Doha: The Qatar Business Incubation Center (QBIC), founded by Qatar Development Bank (QDB) and Social Development Center (SDC), announces Demo Day, which is a graduation event for QBIC’s 8-week LeanStartup Program entrepreneurs. 44 entrepreneurs from 27 start-ups are taking part in the Program and the top 10 entrepreneurs will be selected to pitch to judges and investors at the Demo Day. The event will conclude next week on Tuesday.
QBIC’s LeanStartup Program provides entrepreneurs with a real hands-on learning experience of how to successfully start a company.
Running twice a year in Spring and Autumn, the Program is based on QBIC’s flagship Lean methodology.
While traditional textbook approaches require entrepreneurs to submit a business plan and feasibility study, QBIC by contrast requires no business plan as part of a rapid, lower cost and simplified approach.
Qatar Development Bank CEO and QBIC Chairman Abdulaziz bin Nasser Al Khalifa said: “We are very happy with the success of the Program for the second time. Today we are witnessing the graduation of the second batch of entrepreneurs who have undergone the LeanStartup Program experience that stresses importance of verifying a business idea or product by engaging with the customers before investing time conducting a business plan.”
“Entrepreneurs from the LeanStartup Program have successfully experienced making real revenue while selling their refined ideas,” he added.
The Peninsula
