Microsoft has introduced that it has signed a memorandum of understanding (MoU) with Cubical Companies, a enterprise incubator that gives planning, implementation and operation providers to aspiring entrepreneurs and start-ups in keeping with Kuwait Imaginative and prescient 2035.
“The position of start-ups and small companies is well-known,” mentioned Charles Nahas, common supervisor of Microsoft Kuwait. “Their actions have lengthy accounted for the biggest share of non-oil GDP within the area. Supporting rising innovators as they push the boundaries of human endeavor has at all times been a ardour of ours right here at Microsoft. As we work with Cubical Companies Enterprise Incubator to supply entry to our Microsoft for Begin-ups initiative, we proceed our assist for Imaginative and prescient 2035, equipping Kuwait’s entrepreneurial group with every part they should innovate freely and obtain extra .”
Below the settlement, Microsoft will present choose firms with entry to its Microsoft for Begin-ups program, which is designed to speed up progress and innovation utilizing the clever cloud. Cubical Companies’ enterprise incubator serves entrepreneurs and enterprise homeowners via 4 principal divisions, that are the SME Division, the Actual Property Division, the Incubation Packages Division and the Entrepreneurship Packages Division.
“Imaginative and prescient 2035 requires the complete dedication of incubators like Cubical Companies,” mentioned Abdulrahman J Alfawaz, CEO, Cubical Companies. “However we’re additionally in search of companions who can assist our efforts to information, encourage and empower our innovators and entrepreneurs within the nation. Microsoft’s monitor report of mentoring fledgling companies is exemplary. We now have now set out as companions to speed up the expansion of the SME sector in pursuit of a future that advantages all Kuwaitis.”
Cubical Companies can even promote the Microsoft Begin-up program to its prospects and refer start-ups that meet sure standards to Microsoft for inclusion within the scheme. In flip, Microsoft will refer appropriate start-ups to Cubical Companies for its personal incubation program.
Some start-ups might also qualify for Microsoft Workshop alternatives, the place entrepreneurs and their management groups will obtain one-on-one coaching from Microsoft business consultants via shows, workouts, case research, on-line movies and Q&A periods, and solutions. In some circumstances, Microsoft might also supply part-time consulting offered by its product consultants and enterprise and technical leaders.