Boubyan Bank has announced that its incubation program for startups, Boubyan Incubation Program, became an AWS Activate Provider in Kuwait. This will help in empowering entrepreneurs and startups, and provides them with cloud computing resources from Amazon Web Services (AWS) to help them innovate and grow. This comes in line with Boubyan Incubation Program’s focus on providing the best services and solutions to support the initiatives of young Kuwaitis and Kuwaiti startups taking part in its incubation program.
Mr. Hamad Al Fouzan, AGM & Head of Innovation and Partnerships at Boubyan Bank stated: “Ever since the growth of digital services accompanied by the accelerated developments in Kuwait and the wider region, Boubyan Bank has been one of the first institutions to support this trend. The bank continues to invest in digital services along with creating awareness on the importance of using modern technologies in all our daily transactions to boost the business environment and support Kuwaiti projects and startups looking for digital services.”
Al Fouzan went on to add: “Boubyan Bank’s management will continue cooperating with many companies that support digital services such as AWS, which provides many advantages and services for entrepreneurs and startups in order to help them build the infrastructure of their projects and enable them to achieve their success and growth.”
Participants in Boubyan Incubation Program for startups will get access to the resources they need to quickly get started on AWS – including credits, tech support, training, exclusive offers, and go-to-market support along with tailored guidance, education and resources based on unique startup profile. Startup builders will also take advantage of personalized recommendations and guided pathways to technical training, mentorship, and customer growth opportunities for their startups.
Speaking about Boubyan Incubation Program for startups, he explained: “This program has been specifically designed to support the initiatives of young Kuwaiti entrepreneurs and startups in addition to providing them with some resources and services that serve as an integrated training environment. This aims to upskill them and to reinforce the culture of creativity, innovation and entrepreneurship, helping them translate their ideas and innovations into viable economic projects. By doing so, we will help promote entrepreneurship as we offer services and training programs to entrepreneurs that will increase the chances of success and sustainability for their projects.”
Al Fouzan stressed: “In Boubyan Bank, we always seek to offer innovative simple solutions that help cement our relationships with customers and provide them with excellent services, including offering creative and innovative solutions. Boubyan Bank is very focused on this and has a fully dedicated department for innovation that works on providing outstanding banking and non-banking services. It is safe to say that Boubyan Bank has succeeded in changing the traditional idea about the banking sector.”
Vinod Krishnan, Head of Middle East, AWS said, “We are excited to support Boubyan Bank incubation program to empower the Kuwaiti startup ecosystem. Boubyan Bank understands the power of cloud technology in inspiring entrepreneurship and driving innovation. Through the AWS Activate program, we look forward to working with Boubyan Incubation Program’s startup community, including fintech companies and others, and helping them leverage all that AWS has to offer for them to build new businesses and see them grow.”
AWS is a subsidiary of Amazon that provides cloud services. It is a leader in providing cloud-computing services with on-demand online IT resources on a pay-as-you-go basis. Instead of purchasing physical data centers, owning and maintaining them, customers get access to advanced cloud services such as storage, AI, databases and so much more and only paying for what they use.
© Press Release 2021
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