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.
The General Tax Authority (GTA) has extended the deadline for the submission of the tax return for 2020 by two months.
As a result, the new date for the submission of the tax return by the taxpayers...Read more
Qatar FinTech Hub (QFTH) has selected 22 start-ups and scale-ups to join the second wave of the incubation and acceleration programs.
QFTH has received over 500 applications from fintechs in different...Read more
The Ministry of Transportation & Communications (MoTC) signed an agreement with Meeza to expand Mawared, the strategic e-Government program, recently.
Meeza, a Qatar Foundation joint venture, is an...Read more
As indicated before, Qatar is getting ready to implement a Value Added Tax (VAT) and companies in the country need to be ready for it.
Qatar’s annual tax update was the topic of a recent webinar hosted...Read more
The Qatar Stock Exchange (QSE) launched a Venture Market, a platform for small and medium enterprises (SMEs) to list their shares in the stock market, recently.
Referred to as the [Qatar Exchange Venture...Read more
Business Start Up Qatar is pleased to announce the formalization of the collaboration and cooperation with Train Effective in the State of Qatar.Read more
The Qatari Businessmen Association (QBA) recently met a delegation of United Kingdom Government Trade & Commerce officials.
The meeting is in...Read more