Why celebrating failure is important for Kuwaiti startups [Video]

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Video has Arabic subtitles.

This article is a crosspost with Nuwait.

In a country that’s considered one of the world’s top producers and exporters of crude oil, the need to diversify the economy is necessary to guaranty its sustainability.

In an effort to allow for more diversification, the Kuwait National Fund, in collaboration with the World Bank, is supporting young entrepreneurs in the country and encouraging them to venture on their own and create diversified job opportunities in the market.

During a video interview with the head of Trade and Competitiveness Global Practice at the World Bank in Singapore, Parth Tewari discussed what will change in Kuwait in the near future and what’s still needed in order to create a culture that embraces failure and celebrates it.

He ends with three main tips on what’s required from entrepreneurs who are looking to launch their startups.

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