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Tribune News Network
Doha
Qatar Science & Technology Park (QSTP) is inviting ambitious entrepreneurs to register for the Cycle 9 of its flagship programme XLR8.
The registration is open until January 31, 2020.
Interested entrepreneurs can apply via QSTP’s dedicated website https://qstp.org.qa/qstp-xlr8/
In today’s world of fast-tracked technological development, institutions around the world are creating initiatives aimed at supporting entrepreneurs and bolstering innovation. These include XLR8, Qatar Science & Technology Park (QSTP) flagship accelerator programme, which, since its inception four years ago, has contributed to the growing innovation ecosystem in Qatar and propelled the growth of aspiring tech entrepreneurs around the world.
Out of the startups that have emerged from XLR8 so far, a number of companies have achieved success both in Qatar and foreign markets. These include WakeCap, a company that develops wearable technologies to improve the safety of construction workers and increase productivity on sites, and Stellic, a fully-integrated portal that brings together academic planning, data analytics and career navigation.
Both companies have successfully expanded beyond Qatar, making their mark in international markets such as China, the US and Mexico.
Through the 10-week training and mentorship programme, QSTP – a member of Qatar Foundation Research, Development and Innovation (QF RDI) – provides participants with the opportunity to interact with like-minded people to explore innovative solutions to an array of challenges, and equips them with the tools necessary to succeed.
It features three modules that take participants on a stimulating journey to transform their ideas into products with the potential to make a commercial impact.
The first module helps participants identify target markets, design an early prototype and solicit customer feedback, while the second enables entrepreneurs to assess whether the market is large enough to sustain a startup. The third module trains them on how to attract early stage investors and additional investment to grow their startups. 
Yosouf Abdulrahman Saleh, executive director of QSTP, said: “QSTP’s XLR8 is contributing a great deal to fostering the local startup ecosystem and private sector investments in emerging technologies, which will strengthen Qatar’s position as a regional tech hub. The programme’s success is evident through the increasing number of participants and successful startups graduating from each cycle.”
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04/12/2019
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