NEW WAVE OF STARTUPS INCUBATED
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.