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Al Fikra, Qatar's National Business Plan Competition 2014 Overview January 2014. Objectives. Raise awareness about entrepreneurship and promote community interest on starting new enterprises.
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Al Fikra, Qatar's National Business Plan Competition 2014 Overview January 2014
Objectives • Raise awareness about entrepreneurship and promote community interest on starting new enterprises. • Provide project flow to the different incubators and thus reinforce the Entrepreneurial eco-system. • Convert business plans into a real businesses. • Foster creativity and introduction of new products and services, which in turn would lead to emergence of new businesses and hence diversification in the local market.
Timeline Launch Date: January 23rd 2013 End Date: May 9th 2013 Applicants 2013 127 Business Ideas were submitted (Registered Applications) 80 Business Plans were submitted 69 Business Plans were Eligible for Judging Panel Evaluation 6 Winners 54% of total submissions were eligible Workshops Six awareness sessions Five Financial Statement Analysis Five Business Plan Writing Two “A to Z of Entrepreneurship” Workshops 290 people attended the workshops Al Fikra 2013 – Background Overview
Al Fikra 2013 – Workshops If you wish to conduct more workshops, please contact us: halmisnad@eq.gov.qa +974 40125021
Al Fikra 2013 – Background Overview Total Applications Breakdown by Sector
Lessons Learnt – Al Fikra 2013 • Integrate Arabic language completely into Al Fikra • Provide Greater Prizes, both cash and support • Streamline Application Process (Business Idea, Business Plan, Presentation) • Engage stakeholders and academic partners in the planning stage • Provide a call center • Expand our marketing campaign to reach a larger audience
Timeline Announcement: November 17th -19th 2014 Launch Date: January 12th 2014 End Date: TBD with Academic Partners Applicants 2014 (Forecasted) 130 Submissions 6 Winners Workshops (Forecasted) SixFinancial Statement Analysis SixBusiness Plan Writing Three Workshops led by Sponsors One to One Coaching Sessions *All Arabic Workshops will be held at Qatar University Al Fikra 2014
Eligibility Criteria • Qatari college students and new graduates from Qatar • Qatari professionals, entrepreneurs and postgraduates with business plans for Qatar • For teams of residents living in Qatar, a Qatari partner per team is required in order to set a business with a legal structure that could be operated and registered in the State of Qatar
Proposed Awards *This applies to both categories
Best University Awards One University will receive a cash prize of 50,000 QAR for participating and being the most involved This will be measured through the following: • Amount of applications from that particular university • Amount of attendees to workshops from that particular university
Marketing Deliverables Posters Web Banners E-mail Shot Backdrop Roll Ups Welcome Pack & Notepad Brochure & Notepad Bag USB Envelope & Invitation E-Invite Awards & Plaques Certificates & Cheques Film Print Ads Gift Item
KPIs • Reach/Exceed Forecasted Applicant Target • No. of People attending workshops • Social Media Reach (compared to last year) • Number of eligible applicants • Higher involvement of Qatari participants
Enterprise Qatar www.eq.gov.qa www.alfikra.qa Tel: 40125000 Fax: 40125001