QBIC kicks off 10th wave of LeanStartup Programme

The Qatar Business Incubation Centre (QBIC), owned by Qatar Development

Bank (QDB), yesterday launched the 10th wave of the LeanStartup

Programme during the latest ‘Speaker Series’ session, which hosted

Kickstarter co-founder Charles Adler.

The LeanStartup Programme focuses on empowering entrepreneurs and

providing them with the tools, hands-on experience and knowledge on how

to successfully bring their business ideas to life.

This year, QBIC, for the second wave in a row, broke a new record by

receiving over 800 applications, witnessing an 84% year-on-year

increase. More than 60 startups were chosen to take part in this 10-week


QDB CEO and QBIC chairman Abdulaziz bin Nasser al-Khalifa said, “We are

so proud of how far QBIC has come. We have had an incredible four years,

helping over 120 startups come to life and today, we launch the 10th

wave of our flagship LeanStartup Programme, from which over 330 aspiring

entrepreneurs have graduated.

“We are genuinely looking forward to what exciting ideas this new wave

will bring, and we hope to empower hundreds of additional startups and

local entrepreneurs over the next four years and beyond.”

QBIC continues to empower promising local entrepreneurs with innovative

ideas from all sectors, as well as provide them with coaching,

financing, and the office space they need in order to establish

successful startups.

During the ‘Speaker Series’ event held at the Msheireb Museums

yesterday, Adler, who was named as ‘one of the 12 most disruptive people

in business’, gave an overview of Kickstarter and also shared his

insights on the importance of adopting an innovative and disruptive

mindset to jumpstart an idea into a reality.

QBIC CEO Aysha al-Mudahka said, “Charles co-founded Kickstarter in 2009

and turned it into the world’s largest funding platform. Kickstarter has

funded over 138,000 successful projects, and raised over $3bn. We are

honoured to have him here with us today for this special event, and I’m

confident that our aspiring entrepreneurs will leave with something

valuable that they can inject into their businesses.

“We have incubated over 120 companies to date and it’s been a privilege

to watch them grow over the past four years and develop into successful

businesses. I can safely say that we are well on our way towards

developing Qatar’s next QR100mn companies.”

The entrepreneurs will learn through this 10-week, hands-on programme

how to transform their ideas into viable startups. At the end of the

programme, they will get a chance to earn incubation by pitching their

refined business ideas to a judging panel and potential investors,

marking the beginning of their journey during Demo Day, which will take

place in mid-May.

As seen on GulfTimes  Image Credits GulfTimes