11th wave of Business Accelerator programme launched

In a ceremony held recently, Luminus ShamalStart inaugurated the 11th wave of Business Accelerator programme. Applications were opened in June and 255 innovative business ideas were received of which 32 teams were interviewed and 12 of them made it to the semi-final stage and received intensive Entrepreneurship Boot Camp training.

The selected teams showcased their innovative ideas before an external committee of jury members. Luminus ShamalStart Project Manager, Ibrahim Faza’ said, “… LuminusShamalStart plans to embrace and support 30 startups in the next 3 years in the manufacturing field in order to assist them succeed, grow and network them with the investors and financiers.” Wave 11 selected startups are supported by The One Foundation, Ireland. Through this programme, Luminus ShamalStart focuses primarily on startup companies.