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StartupQ8 Event
This document provides an overview and introduction of the StartupQ8 event held on September 26, 2012 in Kuwait. It discusses why the event was conducted in English, announces the winning logo, and introduces Abdullah Alshalabi, the speaker for the event. Alshalabi's background and experience living in multiple countries is summarized. The document then defines what a startup is, how it differs from a small business, and why developing a startup ecosystem is important for Kuwait. It outlines some of StartupQ8's initial successes in its first 100 days and encourages attendees to learn from each other.
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StartupQ8 Event
- 1. Welcome to StartupQ8Event :) StartupQ8 1st Event Speaker: Abdullah Alshalabi Date: 26/9/2012
- 2. Why the eventis 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)
- 3. And the winningLogo is…………
- 4. Let’s learn fromeach other
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- 6.
- 7. Who am I? A guy in love with entrepreneurship
- 8. Who am I? Mechanical Engineering Kuwait University (2002- 2007)
- 9. Who am I? Kuwait(Jul 2007-May 2010) Hong Kong (Jul 2010-Jun 2011)
- 10. Who am I? Hong Kong (2010- Uruguay (Summer 2011) 2011)
- 11. Who am I? Spain (Sep 2011 – Jun Uruguay (Summer 2011) 2012) Barcelona(Sep 2011- Dec 2011) Granada(Jan 2012- Mar 2012) Barcelona(Mar 2012- Jun 2012)
- 12. Who am I? Spain (Sep 2011- Jun 2012) Kuwait (Jun 2012 – Now) Kuwait (Jun 2012- current) Kuwait (Jul 2012- current)
- 13. Fishfishme team Pescao -Designer Krishna - Programmer Jose - Co-founder
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- 15. Wait, what isa Startup?
- 16. What is aStartup? “A startup is a temporary organization designed to search for a repeatable and scalable business model” Steve Blank
- 17. 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 family What 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
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- 19. What is StartupQ8? A blog and a monthly event that gathers people interested about entrepreneurship and innovation
- 20. Why do weneed StartupQ8? Because we need to establish a Startup Ecosystem in Kuwait
- 21. What is aStartup Ecosystem? Is a friendly and healthy place to start a company Silicon Valley, USA Amman, Jordan Berlin, Germany Singapore Dubai, UAE London, UK Santiago, Chile Barcelona, Spain Bangalore, India
- 22. What are theelements of a Startup Ecosystem? We need to work together to make Kuwait a great place to start a new business
- 23. What will happenif we a have a healthy Startup Ecosystem?
- 24. This is whatStartupQ8 is all about, is to help in building successful Kuwaiti Startups
- 25. We started StratupQ8just 100days ago
- 26. And we alreadyhad some great results
- 27. 1- Made friendsin Finland and Estonia
- 28. 2- A specialweekly coverage about Kuwait in Wamda.com I joined Wamda team last week to cover entrepreneurship scene happening in Kuwait Wamda is a platform designed to empower entrepreneurs in the MENA region. The first post will be about StartupQ8 event :)
- 29. And the bestthing about StartupQ8, it’s a great way to meet like minded people
- 30. It’s still along way to transform Kuwait to a better place for entrepreneurs and Startups
- 31. We still havea lot of work to do
- 32. But, let’s startwith something simple….
- 33. Let’s learn fromeach other