QBIC marks 1st virtual ‘Demo Day’; announces further investment on incubatees
September 26 2020 07:57 PM
QDB CEO Abdulaziz bin Nasser al-Khalifa (centre) with other members of the panel.
QDB CEO Abdulaziz bin Nasser al-Khalifa (centre) with other members of the panel.

Qatar Business Incubation Centre (QBIC), a division of Qatar Development Bank (QDB), has selected its newest startups for investment during ‘Demo Day’, which was held recently.
Hosted in a new hybrid event format with a live-stream broadcast, Demo Day celebrated the 13th wave of graduates from QBIC’s intensive LeanStartup Programme (LSP), who will continue in the incubation journey and have access for further cash investment and other benefits.

One of the participants pitching their ideas before a panel

The live portion of the event, featuring influencer Abdullah al-Ghafri as master of ceremonies, saw select startups and ‘scaleups’ pitching to the incubation committee and was live streamed on YouTube for the public and potential investors to partake.
The interactive event allowed audiences to pose questions and comments directly to the startups, which come from QBIC’s general and Digital and Beyond (D&B) powered by Ooredoo, incubatee pool, via a live chat.
QBIC general manager Hamad Dashin al-Qahtani said: “For the first time, our most promising startups were connected to audiences via an innovative digital platform to deliver their pitch ideas in a safe manner in line with the precautionary measures to combat the spread of Covid-19.
“With the health and well-being of our community as a top priority, QBIC remains deeply committed to supporting entrepreneurs and contributing to Qatar’s shift towards a knowledge-based economy. This year’s Demo Day proved to be an immense success, drawing potential investors to the screen to pledge their funding to our talented startups.”
Supported by QNB, the event invited the participation of leading figures from the local entrepreneurial ecosystem and numerous incubated startups. Participating startups and scaleups were selected last December and are now looking at unique investment and funding opportunities.
Following the conclusion of Demo Day, investors were able to book meetings with startups that have the biggest potential to discuss avenues for future collaboration and incubation. The startups that pitched their ideas were Find a Nurse, E-Qatar, Fasrly, ASAAP, iFor Build, Debito, Printle, Material Bids, and C-Wallet.
Select Demo Day entrepreneurs will continue to receive support, advice, and mentorship from QBIC as part of its mission in contributing to Qatar’s evolving business environment and creating a sustainable environment for entrepreneurs to focus on transforming their ideas into business ventures.
For more information about the programme, visit this link.

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