Scale7, the first fashion and design business incubator in Qatar founded by Qatar Development Bank (QDB), in partnership with M7, has received an encouraging response for Wave 2 of its acceleration programme and Wave 1 of its incubation programme.
The incubation program is the organisation’s pioneering business incubation, training, and mentorship initiative, while the acceleration program Wave 2 caters to Qatari fashion and design entrepreneurs and startups who are looking for a launchpad and a hub in Qatar to accelerate their growth.
Scale7’s intensive three-month acceleration and incubation programme has encouraged a competitive environment among the Qatari entrepreneurs as more than 81 fashion and design entrepreneurs signed up for the two respective programmes.
A total of 34 applications were received for the acceleration programme, while 47 entrepreneurs applied for the incubation programme. After intense screening, five applicants have been shortlisted for the acceleration programme and 12 aspiring entrepreneurs have been selected for the incubation programme.
The two programmes will facilitate innovative startups in accelerating their growth momentum, in line with Scales7’s vision to be a catalyst for reshaping the fashion and design sector in the region and beyond. Throughout the 12-week programme, the budding entrepreneurs will work towards refining and enhancing their business ideas.
Despite the unprecedented times and the current challenges faced globally, the two programs are witnessing the determination and dedication, as well as the high caliber of innovative ideas submitted. The selected startups will have the opportunity to engage in specialised workshops hosted by international experts, one-on-one mentoring sessions with several industry specialists as well as partners, and receive mentor support from world-class professionals and global leaders in fashion technology.
Aysha Khalifa al-Romaihi, project manager of Scale7, said: “It gives us tremendous pleasure to announce that our incubation and acceleration programme has surpassed our expectations. What was launched as a platform to support the next generation of Qatari fashion startups has today catapulted into a movement.”
She added: “The credit for this stupendous success goes to our hard-working and highly innovative talent who by virtue of their sheer determination have displayed their creative and innovative spirits to the Qatari business ecosystem.
“Looking at such latent talent, we at Scale7 will keep supporting the budding entrepreneurs through various initiatives, which will further develop the Qatari private sector.”
The 12-week acceleration programme Wave 2 commenced on September 6 and will conclude on November 24, 2021, giving participants a chance to interact face to face with each other. The programme aims to encourage local fashion and design startups with innovative solutions to leverage this opportunity and support Qatar’s commitment to positioning itself as a leading fashion hub regionally.
The incubation programme was designed to offer workshops, coaching, and mentorship to a number of selected startups as well as internally selected participants from the pre-incubation programme. The programme aims to support designers who are at the idea stage with Minimum Viable Product (pre-revenue) through coaching sessions in order to test their ideas and receive evaluation before the market launch. The incubation programme commenced on September 13 and will conclude on November 29, 2021.
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