1. OK,
so
we
agreed
that
we
need
entrepreneurs,
mentors,
a
service
providers,
university,
investors
and
the
government
all
involved
to
have
a
Startup
Ecosystem
Entrepreneurs
University
Startup
Investors
Mentors
Ecosystem
Service
Government
Providers
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

2. In
Kuwait
our
government
never
last
more
than
1
year,
so
let’s
remove
it
from
the
equaCon
to
make
things
easier
Entrepreneurs
University
Startup
Investors
Mentors
Ecosystem
Service
Providers
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

3. So
the
quesCon
is,
what
is
the
best
way
to
kick
start
a
Startup
Ecosystem
in
Kuwait?
?
Entrepreneurs
?
University
?
Startup
Ecosystem
Investors
?
?
Mentors
Service
Providers
?
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

4. The
answer
is……….through
incubators
What
is
an
incubator?
Is
a
program
that
supports
entrepreneurial
companies
to
Money
develop
and
grow
their
businesses.
Incubator
usually
provide
funding,
mentors
and
services
(office
space,
legal,
financial…etc)
for
a
small
equity
share
in
the
startup,
$50,000
usually
less
than
15%.
Services
You
have
a
brilliant
idea
You
apply
to
the
You
get
incubator
accepted
Mentors
The
incubator
usually
provides
its
services
to
20-­‐30
startups
(every
year),
hoping
that
some
of
them
will
be
a
hit
in
the
near
future.
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

5. Below
is
a
list
of
some
famous
incubators
from
around
the
world:
USA
USA
EU
$18K
for
6%
equity
EU50K
for
10%
equity
$15K
-­‐$20K
for
<
10%
equity
Mentorship,
Mentorship,
Mentorship,
training
and
office
training
and
office
training
and
office
for
3
months
for
3
months
for
1
year
EU
&
South
America
USA
Kuwait
?
EU40K-­‐50K
for
10%
$25K-­‐$100K
for
5%
equity
Mentorship,
training
Mentorship,
office
and
and
office
for
1
year
designers
network
for
3-­‐6
months
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

6. OK,
so
if
we
have
an
incubator
we
will
have
most
of
the
elements:
Money
=
investors,
services
=
service
providers,
mentors
and
entrepreneurs
✓
Entrepreneurs
?
University
?
Startup
Ecosystem
Investors
✓
Service
✓
Mentors
Providers
✓
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

7. But,…
who
should
be
the
incubator?
How
can
we
convince
mentors
to
join?
How
can
we
a_ract
talented
people
to
support
us
and
join
the
move?
How
can
we
get
the
a_en`on
of
the
investors,
the
press
and
the
government
all
at
the
same
`me?
How
should
the
incubator
be
structured?
Who
fits
the
right
profile
to
run
this
incubator?
And
so
many
other
ques`on…..
Done
by
Abdullah
Alshalabi
–
ashalabi7@gmail.com

8. In
short,
we
need
an
incubator
to
accelerator
the
startup
scene
here
in
Kuwait.
Who
should
be
the
incubator?
And
how
should
it
be
structured?
These
are
the
ques`ons
that
will
be
answered
in
the
next
post,
stay
tuned
:)
Entrepreneurs
University
Kuwait
Mentors
?
Service
Providers
Investors