Qatar’s entrepreneurship and start-up ecosystem to further develop

22/12/20

The entrepreneurship and start-up ecosystem in the State of Qatar is expected to further develop in 2021 and was recently ranked third in the world and the best in the MENA region.

The progress is down to many factors including the efforts of different semi-governmental and governmental institutions such as the Qatar Development Bank (QDB), Ministry of Commerce & Industry (MOCI), Qatar Financial Centre (QFC), Qatar Free Zones Authority (QFZA), Qatar Science & Technology Park (QSTP), Ministry of Transport & Communication (MOTC), Ministry of Finance (MOF) and many others in the public sector as well as the private sector.

The stakeholders have developed platforms for more information, training and financing or funding as well as opportunities and possibilities to go to markets with access to procurement and clients or customers.

Qatar Sports Tech (QST), which became an essential player in sports tech, is another example for these efforts. They have been working to bring the best expertise to help the growth of the start-ups and scale-ups nationally, regionally and internationally. Another important component is the engagement or involvement of partners in the private sector including venture capital firms and angel investors.

With the 2022 FIFA World Cup in Qatar and other major sporting events approaching there are many promising sports tech start-ups and scale-ups with the potential to impact the industry.

The graduates of the third cohort include LAIFE (Germany), YooMeDoo (Spain), GymStory (Netherlands), Fancision (Spain), GymCraft (United Kingdom), Armony (United Kingdom), Golazzos (United States), HotSwitch (United States), Dronur (United States) and FATE (Jordan).

Apart from the financing or funding that has already been raised, they have already entered into fifty partnerships with blue chip companies including such as Microsoft, Samsung, McDonalds, Spotify, AT&T and Orange among others.

Please click on the link and reach out to learn more about entrepreneurship and start-up ecosystem in the State of Qatar and the initiatives of Business Start Up Qatar.

Other News

BSUQ News 104 - Thumb

M7 and QSTP partner to target Qatar’s fashion and design sectors

M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.

The agreement provides for M7, an affiliate...

Read more
BSUQ News 103 - Thumb

Contracts in construction at the top of the mega projects in Qatar

A Qatar International Centre for Conciliation & Arbitration (QICCA) webinar discussed...

Read more
BSUQ News 102 - Thumb - New

Bedaya and stakeholders equip entrepreneurs on their journey in Qatar

The Bedaya Centre for Entrepreneurship & Career Development recently concluded a series of workshops as part of their ongoing foundation program.

The workshops were delivered online with the object...

Read more
BSUQ News 101 - Thumb - New

QFTH ends second wave of incubator and accelerator with demo day

Qatar FinTech Hub (QFTH) recently held the virtual Demo Day for the second wave of the incubator and accelerator program.

The major FinTech event hosted key players from Qatar’s ecosystem as well...

Read more
BSUQ News 100 - Thumb - New

A snapshot of the venture capital market in the State of Qatar

Qatar`s venture capital market has proven to be resilient despite the pandemic according to the most recent data and information.

The Qatar Venture Investment Report 2020...

Read more
BSUQ News 99 - Thumb - New

Qatar raises awareness for best practices in circular economy

The Josoor Institute held a webinar discussing the circular economy, an economic approach aimed at minimising waste, very recently.

The Josoor Institute is...

Read more
BSUQ News 98 - Thumb - New

Stakeholders in Qatar reiterate their commitment for tourism and travel

The State of Qatar has revealed an ambitious National Tourism Strategy which aims to position the country as a leading destination for tourism and travel.

Qatar has a lot to offer...

Read more
BSUQ News 97 - Thumb

Takeaways and lessons learned from the first Qatar Economic Forum

The Qatar Economic Forum concluded very recently and demonstrated the country’s position as an important centre for business, trade and investment. The virtual event provided a platform to exchange views,...

Read more

Page Break