Posted on May 16, 2017

After four days of intensive training, Qatar Development Bank (QDB) and its partner for the joint venture, Babson College, concluded their entrepreneurial skill-building workshop: Entrepreneur’s Boot Camp. The training program was held at the St. Regis Doha, from 7 May to 10 May 2017.

Entrepreneur’s Boot Camp was open to public registration and it was attended by a total of 46 working professionals, aspiring entrepreneurs as well as founders of existing small and medium-sized enterprises (SMEs), who wished to learn more about the latest trends in entrepreneurship and innovation and seize opportunities to transform creative ideas into successful business models.

The visiting faculty members from Babson College, the globally-revered academic institution for entrepreneurship, each brought their distinct teaching pedagogies to the workshop. Adjunct Lecturer at Babson College, Professor Angelo J. Santinelli, discussed several core themes during the course of the camp, such as business development and strategic planning, sharing his experience of more than 25 years in entrepreneurship and business. Internationally-recognized specialist on entrepreneurship, Associate Professor Dr. Phillip Kim elaborated on how entrepreneurial ideas become realities and stressed on the importance of team-building, emerging economics, and technology entrepreneurship. 

Commenting on the collaboration between QDB and Babson College, Chief Executive Officer (CEO), QDB, Abdulaziz bin Nasser Al-Khalifa said: "We are delighted by the turnout received at our first ‘Entrepreneur’s Boot Camp’ as it showed us the demand entrepreneurs across Qatar have for short, intensive training programs that deliver quality education on entrepreneurship that is practicable in the real market. To this end, we are particularly grateful to the contributions of two of the world's leading experts in the field of entrepreneurship – Professor Santinelli and Professor Dr. Kim – for their support of our main organizational objective, which is to strengthen the SME ecosystem in Qatar.”

Over the course of the four-day workshop, the attendees at the Entrepreneur’s Boot Camp engaged in rich discussions on a number of topics and explored common challenges faced by founders and chief executives of companies in areas such as ideation techniques, team-building, entrepreneurs, competitive assessments, defining value propositions, business model development, brand-building, financial management and customer acquisition. 

Commenting on bringing the college’s flagship crash course program to Qatar, Senior Director, Babson College, Vinod Radhakeesoon said: “It is an honor for Babson College for having brought our flagship Entrepreneur’s Boot Camp program to Doha. Through Babson's unique methodology of Entrepreneurial Thought & Action®, the participants are going to be challenged to think and act differently and exposed to various techniques and concepts that an entrepreneur encounters through a medium of interactive teachings and practical exercises. We look forward to learning about the outcomes of the participants’ entrepreneurial journeys post this Boot Camp that has been sponsored by Qatar Development Bank." 

Discussing the students with which the university’s program officers interacted during the workshop, Adjunct Lecturer at Babson College, Professor Angelo J. Santinelli said: “It has been a pleasure to work with such a wonderful group of entrepreneurs who have embraced our unique style of engaged learning. We look forward to working with Qatar Development Bank to build upon the success of this initial entrepreneurial endeavor.” Speaking on the importance of entrepreneurship lessons, Associate Professor Dr. Phillip Kim said: “Entrepreneurship is a tremendous force for innovation, creativity, and economic development. The participants represent a range of new business ideas and opportunities. We appreciate their excitement to learn and apply the lessons from the program. We look forward to the success stories that result from this initial sponsorship by Qatar Development Bank.”

The collaboration with Babson College comes as the latest in a series of initiatives which QDB has undertaken to promote human and economic development, diversify national sources of income, and motivate SMEs to play stronger roles in the private sector. In line with Qatar National Vision 2030, QDB locally extends wide-ranging financial and non-financial support to entrepreneurs across a myriad of private sector industries—the development organization runs a series of initiatives that promote the entrepreneurial spirit in the citizenry to create private startups on an ongoing basis.