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Welcome to StartupQ8 Event :) StartupQ8 1st Event Speaker: Abdullah Alshalabi Date: 26/9/2012
Why the event is in English!!!1. This event is not only for Kuwaitis (Diversification = innovation)2. We need non-Arabic speakers (Most talented people in Kuwait don’t speak Arabic)3. We need to stay connected with the world (Share and learn from other countries experiences)4. English is the “Learning Language” (Stay update or die)
What is a Startup? “A startup is a temporary organization designed to search for a repeatable and scalable business model” Steve Blank
Startups vs Small Businesses Startups Small Businesses Fully committed to support and boost Small Businesses are companies built to make Startups are companies with founders that businesses and innovation entrepreneurship, small have a vision to become big and world class companies enough money to feed their families. Usually their and usually these companies are considered very founders prefer to stay small and let their family innovative members manage the business for generations Startups: Small Businesses:- New product - Known- New market product/service- Unknown - Known customer customers - Low risk- Seeking to create a - Want to keep it big company with small within the high potential of Key Characteristics Key Characteristics family growth • Create 1,000s of jobs • Create 10-100 of jobs - Have small- Very risky, but very • Attract international talents • Attract cheap labor potential to grow rewarding • Revenue > US$100M • Revenue < US$1M • Change the world to a better place • Want to feed their familyWhat do they need? (Ecosystem elements) What do they need? (Ecosystem elements)• Mentorship and advice • Late stage investors • Initial investment• Talent and skills • Global network • Grants and Loans• Incubators • Education • Land• Early stage investors • Regulations that support their products
What is StartupQ8? A blog and a monthly event that gathers people interested about entrepreneurship and innovation
Why do we need StartupQ8? Because we need to establish a Startup Ecosystem in Kuwait
What is a Startup Ecosystem? Is a friendly and healthy place to start a company Silicon Valley, USA Amman, Jordan Berlin, Germany SingaporeDubai, UAE London, UK Santiago, Chile Barcelona, Spain Bangalore, India
What are the elements of a Startup Ecosystem?We need to work together to make Kuwait a great place to start a new business
What will happen if we a have a healthy StartupEcosystem?
This is what StartupQ8 is all about, is to help in building successful Kuwaiti Startups
2- A special weekly coverage about Kuwait inWamda.comI joined Wamda team last week to cover entrepreneurship scenehappening in KuwaitWamda is a platform designed to empower entrepreneurs in the MENA region. The first post will be about StartupQ8 event :)
And the best thing about StartupQ8, it’s a great way to meet like minded people
It’s still a long way to transform Kuwait to a better place for entrepreneurs and Startups