepreneurial skills through economic and social empowerment across Iraq. The Rwanga Foundation prepares young individuals for the job market with competitive skills in a rapidly changing world. It contributes to supporting youth, including entrepreneurs, in small and medium-sized projects from both genders by transforming their innovative ideas in the fields of education, youth, the environment, and marginalized communities into successful businesses that empower society and provide employment opportunities.
2- Qaf Lab
QAF Lab is an impact-driven innovation hub and business incubator, with a steadfast commitment to fostering innovation and supporting the private sector and local community in Iraq, particularly in Nineveh. QAF Lab’s primary mission is to serve as a catalyst for the entrepreneurial ecosystem, paving the way for aspiring entrepreneurs to bridge knowledge gaps, secure essential funding, establish vital industry connections, and embark on their entrepreneurial journeys.
3- Computiq
Computiq is a leading technology company that provides exceptional technological solutions and educational services with international certifications. The company looks forward to enhancing professional and business life by supporting individuals and businesses to make the most of technology. Computiq strives to make digital skills an integral part of our lives, much like the importance of mathematics and English.
4- The Station
The Station is one of Iraq’s lead co-working spaces and Baghdad’s first co-working space. First established in 2018, as an independent, non-governmental, and non-profit organization, it became the cornerstone for Iraqi youth with fresh and inventive ideas to set a first foot into the business world and entrepreneurial projects.
5- Makers Iraq
The Makers Iraq Innovation Center aims to provide a supportive environment for entrepreneurs, innovative individuals, and creative minds. It seeks to promote a culture of innovation and entrepreneurship by offering technical training courses and programs for young people of various age groups to enhance their skills, assist them in finding job opportunities, and encourage them to develop their nascent projects.
6- KAPITA
KAPITA is an Iraqi institution dedicated to the development of the private sector. It supports small and medium-sized projects through investment, research, and data provision. KAPITA also offers incubation and acceleration programs for startups and small to medium-sized enterprises, as well as market development programs.
7- Tafa3ul Hub
Tafa3ul Hub is a leading platform aimed at promoting creativity and technology, and forming a community of innovative individuals. Our platform serves as a creative arena for inspiring and ambitious visions from all aspects of life, providing a space for them to communicate, collaborate, and innovate.