Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced the launch of ‘inspireU’, an entrepreneurial state-of-the-art incubator and accelerator designed to support startups and SMEs in Kuwait. The incubator falls understc’s ‘Weyak’ initiative that focuses on supporting Kuwaiti SMEs and start-ups as well as other Kuwait-based innovative concepts, which reinforces supporting the youth, entrepreneurs, and innovators to pursue their creative visions.
All ambitious entrepreneurs who have innovative projects and startups, even if it is just an idea, can apply for the “inspireU” program by filling out the application form on www.stc.com.kw. It is worth mentioning that registration for the program is for a specific period only, as seats are limited. This is as a key step for applicants to share their Service/Product in a structured approach, where only complete applications will be evaluated according to the program criteria.
Over the past 9 years, stc Group leveraged its regional expertise and extensive industry knowledge in the startup sphere to formulate and refine the inspireU initiative. stc is now proud to extend this comprehensive program to Kuwait, building on its existing support towards bolstering and empowering SMEs. The program offers a rich variety of support mechanisms for fledgling businesses and entrepreneurs. “inspireU” provides entrepreneurs with workspaces in both Kuwait and Saudi Arabia and assists in obtaining permits and licenses for winning projects in addition to providing practical guidance and targeted trainings. Participants with winning projects will also have access to several networking opportunities through participation or visiting international conferences such as (MWC - Silicon Valley - LEAP). In addition, inspireU provides financial support, with a value of KWD 8,000, to enable startups to realize their ideas and dreams. This incubator will enroll the winning participants in a 6-month training program where they can enjoy all these services and benefits.
Danah AlJasem, General Manager of Corporate Communications at stc, said, “We are proud to launch this initiative, which is unique in kind, for the first time in Kuwait, especially following its success in Saudi Arabia. Launching inspireU aligns with our ongoing commitment to support aspiring entrepreneurs, who are considered the backbone of the Kuwaiti economy. This platform aims to assist ambitious individuals who are interested in transforming their creative ideas into functional businesses that can give back to the community in various ways. Our goal is to help these businesses rise, succeed, and in turn, stimulate economic growth and innovation.”
AlJasem added, “At stc, we are deeply rooted in our commitment to support the community through our extensive CSR program, which goes beyond the boundaries of business and ventures into realms of making a real and sustainable difference in the communities we serve. We believe in the power of entrepreneurship, the creativity it brings, and its capacity to drive economies. This belief fuels our commitment to support entrepreneurial concepts, and it is one of the many causes that our CSR program champions. Moving forward, we will continue to explore and introduce platforms that can guide and empower SMEs to strengthen their business models and integrate sustainable practices into their operations for long-term success.”
stc is a staunch advocate of Kuwaiti SMEs and startups, especially those who implement their digital transformation strategies to innovate and streamline their operations. The Company has supported the SME segment by providing easier access to a range of tools that can support the stimulation of organic growth in cost-efficient ways. In support of the sector, stc collaborated with various entities and organized numerous activities that aimed to shed light on the achievements of local entrepreneurs, SMEs, and start-ups in Kuwait. To support the surrounding community and empower the youth,stc actively partners with the government sector and companies within the private sector to create a wider impact in supporting the local economy by backing innovative initiatives.
To find out more about stc’s events, promotions, and sponsorships, follow stc’s official social media platforms, visit one of stc’s branches, download Mystc Kuwait application, visit www.stc.com.kw or contact the customer service center by dialing 102 for around the clock assistance.
Source: https://www.stc.com.kw/en/news/19-07-2023-stc-launches-thestartup-accelerator-inspireU