NEW WAVE OF STAR­TUPS IN­CU­BATED

Qatar Today - - AFFAIRS -

The Qatar Busi­ness In­cu­ba­tion Cen­ter (QBIC) suc­cess­fully con­cluded its fourth wave of the LeanS­tartup Pro­gram with en­trepreneurs pitch­ing to judges and in­vestors, who de­cided on an idea's fea­si­bil­ity and in­cu­ba­tion po­ten­tial.

The Demo Day marks the end of the 10week long LeanS­tartup Pro­gram for 27 en­trepreneurs in Qatar with 16 startup busi­ness ideas dur­ing which they tested the mar­ket vi­a­bil­ity of their in­tended prod­uct or ser­vice by talk­ing to cus­tomers, part­ners and sup­pli­ers to val­i­date their ideas. The best 14 pitches were then cho­sen to be in­cu­bated at QBIC based on each idea's cus­tomer val­i­da­tion and trac­tion at­tain­ment. Th­ese star­tups, cov­er­ing a wide va­ri­ety of in­dus­tries, will re­ceive smart fi­nanc­ing, coach­ing and men­tor­ing, of­fice space, and net­work­ing op­por­tu­ni­ties from QBIC. En­trepreneurs were, for the first time, able to pitch to be in­cu­bated in a spe­cial­ized in­cu­ba­tor, QBIC Tourism, which was set up to en­able en­trepreneurs to de­velop prod­ucts and ser­vices that en­hance the Qatar tourism ex­pe­ri­ence.

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