QFTH selects 21 startups to join Wave 5

13/08/23

Qatar FinTech Hub (QFTH) recently announced its selected fintech startups to join Wave 5 of its Incubator and Accelerator Programme. The series was inititated in 2020 by Qatar Development Bank (QDB) and is part of efforts to support startups along their entrepreneurial journey.

The Incubator and Accelerator Programmes have since played a key role in growing Qatar’s Fintech industry by graduating 57 fintech startups. The cumulative value of these startups is worth QAR 1.82 billion (USD 500 million).

Over 500 applications to join Wave 5 were received and after the shortlisting process 14 fintech startups were invited to pitch to a panel comprising of strategic and theme partners. Upon completion, 10 fintech startups were chosen. In addition, QFTH also selected 11 fintech startups through their Hackathon in June, bringing the total number of fintech startups to 21.

Fintech startups participating in the incubator programme will gain access to capital, including pre seed investment and value in kind of up to QAR 400 thousand (USD 110 thousand). Startups selected for the accelerator programme will receive benefits worth upto QAR 619 thousand (USD 170 thousand)

Since inception, the QFTH has partnered with other key ecosystem players which include the Qatar Central Bank, Qatar Financial Centre and Microsoft who extend their guidance and services to participating fintech startups.

Business Start Up Qatar offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Qatar, Qatar Business Case, Qatar Business Model Development, Feasibility Study and Business Plan Qatar, Organizational and Operational Structuring Qatar, Qatar Sponsorship and Partnership, Company Formation Qatar among others.

Please click on the link to learn more about opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 54 - Thumb

Qatar welcomes over 2 million visitors in first quarter 2024

Qatars Ministry of Tourism announced the State attracted over 2 million tourists in the first four months of 2024 during the recent Qatar Economic Forum.

The impressive figures were revealed during...

Read more
BSUQ News 53 - Thumb

Qatar continues to focus on economic diversification

Qatar is successfully progressing with its economic diversification plans by targetting four key sectors, namely logistics, Information and Communications Technology (ICT), manufacturing and tourism.

The...

Read more
BSUQ News 52 - Thumb

Qatar's New Real Estate Law Boosts Investment Climate

Qatar's real estate sector is undergoing a transformative phase with the recent issuance of Law No. 5 of 2024 related to real estate registration.

This landmark legislation aims to regulate the sector...

Read more
BSUQ News 51 - Thumb

Qatar Foundation funds over 4,800 projects since 2007

Qatar Foundation (QF) has been leading Qatar’s efforts to diversify the economy and transform the nation into a knowledge based society.

Across the fields of IT, energy, environment and healthcare,...

Read more
BSUQ News 50 - Thumb

Qatar focused on developing the healthcare sector

Qatar`s healthcare sector is expected to increase at a compound annual growth rate (CAGR) of 5.2 percent by 2028 according to data by Fitch Solutions.

Analysts predict such figures based on recently...

Read more
BSUQ News 49 - Thumb

Qatar's gateway for global talent: The Mustaqel Visa

Qatar is set to revolutionise its labour market with the launch of the Mustaqel Visa, a groundbreaking five-year renewable residency permit designed for international entrepreneurs, exceptional talents...

Read more
BSUQ News 48 - Thumb

Qatars 'Young Entrepreneurs Initiative’ empowers students

Qatars ‘Young Entrepreneurs Initiative’ aims to educate its students about leadership skills with the goal of chanelling energies and ideas to serve the society.

The initiative is a combined programme...

Read more
BSUQ News 47 - Thumb

Qatar Scholarship Programme to accept 100 new recipients

Qatar Scholarship Programme recently introduced 100 new scholarships at an event attended by The Education Above All Foundation (EAA) and the General Directorate of Endowments (Awqaf).

The event also...

Read more

Page Break