Zain launches 'Zain Great Idea' competition and entrepreneurship program
- Kuwait: Tuesday, January 08 - 2013 at 09:14
- PRESS RELEASE
Zain, the telecommunications company in Kuwait, announced the launch of the "Zain Great Idea" competition and Entrepreneurship Program seeking innovative business ideas, as part of the organization's Corporate Social Responsibility (CSR) program which has the mission to support the national entrepreneurial endeavors of the youth.
For this program Zain has partnered with Brilliant Lab (BL), a startup accelerator services company whose main aim is to help foster the growth of entrepreneurs and new family ventures in Kuwait and the GCC. In addition, Zain has established a strategic partnership with Madrid's IE Business School as our educational partner, notably ranked the world's best business school by FORBES.
Zain will provide the participating entrepreneurs with the chance to participate in a four-step program. Participants will compete to be one of the thirty-five finalists who will gain a chance to get trained at IE Business School, by experts in the field of venture capitalism and start-ups.
The participants will acquire extensive knowledge on how to develop a solid business plan as groups, and will get the chance to participate in a venture day in Spain, where they will pitch their ideas and businesses to international investors.
Upon their return to Kuwait, the entrepreneurs will follow-up with Brilliant Lab through attending one-to-one consultations, focusing on their individual businesses. They will attain guidance in developing and consolidating their own business plans. All entrepreneurs will showcase their businesses at Zain's Demo Day, where they will be exposed to various financial and investment opportunities from local firms.
Brilliant Lab's global program acceleration model has an association with IE Venture Lab at IE business school - Madrid, Spain to help talented individuals from the Gulf develop themselves.
The Zain Great Idea program will provide entrepreneurs with the correct business educational tools, qualified mentors and cutting-edge international events where they can get new experiences that will help with their growth.
Zain said, "The "Zain Great Idea" initiative is part of our CSR strategy that aims to encourage entrepreneurship and to support the youth. We will remain committed and involved with society on many different levels. Supporting the talent in youth is just one of them. Our organization is proud that such a strategy is in synchrony with Kuwait's plans to enhance the country's economic and national development."
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