stc, the Kuwait Telecommunications Company, renowned for its digital leadership and innovative services, continues to champion the digital transformation journey in Kuwait by announcing the continuation of the first phase of its groundbreaking “InspireU” initiative. This entrepreneurial incubator and accelerator have been pivotal in supporting budding start-ups and small to medium-sized enterprises (SMEs).
The InspireU initiative in Kuwait is an integral part of stc's “Weyak” umbrella initiative, dedicated to fostering Kuwaiti SMEs, start-ups and local innovative concepts. In this landmark 10th iteration of the InspireU program hosted by stc, three promising start-ups have been selected from the Kuwaiti market, meeting the stringent criteria established by the program. These three ventures are set to join a cohort of 20 companies participating in the program's tenth edition.
Following their selection, these start-ups will undergo an intensive six-month training camp aimed at accelerating their growth and refining their business strategies. As part of this unique opportunity, they will also visit the InspireU facility in the Kingdom of Saudi Arabia, where they will engage in rigorous courses designed to propel their growth trajectories.
The InspireU initiative offers entrepreneurs access to workspaces in both Kuwait and Saudi Arabia, along with invaluable assistance in obtaining permits and licenses for their projects. Practical guidance and tailored training are provided to ensure the success of these ventures.
Winning projects will gain access to extensive networking opportunities through participation in international conferences. Moreover, InspireU offers financial support to help start-ups realize their innovative ideas and aspirations.
Danah Al-Jasem, general manager of corporate communications at stc, expressed her excitement, stating, "We are thrilled to shortlist the three winning projects in our inaugural 'InspireU' program in Kuwait, a program that has been running successfully for a decade within the stc group. This initiative aligns perfectly with the core objectives of our 'Weyak' SME and entrepreneurship initiative. stc stands as a staunch supporter of Kuwaiti SMEs and start-ups, particularly those charting their digital transformation journeys to innovate and streamline their operations."
Al-Jasem concluded, "We take great pride in launching 'InspireU' in Kuwait and witnessing the remarkable turnout for this initiative. We extend our warmest congratulations to the shortlisted projects and wish them the best of luck in their upcoming training camp and overall entrepreneurial journey."