QBIC, a QDB Incubator, launches third wave of LMP

LMP targets manufacturing projects in Qatar to support national and local industries

  

Doha, Qatar: The MENA region’s leading mixed-use business incubator, Qatar Business Incubation Center (QBIC) – founded by QDB – launched the third wave of the Lean Manufacturing Program (LMP), aimed at developing the manufacturing capabilities of local emerging companies and taking them to new levels. Candidate projects are to receive six-weeks of training on the most important aspects of plant operation and product development.

LMP targets manufacturing projects in Qatar to support national and local industries. Participants in the program are trained to develop their ideas leveraging the advice of local and international experts and partners. In this wave, a large number of applications were received from ambitious and promising projects and companies, and 15 companies were selected for the program to receive education, training, and development.

Commenting on the occasion, Executive Director of Advisory and Incubation at QDB Mr. Ibrahim Abdulaziz Al-Mannai said, “We are pleased with the applicants for this LMP’s edition and the great ambitions of local companies. This adds to our responsibility in developing the program year after year. The LMP is in line with our efforts at QBIC and QDB to support the industrial sector in the country and advance the capabilities of emerging national industrial companies.”

Speaking of the participating projects, Al-Mannai continued, "We are looking forward to seeing the companies that will come out of this wave. They will constitute a strong part of the private sector at the level of manufacturing local products that will boost the national economy."

Participating entrepreneurs are also to gain a thorough, hands-on understanding of the holistic manufacturing process through a series of practical sessions that are based on the lean methodology. Towards concluding the project, participants will be able to present their achievements to a specialized committee and potentially receive financing, a dedicated workshop space, and on-going coaching.

QBIC offers a variety of programs to support entrepreneurship in Qatar, which include all stages and types of companies, such as the Lean Acceleration Program, ending this month. QBIC also provides various other programs such as the Lean Coach Program, the Lean Startup Program, and other programs that can be found at qbic.qa.

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About QBIC:

Qatar Business Incubation Center (QBIC) is one of the largest specialized mixed-use business incubators in the Middle East and North Africa (MENA) region. QBIC empowers committed entrepreneurs to start and grow companies by incubating, developing, connecting and investing, and QBIC is dedicated to the long-term success of entrepreneurs.

QBIC was founded by two of the leading entrepreneurship institutes in Qatar: Qatar Development Bank (QDB), and Nama. With a mission to develop the next wave of pioneering startups and entrepreneurs in Qatar.

QBIC’s flagship initiatives are based on the proven Lean Methodology framework, which helps transform innovative ideas into startup businesses. This is delivered through a variety of programs, namely the LeanStartup Program, an entrepreneurial program that provides a real world, hands-on learning experience on how to successfully start a company. In addition to this, QBIC offers the Lean Acceleration Program, designed for high-potential businesses to increase their investment readiness. QBIC also offers several specialized programs catering to specific growth domains, such as Lean Manufacturing Program and Lean Coach Program.

www.qbic.qa 

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