Qatar Business Incubation Center announces the opening of applications for the 5th wave of the Lean Acceleration Program

Jan 04, 2022 by BLJ Worldwide

Doha, Qatar - 2 January 2022: Qatar Business Incubation Center (QBIC), one of the largest mixed-use business incubators in the MENA region and a Qatar Development Bank (QDB) affiliate, has announced the start of registration for the fifth wave of its Lean Acceleration Program (LAP). The program is designed to accelerate the growth of companies with high potential and sizable customer bases and enhance their ability to attract local and international investments through mentorship and support.

LAP is distinguished in terms of targeting existing companies with remarkable monthly growth and its provision of the necessary push they need to become leading enterprises in their respective domains in the future. The fifth wave builds on the successes of its precursors, which have to date graduated over 200 companies that have contributed to the development of the Qatari market and, in some cases, to today’s most anticipated global event, the FIFA World Cup 2022 .

The program aims to develop existing businesses, stimulate their sales and marketing, and develop their products and services to reach wider customer segments. This is carried out through the program’s main services that include training entrepreneurs to reach local, regional, and global customers in the public and private sectors, find administrative and technical talents, and equipping entrepreneurs with the necessary knowledge and tools that enable them to attract smart financing, in addition to providing them with impactful guidance throughout the program’s duration. LAP concludes with a special demo day in which the best-performing companies present their work to the most prominent investors and capital owners from Qatar and beyond, with the aim of obtaining investments that contribute to accelerating their growth and expanding their market reach.

Enrollment in the program requires a Minimum Viable Product/Service (MVP), ongoing monthly revenue, a full-time co-founder, experience in using the business model, and the ability to fully commit to the 14-week program.

QBIC invites aspiring entrepreneurs to register for the fifth wave of LAP through the incubator's website at https://www.qbic.qa/incubation/accelerate-your-company. Registration will close on February 20, 2022.

To support the entrepreneurship ecosystem in Qatar, QBIC offers a number of programs that cover all stages of a company's growth, such as the Lean Manufacturing Program. It also provides several specialized programs to promote economic diversification and develop the skills of entrepreneurs in the country, including the Lean Coach Program.