Participants in the “Innovation and Entrepreneurship” Summer Program Develop Financial Plans for their Startups and Learn to Communicate their Businesses and Pitch
By the end of the “Innovatin and Entrepreneurship” summer program, students learned to develop a financial plan for their businesses. Ali Almajthoob, Associate Director at Middle East Venture Partners (MEVP), emphasized on the importance financial planning for startups to ensure their success.
He stressed on the importance of foreseeing any challenges that the business may face while formulating a financial plan. These challenges may be related to the project’s source of funding and spending on specific resources.
Students were also introduced to best practices in relation to communicating their businesses and pitches. Marwa Aleskafi, Head of Acceleration Program at Brinc Batelco IoT Hub, highlighted the importance of presentation and communication skills in reaching the desired objective when pitching a business to startups, customers or probable co-founders.