Fikra Program Concludes its Second Edition with a Final Ceremony
Fikra Program held its concluding ceremony on 9 May 2017 at Dar al Athar al Islamiyyah's Yarmouk Cultural Centre. Gulf Bank was pleased to be among the enrollers of this edition of Fikra Program's entrepreneurship training program for business owners with unique business ideas.
Fikra Program aims to provide entrepreneurs with all of the devices and assistance they need to establish their very own innovative organisations. Handled by Cubical Services Business Incubator, Fikra Program is an extensive entrepreneurship training program that gives intensive entrepreneurs with every one of the tools and assistance they call for to develop their own innovative business. The training consists of: management abilities; thorough business preparation; advertising; investment possibilities; browsing lawful problems and agreements; and even more. The program also offers one-on- one mentoring for the aspiring business owners. The very first version of the program resulted in developing 33% of organisations, while 44% are still in the arrangement phase with investors.
There were greater than 170 entrepreneurs that related to Fikra Program's second version. The choice procedure started in December 2016 where 40 shortlisted concepts pitched their business concepts to a panel of Fikra Program courts. After that, 15 innovative business ideas were chosen and approved right into Fikra Program. The program was five months of intensive training and advice, consisting of more than 24 academic workshops. Additionally, Fikra Program dealt with the Kuwait National Fund, assisting the individuals prepare the requirements needed for obtaining funding. Participants likewise saw Dubai SME fund to recognize the community and broaden their services to the GCC.
During the concluding ceremony, the business owners pitched their concepts to a target market of greater than 200 entrepreneurs, potential investors, high ranking government officials, and the principals in the startup ecological community. The event showcased an exhibition where the 15 groups showed their business suggestions and recognized collaboration opportunities.
Commenting on the success of the program for the second consecutive year, Ms. Laila Al-Qatami, Assistant General Manager of Corporate Communications at Gulf Bank said: "It was great to be a part of fostering a business spirit in Kuwait's young people. The business strategies and suggestions offered were top-notch, varied, and innovative. Gulf Bank wish to congratulate all of the individuals in Fikra program and prolong our best wishes to the 15 last businesses; we look forward to seeing their services expand and them making their mark. We were extremely happy to be an enroller of the Fikra program, the group behind it are themselves effective instances for upcoming entrepreneurs.
Ms. Mariam Hisham Al Rayes, Fikra Program Manager at Cubical Services, shared her sense of satisfaction in the individuals and the tremendous work that was put in by each and every one of them to make certain that their ideas were heard. Ms. Al Rayes said: "When Fikra Program wased initially established, it was influenced by the idea of symbolizing a support system for young fresh minds that have a lot to offer however lack the advice and tools. Today, we stand high and happy with just what they have accomplished and exactly what Fikra Program was able to supply each individual. Congratulations to every of them for placing fantastic initiatives right into changing their innovative suggestions right into actual organisations. We waiting to the third edition of Fikra Program, and are delighted to sustain brand-new and innovative suggestions by striving entrepreneurs and help them establish their companies."
An highlight of the event was a speech given by HE Al Sheikha Al Zain Al Sabah, Under Assistant of the Ministry of State for Youth Matters of Kuwait, which is a strategic partner of Fikra Program. HE Al Sabah stated. "It is a pleasure to be part of Fikra program's very first and second editions and we are proud to be a critical partner of such an impactful initiative. The program has actually seen great success and has actually attracted a large number of business owners and I think it will certainly continue to do so, taking into account the indispensable contribution it is making to the lives of numerous young people. I want to say thanks to the coordinators, enrollers, coaches and fitness instructors who added a lot of their time and efforts to ensure that Kuwait's young people are outfitted with what they should safeguarded a bright and prosperous future".
Gulf Bank, in addition to all trainers, mentors and judges that were associated with the program, were honoured for their assistance and efforts, and extra significantly, for counting on the power of youth and exactly what they might attain when equipped with the required knowledge and skills.
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