The Faculty of Technology and Business Beder University College, is the initiator and creator of one the largest national and regional academic events bringing together technology, business and sustainable development under the overarching impact of the dimension of innovation, the  1st International Conference on Innovation in Business and Technology 10 June 2022, ICIBT 2022.

Innovation, today, is one of the most important sources of developments in business, education, media, technology, medicine and many other fields. Experts of many fields point out that the GDP growth in developed economies is mainly as a result of the level of innovation.

Innovation often comes to each of us as the creation, development of new products with the aim of improving efficiency and competitive advantage. But innovation is not solely represented by new devices, ideas or methods, but also by the process of uncovering new ways to do things. It can also pertain to modifying business models and adapting to changes to achieve better products and services. Innovation is vital in the workplace because it gives individuals and companies an edge in penetrating markets faster and provides a better connection to developing markets, which can lead to bigger opportunities.

 Some companies have taken on board the idea that their increased power puts new demands on them. They are much concerned about the innovative practices, facilities and approaches they need to engage in order to ward off economic decline. But at the same time they are trying to find ways to harness innovation to solve humanity’s most pressing challenges and respond to the need for perpetual transformation. 

 Universities have a special role as key actors in the development of new ideas, strategies and practices and approaches. Although universities are the most important generators of knowledge, knowledge transfer and commercialization of research represent a big challenge to the more intensive development of innovation.

The main aim of the conference is to bring together leading experts from the business and public sector, and the academic community in the field of innovation, enabling the presentation of good practices and exchange and transfer of knowledge and experiences with the aim of stimulating innovation and creating an adequate environment for its development. On the focus of the conference is one of the most important development challenges of our time, and that is – how to best adopt and implement the innovation processes in business and technology by at the same time contributing to the sustainable development of the country?

Given that the current cooperation between universities and the business sector has been mainly based on individual initiatives without a consistent and institutionalized approach, the organization of such an event will contribute to an institutionalized cooperation in between the business sector and the academia and therefore enable the transfer of best practices in between the two. This type of cooperation will promote national and regional economic growth, open up job opportunities but also promote an increasingly more essential role of higher education in this regard and reduce the gap that exists between research institutions and the business sector by in this way increasing the innovative capacity of the academic community.

The event will host innovators, education leaders and representatives of the academia, business entrepreneurs, and computer science professionals attending several breakout sessions across 7 tracks namely