“Zain” hosts “Tesla’s co-founder” in “Zain Great Idea”

The company received numerous registration requests from local and regional talents

Zain Telecom announced the launch of the virtual training camp phase of the sixth version of its innovative program, Zain Great “Idea”, to accelerate and develop emerging technology companies, which witnessed in its first virtual session hosting the co-founder of “Tesla” for the development of electric cars, Mark Tarring, in a dialogue about secrets Success in the world of entrepreneurship.

The company stated in a statement that it has concluded the first phase of the program, which is the registration phase, and that it has received many requests to register in the program by local and regional talents, pointing to the acceptance of many entrepreneurs who have startup companies at the beginning of their journey or under establishment, especially those They operate in sectors related to technology, digital transformation and innovation.

“Zain” indicated that the training camp for the sixth “Zain Great Idea” program, this year, comes with a completely virtual version to comply with the health requirements imposed by the “Covid-19” pandemic.

She noted that she hosted in the first dialogue sessions of the camp, Tarning, which was interviewed by the Director of Sustainability, Innovation and Entrepreneurship at Zain Kuwait, Haya Al-Maneh, and the founder and CEO of the technology accelerator «Brilliant Lab» Nada Al-Daihani.

The company added that the virtual dialogue session came under the title “Entrepreneur Lifestyle”, whereby Tarning shared with the attendees many essential information and important advice for any startup owner, about the most prominent challenges and obstacles that startups face, especially technology companies at the beginning of their journey and how to overcome them.

Founding Tesla

Tarning recalled the story of his founding of the “Tesla” company to develop electric cars with his partner Martin Eberhard, and how it became today one of the largest companies working in the field of technology and car manufacturing around the world, pointing out that they had funded the company until early 2004, at which time Elon Musk led the first investment round. In February 2004, the company valued at $ 6.5 million and became its chairman.

Mark Tarning continued to serve the company as Chief Financial Officer and Vice President of Electrical Engineering until 2008. After leaving the company, he held advisory positions on the boards of several companies, including the university where he studied (UC Berkeley’s SkyDeck project), in addition to the company. Spero Ventures, an investment vehicle, and a member of the advisory board for Clearpath Robotics, a manufacturer of self-driving vehicles.

Selection of participants

Zain stated that the jury in the program reviewed all applications and selected the participants who moved to the next stage, which is the training camp phase, which is held virtually this time over a period of 4 weeks and includes specialized workshops, training lectures, and panel discussions in which the elite participate. Of academics and trainers from major international educational institutions such as “IE Business School”, “MIT”, “Stanford” and others, in addition to individual counseling sessions for each final participant.

“Zain” indicated that the “Zain Great Idea” program provides a renewed opportunity for local talent and the entrepreneurial community, and is one of the most successful initiatives it launched in the business environment in Kuwait, under the umbrella of its integrated strategy for sustainability and support for innovation and entrepreneurship.

She explained that, over the last ten years, she has embraced hundreds of creative Kuwaiti youths who have successful small and medium enterprises operating in the local and regional markets to this day.

Global standards

“Zain” is presenting the program in cooperation with the Kuwaiti “Brilliant Lab”, which aims to accelerate small and medium-sized companies in Kuwait, and the “Mind The Bridge” global consulting firm (based in Silicon Valley in the United States), which seeks to provide a practical environment with international standards for youth. To innovate and accelerate their small business.

Zain is aware of the importance of the role of private sector institutions in supporting areas of social and economic sustainability, and is committed, based on its growing commitment to the proper exercise of its social responsibility, to have positive effects in all its activities, which prompted it to adopt the most influential issues on the fabric of society, including concern for the youth. Entrepreneurship and creativity.

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