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Posted On: 9 September 2019 10:14 am
Updated On: 12 November 2020 02:05 pm

QBIC accepting applications for 13th edition of LeanStartup Programme

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As part of its ongoing support and empowerment of local startups, Qatar Business Incubation Center (QBIC), a division of Qatar Development Bank (QDB), is now accepting applications for the 13th wave of the centre's redesigned LeanStartup Programme (LSP).

QBICs LSP is one of the most successful programs of its kind within the MENA region; by leveraging the "lean-startup" methodology the trainers place significant emphasis on customer validation, which allows entrepreneurs to test their business ideas in real-time with potential customers. The latest edition of the program has been redesigned in order to best fit the needs of entrepreneurs that are in the early stages of product or service development. The LSP Programme typically attracts hundreds of applicants each wave and has produced over 450 graduates to date.

Entrepreneurs are required to pass through several screening stages before securing a seat in the program. Selected startups are the ones that display the greatest potential for innovation and are the most suitable for the competitive Qatari marketspace. During the ten-week program, entrepreneurs must develop their business ideas and build prototypes (MVPs) in preparation for Selection Day, which is a unique opportunity to pitch their ideas to an esteemed selection committee and for the first time potential early-stage investors.

Selected startups receive smart funding, access to investors, office space, continuous coaching, and the opportunity to accelerate their growth.

Promising entrepreneurs in Qatar can apply for the 13th wave of LSP, which will start on the 29 September 2019, through the website or by directly connecting with QBIC through its social media platforms.

Source: QNA
Cover image credit: QBIC