College business model?
TallGuyShort: I may be the least qualified person to be giving you advice here, but one thing that jumps out to me is that your first could was on discrete math. If your local business wanted to hire software engineers and you're a very small country, perhaps you should begin by focusing on something more practical and general. Doing so would bring a more immediate benefit to your investors. Then once you had some basic courses in place you could begin offering higher-quality education, and more theoretical classes.