(MENAFN) The recently concluded QSTP XLR8 cycle 13 Demo Day saw a number of aspiring startups pitch their ideas and strategies for providing innovative solutions to potential problems. These early-stage ideation programs provide a platform for startups to evaluate the commercial viability of their ideas, according to Mohammed Zebian, the Program Manager for Acceleration at Qatar Science and Technology Park (QSTP).
In an interview with The Peninsula, Zebian explained that the main objective of the program is to give aspiring startup teams the space to explore their ideas and examine their commercial potential. Through this process, they learn how to evaluate the business value of their idea, identify their target customer, and determine how to generate revenue. Teams also work on building prototypes and presenting their solutions through a pitch deck on Demo Day.
Zebian emphasized that the XLR8 programs aim to bring innovative ideas and their creators forward and teach them how to validate their ideas with commercial potential. This involves training them on how to present their ideas to a group of investors and launch a successful company.
As a member of the Qatar Foundation (QF), QSTP supports prospective startups in various ways, including funding, mentoring, and training. Through these programs, QSTP is helping to foster a culture of innovation and entrepreneurship in Qatar and the wider region.
The Demo Day event provides a valuable opportunity for aspiring startups to showcase their ideas and receive feedback from experts in the field. It also serves as a platform for potential investors to discover new ideas and invest in promising startups. Overall, the QSTP XLR8 cycle 13 Demo Day highlights the importance of supporting innovation and entrepreneurship in order to drive economic growth and create new opportunities in Qatar and beyond.
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