Business plan contest launched in Qatar

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Budding entrepreneurs and creative individuals have been invited to submit their entries for the 2014 edition of Al Fikra – Qatar’s National Business Plan Competition.

Organised by Enterprise Qatar, the competition runs until 2 February, and allows people to bring their ideas to life by encouraging enterprising businessmen and women to submit plans for innovative startup projects.

Winners will receive cash prizes, consultancy and incubation services to help develop their ideas and turn them into profitable ventures.

Acting CEO of Enterprise Qatar, Ali Al Khulaifi, said: “We want to tap into one of Qatar’s most important natural resources: The aspiring minds of young entrepreneurs that are driving this country towards the future.

“We want to offer assistance and guidance to enable them to commercialise their ideas and see them grow.”

Al Fikra is open to all Qatari citizens and residents, with entries going through assessment stages before six winners are announced in May by a panel of judges.

Workshops and educational resources will be on offer to participants before submitting their business plans to the panel.

Al Khulaifi added: “Most young entrepreneurs struggle to find the kind of support they need, whether it’s coaching, or much needed business services that may be out of reach for start-ups.

“This competition has assembled important sponsors and strategic and academic partners to enrich the experience of all participants regardless of the outcome of their submissions.” To apply, visit www.alfikra.qa.

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