168极速赛车开奖,168极速赛车一分钟直播 Qatar Development Bank Archives - My Startup World - Everything About the World of Startups! https://mystartupworld.com/tag/qatar-development-bank/ Thu, 27 Feb 2025 12:11:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 168极速赛车开奖,168极速赛车一分钟直播 QDB and QNB renew partnership to foster innovation in fintech https://mystartupworld.com/qdb-and-qnb-renew-partnership-to-foster-innovation-in-fintech/ Tue, 25 Feb 2025 07:41:56 +0000 https://mystartupworld.com/?p=41646 Qatar Development Bank (QDB) and Qatar National Bank (QNB) signed a partnership agreement on the sidelines of the Web Summit Qatar 2025 to launch an accelerator program aimed at fostering innovation in FinTech. The agreement focuses on accelerating the adoption of FinTech through specialized programs managed by Qatar FinTech Hub, the QDB arm responsible for […]

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Qatar Development Bank (QDB) and Qatar National Bank (QNB) signed a partnership agreement on the sidelines of the Web Summit Qatar 2025 to launch an accelerator program aimed at fostering innovation in FinTech.

The agreement focuses on accelerating the adoption of FinTech through specialized programs managed by Qatar FinTech Hub, the QDB arm responsible for FinTech initiatives. The program will identify key use cases and opportunities that require innovative fintech solutions, and offer the necessary support and guidance to attract and empower promising startups to develop such solutions. The program will also assist startups in accessing markets and navigating licensing processes. QNB will play a crucial role in identifying challenges and opportunities in the fintech industry, providing technical expertise and a secure environment to test these solutions, while exploring investment opportunities in high-potential ventures.

Mohammed Al Emadi, QDB’s Executive Director of Investments and Incubation, said the partnership represents a strategic step forward in the bank’s ongoing efforts to support Qatar’s fintech ecosystem and empower entrepreneurs to develop innovative solutions that align with the rapidly evolving sector and the fintech strategy led by Qatar Central Bank.

“Supporting innovation is a key pillar of QDB’s strategy. We believe in creating an environment that fosters creativity and innovation, particularly in financial technology, where we aim to excel by strengthening integration between financial institutions and startups,” Al Emadi noted.

Adel Al Malki, Senior Executive Vice President, QNB Group Retail Banking, said “At QNB, we are committed to driving innovation and contributing to the development of Qatar’s digital ecosystem. Our partnership with Web Summit Qatar 2025 reflects our shared vision with QDB to advance technological progress and unlock new growth opportunities in local and regional markets across various industries.”

By formalizing this agreement, both parties aim to attract cutting-edge global financial technology solutions, draw international entrepreneurs to Qatar, stimulate investment in startups, increase FinTech adoption, and enhance private sector participation in the ecosystem.

This partnership underscores QDB’s commitment to a comprehensive strategy that supports the digital economy and strengthens the entrepreneurial ecosystem, in line with Qatar National Vision 2030, which seeks to build a diversified, sustainable, and knowledge-based economy. The agreement also aligns with QDB’s strategic focus on digital transformation, empowering the private sector, and developing the entrepreneurial ecosystem—further solidifying Qatar’s position as a regional hub for FinTech innovation.

 

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168极速赛车开奖,168极速赛车一分钟直播 How QRDI Council’s bootcamp helps SMEs thrive in a competitive market https://mystartupworld.com/how-qrdi-councils-bootcamp-helps-smes-thrive-in-a-competitive-market/ Fri, 14 Feb 2025 09:35:42 +0000 https://mystartupworld.com/?p=41486 Qatar Research, Development, and Innovation (QRDI) Council, in partnership with Qatar Development Bank (QDB), has continuously delivered its highly successful five-day Strategic Product Management Bootcamp. Designed to provide SMEs with the knowledge and tools to succeed, the bootcamp has become integral to Qatar’s ongoing efforts to foster innovation and entrepreneurship. The program, now in its […]

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Qatar Research, Development, and Innovation (QRDI) Council, in partnership with Qatar Development Bank (QDB), has continuously delivered its highly successful five-day Strategic Product Management Bootcamp. Designed to provide SMEs with the knowledge and tools to succeed, the bootcamp has become integral to Qatar’s ongoing efforts to foster innovation and entrepreneurship.

The program, now in its 8th edition, has gained widespread recognition for its ability to shape the entrepreneurial landscape in Qatar. Each edition builds on the success of the last, with QRDI Council’s commitment to empowering local businesses growing ever more evident. This bootcamp is not just a training program, it’s a vital support system for Qatar’s SME sector, which continues to play an essential role in the country’s vision for innovation and economic diversification.

Beyond its focus on SMEs, the QRDI Council recognises the critical role of product management across organisations of all sizes. The Council’s initiatives support the integration of product management practices across all sectors, ensuring that businesses, from SMEs to large local enterprises (LLEs), are equipped with the tools they need to maintain competitiveness and promote innovation in today’s global economy.

Aysha Abdulhameed Al Mudahka, RDI Program Director at QRDI Council, said: “As a key component of Qatar’s National Vision 2030, QRDI Council is proud to promote research and innovation to aid in the nation’s sustainable development. In keeping with the Vision’s objectives of creating a knowledge-based, competitive, and innovative economy, our ongoing efforts to support SMEs and encourage entrepreneurship are essential to diversifying Qatar’s economy and guaranteeing long-term prosperity.”

Ghanim Al Sulaiti, the founder and CEO of Enbat Holding, previously spoke as a guest speaker at the sixth edition of the SME Bootcamp. He gave the participating SMEs valuable advice and shared insightful stories from his business career. The growth and success of small and medium-sized businesses depend on efforts like the QRDI Council’s SME Bootcamp, which Ghanim emphasised as crucial.

“Having a platform like QRDI Council that brings together people from different parts of the industry helps bridge the gap and makes it more engaging. I believe there’s so much in common between our vision at Enbat and QRDI. QRDI Council has been a pillar in Doha, raising awareness about the importance of research and focusing on R&D. In our industry, we constantly need this. We need to find ways to improve people’s lives through innovative ideas and sustainable solutions. That’s why we continue to work together, and that’s why we’re here today.”

As the 8th edition concludes, the bootcamp featured several remarkable guest speakers, including Hamad Hadeed CEO of cytomate, and Mohamed Ali Abbaspour, Founder & CEO of sponixtech. Both entrepreneurs shared their personal journeys and provided participants with a unique view of what it takes to overcome challenges and successfully scale a business. Their stories of perseverance, innovation, and strategic decision-making were invaluable to the attendees, offering a roadmap for navigating the often-turbulent waters of entrepreneurship.

Throughout the week, attendees share experiences, gain new insights, and build relationships that can help propel their ventures forward. This collaborative environment fosters both professional growth and the exchange of ideas, allowing participants to see their businesses from new perspectives.

But QRDI Council’s SME training is far more than a series of inspirational talks. It’s a hands-on, interactive experience where participants are immersed in practical, real-world business exercises. Over five days, they explore the 5D framework, dive deep into advanced market research techniques, and develop actionable business roadmaps. Focused sessions on customer engagement and product launch preparation ensure participants are ready to tackle the practicalities of launching and growing a business. Each session is designed to address every aspect of the product launch process, creating a launch plan, anticipating potential delays, managing stakeholder expectations, and refining strategies for success.

On the final day, participants showcase their progress by presenting their business propositions and demonstrating the insights and skills they’ve gained throughout the training. This hands-on approach ensures that they leave with a deep understanding of how to turn theory into practice, making them better equipped to navigate the challenges of the business world.

 

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168极速赛车开奖,168极速赛车一分钟直播 QDB, MAGNiTT launches Venture Investment Report 2024 https://mystartupworld.com/qdb-magnitt-launches-venture-investment-report-2024/ Mon, 10 Feb 2025 09:55:12 +0000 https://mystartupworld.com/?p=41384 Qatar Development Bank has released the fifth edition of its annual Venture Investment Report 2024 in collaboration with MAGNiTT Research. The publication is part of QDB’s ongoing commitment to supporting Qatar’s investment sector and strengthening its foundations. The report provides a comprehensive analysis of Qatar’s investment landscape, enhances transparency, and offers access to data on […]

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Qatar Development Bank has released the fifth edition of its annual Venture Investment Report 2024 in collaboration with MAGNiTT Research. The publication is part of QDB’s ongoing commitment to supporting Qatar’s investment sector and strengthening its foundations. The report provides a comprehensive analysis of Qatar’s investment landscape, enhances transparency, and offers access to data on the venture capital industry including the activities of investment funds that foster entrepreneurship and bolster the contribution of the private sector to Qatar’s economic growth.

Commenting on the report’s significance, Abdulrahman bin Hesham Al-Sowaidi, CEO of QDB, said Qatar Development Bank remains at the forefront of enabling venture capital investments in Qatar, marking a nine-year journey of support for the industry. “As we review the data presented in this report, we recognize the important role we play in empowering Qatar’s entrepreneurship ecosystem. We are proud of the sector’s growth, particularly with the increasing participation of private and international investors, who now account for more than 50% of total investments. We also emphasize the importance of solid future planning and pursue our efforts to attract investors to tap innovative projects, which would boost venture capital investments in Qatar, especially in key clusters aligned with the Third National Development Strategy 2024-2030.”

“Our goal at this stage is to expand the base of investors and funds in Qatar. To this end, we have launched several pioneering regional initiatives, including the Startup Qatar Investment Program under the umbrella of Startup Qatar, a platform unveiled by the Investment Promotion Agency (Invest Qatar) last year, the Arab Entrepreneurs Investment Program, and the Partial Guarantee program, all aimed at boosting investment and supporting the private sector,” Al Emadi explained.

Philip Bahoshy, CEO and Founder of MAGNiTT, said his organization was pleased to publish its annual report in collaboration with Qatar Development Bank. “Over the past year, Qatar has seen remarkable growth, with notable events such as the Web Summit and the launch of the new fund of funds. Additionally, the emergence of several venture capital funds in the country has fostered positive momentum, with transactions increasing by 24% year-on-year.”

This year’s report underscores Qatar’s growing role as an attractive investment hub in the Middle East and North Africa, with the number of venture capital deals in the country increasing by 24% year-on-year in 2024. The total value of deals reached QAR 115 million, marking a significant 135% increase in direct investment despite a slowdown in venture capital investments across the region and challenges in the broader investment landscape. Qatar bucked the trend, ranking fourth in the MENA with 5% of the region’s total deals in 2024. QDB’s investment arm also ranked fourth in the region among the most active investors in terms of the number of deals, affirming Qatar’s leadership in the investment sector and solidifying its position as a hub for innovation. Additionally, Qatar ranked sixth for venture funding in the region in 2024, four times its share in 2023.

The report also underscores fintech as the leading sector in Qatar, accounting for 29% of deals in 2024, an increase of 12% from 2023, highlighting the success of initiatives driven by QDB’s Qatar FinTech Hub. QDB remains dedicated to strengthening the venture investment landscape by collaborating with partners in Qatar and the region through the Qatar FinTech Hub, fostering investments, attracting innovative startups to establish their businesses locally, and developing products that enhance private sector participation in venture capital.

 

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168极速赛车开奖,168极速赛车一分钟直播 Wa’ed Ventures leads the $5 million investment in YNMO https://mystartupworld.com/waed-ventures-leads-the-5-million-investment-in-ynmo/ Wed, 25 Dec 2024 06:47:09 +0000 https://mystartupworld.com/?p=40771 Wa’ed Ventures announced leading the $5 million investment in YNMO, a Saudi company revolutionizing the educational and rehabilitative technology for children, including those with disabilities. The funding round also included participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, a fund focused on impact-driven startups. With this investment, Ynmo plans to expand its services […]

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Wa’ed Ventures announced leading the $5 million investment in YNMO, a Saudi company revolutionizing the educational and rehabilitative technology for children, including those with disabilities. The funding round also included participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, a fund focused on impact-driven startups.

With this investment, Ynmo plans to expand its services and introduce new features aimed at improving support for children with disabilities and enhancing their access to early childhood services. The company also aims to strengthen its partnerships with governmental, educational, and rehabilitative institutions across the Gulf region.

Founded in 2017 by Dr. Fahad Al-Nemary, Dr. Abdullah Murad, and Dr. Faisal Al-Nemary, Ynmo provides an integrated platform for organizing services for children with disabilities and their families. Ynmo enables specialists to develop advanced rehabilitation and educational programs based on best practices supported by AI technology. It also allows parents to access support and consultations through a large network of specialists in behavioural therapy, speech and language therapy, and psychological therapy.

Eng. Anas Al-Qahtani, Acting CEO of Wa’ed Ventures, stated: “Ynmo represents an outstanding impact-driven platform that leverages technological advancements to deliver high-quality educational and rehabilitative services. We are excited to collaborate with the team and drive meaningful change in the region by fostering an inclusive environment for children with disabilities.”

Mohammed Al Emadi, Acting Executive Director of Investment & Incubation of Qatar Development Bank, added: “We believe that technology plays a powerful role in improving access to educational content and enhancing the learning experience for the targeted beneficiaries of this product. Our support for this sector aligns closely with the clusters and sectors targeted under Qatar’s Third National Development Strategy 2024–2030. Moreover, our investment in Ynmo reflects Qatar Development Bank’s goals of fostering innovation, driving expansion within Qatar, and establishing a center for the company’s operations in the country.”

HH Prince Salman bin Faissal Al Saud, Executive Board Member at Nour Nouf Ventures stated, “Investing in Ynmo is an investment in a brighter, more inclusive future for children with disabilities. Their solution represents a fundamental shift in how we think about educational and rehabilitative access, and I am thrilled to support their mission of creating equitable learning environments across the region.”

Dr. Fahad Al-Nemary, co-founder and CEO of Ynmo, expressed gratitude for the support of investors and partners who have helped enhance Ynmo’s impact from day one. “This funding will accelerate our mission to improve services for children with disabilities. Together, we are committed to creating a future where every child, regardless of their abilities, has the right to quality education and support.”

 

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168极速赛车开奖,168极速赛车一分钟直播 Qatar Development Bank and ESCWA to host 3rd Arab SME Summit https://mystartupworld.com/qatar-development-bank-and-escwa-to-host-3rd-arab-sme-summit/ Fri, 26 Jul 2024 06:58:14 +0000 http://mystartupworld.com/?p=38443 Qatar Development Bank (QDB) has partnered with the United Nations Economic and Social Commission for Western Asia (ESCWA) to promote and support SMEs in Qatar and the Arab region. QDB will host the third Arab SME Summit within the framework of the 10th edition of ‘Rowad’ Qatar Entrepreneurship Conference 2024 which will be held over […]

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Qatar Development Bank (QDB) has partnered with the United Nations Economic and Social Commission for Western Asia (ESCWA) to promote and support SMEs in Qatar and the Arab region. QDB will host the third Arab SME Summit within the framework of the 10th edition of ‘Rowad’ Qatar Entrepreneurship Conference 2024 which will be held over three days from the 17th to 19th of November at the Doha Exhibition and Convention Center (DECC) under the theme “Navigating Digital Horizons.”

The Arab SME Summit represents a leading interactive platform for entrepreneurs across the Arab region. The summit’s first and second editions attracted over 2,000 participants, bringing together entrepreneurs, investors and representatives of media entities as well as regional and international organizations with a focus on sustainable development. The summit familiarizes participants with leading business models in Arab markets, sheds light on inspiring success stories, and facilitates collaboration and joint action to promote investment opportunities and collaboration among Arab policymakers and experts.

The summit’s upcoming edition is expected to attract more than 1,300 participants from various countries and industries, inspiring entrepreneurs across the region to excel. The summit’s agenda features various events that bring together decision and policymakers to discuss empowering SMEs and fostering the Arab world’s entrepreneurship environment to advance sustainable development. Discussions will focus on the opportunities and challenges presented by the digital era, including digital business transformation, technological innovation, and regional cooperation to strengthen the digital economy.

Abdulrahman Hesham Al Sowaidi, QDB CEO, said the bank’s new partnership with ESCWA reflects its commitment to pioneering action and collaboration to bolster Qatar’s economy and support the development of the local entrepreneurship ecosystem.

“We are proud that Doha is hosting the third Arab SME Summit after Amman and Marrakesh hosted the previous two editions. We are pleased that the event will take place within the framework of the 10th edition of ‘Rowad’ Qatar Entrepreneurship Conference 2024, which makes this year’s edition the largest of its kind to date. We believe such events are key to support Arab economies and empower leading entrepreneurs across the region. At Qatar Development Bank, we remain committed to spearheading leading initiatives to support SMEs and foster their contribution to sustainable economic growth.”

Rola Dashti, ESCWA’s Executive Secretary, said the commission is pleased to partner with Qatar Development Bank, a leading Arab entity when it comes to supporting women entrepreneurs and SMEs. “We are confident that this partnership will open new horizons to promote entrepreneurship across the region. We look forward to working together to promote innovation, create jobs, and stimulate inclusive economic growth.”

“The Arab SME Summit is distinguished by the participation of an elite group of innovators, entrepreneurs, SMEs, policy makers and leaders from various industries and Arab countries. Holding the summit within the framework of the Rowad Conference is considered an exceptional opportunity to organize an unprecedented edition in terms of participants, partners and investors in the Arab entrepreneurship ecosystem,” she added.

QDB’s collaboration with ESCWA aims to support SMEs through knowledge exchange and capacity building, with a focus on innovation and sustainability.

This year marks a new milestone in the Rowad Conference journey, which kicked off locally before expanding regionally to Gulf Cooperation Council countries. Last year’s event hosted the third edition of the GCC Entrepreneurship Forum and the Rowad GCC Hackathon, the first of its kind in the region, along with the fourth edition of the Rowad Awards that celebrate Qatari firms with outstanding performance.

The ‘Rowad’ Qatar Entrepreneurship Conference aims to celebrate the achievements of entrepreneurs in Qatar, empower startups and SMEs and bolster their growth opportunities. As is the case every year, the conference will bring together leading players from Qatar’s entrepreneurship ecosystem along with their regional peers for the opportunity to exchange knowledge and share valuable insights on investment prospects across the Arab world.

 

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168极速赛车开奖,168极速赛车一分钟直播 Qatari fintech startup KARTY secures over $2mln https://mystartupworld.com/qatari-fintech-startup-karty-secures-over-2mln/ Tue, 23 Jan 2024 05:28:00 +0000 http://mystartupworld.com/?p=35773 KARTY, an emerging Qatari fintech startup, has announced the successful completion of a substantial seed funding round, amassing over $2 million dollars, which is equivalent to more than 7.3 million Qatari Riyals. This latest infusion of capital, raised from a variety of local investors, signifies a pivotal moment in KARTY’s trajectory towards making a significant […]

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KARTY, an emerging Qatari fintech startup, has announced the successful completion of a substantial seed funding round, amassing over $2 million dollars, which is equivalent to more than 7.3 million Qatari Riyals.

This latest infusion of capital, raised from a variety of local investors, signifies a pivotal moment in KARTY’s trajectory towards making a significant impact in the Qatari market. This step precedes its much-anticipated launch, expected as soon as the final approval and licensing from the Qatar Central Bank are attained.

Having received in-principle approval for development and demo in strategic partnership with Masraf Al Rayan and in compliance with the Qatar Central Bank regulations, KARTY is poised for the full-scale launch of its groundbreaking e-Wallet and financial resource management application.

Mohammed Suleiman, co-founder and CEO of KARTY, expressed enthusiasm about this pivotal achievement: “We are immensely proud of the trust our investors have placed in KARTY. Their belief in our vision to provide innovative solutions for managing financial assets through our e-Wallet is exhilarating.”

Suleiman added: “To date, KARTY has garnered significant direct funding from local and international investors, supplemented by support from esteemed institutions like Qatar Foundation, Qatar Development Bank, Qatar FinTech Hub, Masraf Al Rayan, and global entities such as Visa. This robust backing positions us ideally for a dynamic market entry and the launch of an integrated platform that promises to revolutionize financial transactions with enhanced ease and security.”

Ms. Rana Al Asaad, GM Retail and Private Banking of Masraf Al Rayan stated: “We are delighted to be part of KARTY’s pivotal journey and their achievement in securing significant funding. This strategic collaboration signifies our commitment to fostering innovation in Qatar’s financial landscape. KARTY’s dedication to introducing groundbreaking solutions aligns perfectly with our vision for digital transformation in financial services. We look forward to this partnership propelling us towards greater milestones in enhancing financial experiences for our customers.”

In a related vein, Shashank Singh, Visa’s Vice President & GM for Qatar and Kuwait, said: “Congratulations to KARTY on their successful closure of the seed round investment. We believe in their mission to provide consumers and businesses with secure, innovative financial services and share their commitment to improve financial literacy in Qatar and beyond. Together, we can drive a more secure, inclusive, and prosperous future, and we look forward to supporting KARTY in this exciting new phase of their growth.”

Dr. Hamad Mejegheer, Qatar Development Bank’s Executive Director ​of Advisory & Incubation​, said, “We develop the support framework to propel fintech startups to success including financing solutions, incubation, business acceleration, advisory services, and more. We strive to empower entrepreneurs in their journey from ideation to commercialization of products and services, and QDB is proud of the significant advancements made by promising startups like KARTY. We applaud their steps toward success and growth, and we eagerly anticipate their continued achievements in regional and even global markets.”

Empowered by knowledge, KARTY is poised to launch a truly revolutionary e-Wallet solution, complete with comprehensive payment functionalities supported by Visa. KARTY clients are set to benefit from an array of premium services that ensure efficient and swift financial management. This includes instant peer-to-peer money transfers, oversight of daily spending, and the ability to track spending patterns through interactive charts. These features are designed to enhance users’ financial understanding and management capabilities significantly. All these services are integrated into a single, secure financial e-Wallet, designed to maximize efficiency and minimize effort.

KARTY’s application stands as Qatar’s pioneering digital wallet application, with a strong emphasis on savings and financial awareness. Deliberately developed to be more than just an app, it is a gateway to financial empowerment. It offers an extensive range of financial services via a secure, unified platform. With its launch, KARTY aims to elevate financial literacy in Qatar and beyond, by assisting users in making informed and intelligent financial decisions.

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168极速赛车开奖,168极速赛车一分钟直播 QDB wraps up its 2023 Business Incubators and Accelerators Demo Day https://mystartupworld.com/qdb-wraps-up-its-2023-business-incubators-and-accelerators-demo-day/ Thu, 08 Jun 2023 07:29:58 +0000 http://mystartupworld.com/?p=33099 Qatar Development Bank has successfully wrapped up its 2023 Business Incubators and Accelerators Demo Day, with the participation of 10 startups from various industries and domains. The event marked a milestone for investors and entrepreneurs as startups pitched their innovative ventures to angel investors, VCs, and key stakeholders from Qatar’s entrepreneurship ecosystem. Held in partnership […]

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Qatar Development Bank has successfully wrapped up its 2023 Business Incubators and Accelerators Demo Day, with the participation of 10 startups from various industries and domains. The event marked a milestone for investors and entrepreneurs as startups pitched their innovative ventures to angel investors, VCs, and key stakeholders from Qatar’s entrepreneurship ecosystem. Held in partnership with Microsoft as the strategic partner and Ooredoo as the incubation partner, Demo Day, which was hosted at the M7 building, was supported by QNB Group and the Investment Promotion Agency Qatar as Strategic and Gold sponsors, respectively.

The event served as a platform for startups to showcase emerging technologies that underpin their innovative business models across various fields including logistics, e-commerce, education and fashion among other industries, empowering them to contribute to the development of Qatar’s entrepreneurship ecosystem and to raising efficiency and productivity.

Throughout the journey, QDB provided support and early-stage funding to empower participating startups to develop their business model before pitching to investors on Demo Day in a bid to access new investments that propel their growth.

Founders and investors then engaged in a series of meetings to discuss future cooperation opportunities and potential investments. QDB later recognized investors for their active contribution to the development of Qatar’s entrepreneurship ecosystem and for their interest in innovative ventures.

Commenting on the importance of Demo Day, Mr. Abdulrahman Hesham Al Sowaidi, QDB Acting CEO, said this year’s edition of Demo Day is unique because it brought together a diverse group of startups operating across various industries under the umbrella of QDB’s business incubators and accelerators. “The event serves as a key platform for startups and founders seeking to secure access to venture capital, bringing representatives of investments funds, entrepreneurs and innovators closer together, which ultimately contributes to QDB’s goal of empowering startups and SMEs to foster economic diversification.”

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168极速赛车开奖,168极速赛车一分钟直播 UK-based Aser Ventures invests in Sponix Tech, a Qatar sportstech startup https://mystartupworld.com/uk-based-aser-ventures-invests-in-sponix-tech-a-qatar-sportstech-startup/ Mon, 22 Aug 2022 04:55:25 +0000 http://mystartupworld.com/?p=29914 Qatar SportsTech (QST), a leading startup accelerator founded by Qatar Development Bank (QDB), announced earlier that its alumni from the 2nd Cohort, Sponix Tech, headquartered in Qatar, has received an investment boost from the UK-based Aser Ventures, the co-owner of Leeds United Football Club. Aser Ventures has acquired a strategic stake in the sportstech startup […]

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Qatar SportsTech (QST), a leading startup accelerator founded by Qatar Development Bank (QDB), announced earlier that its alumni from the 2nd Cohort, Sponix Tech, headquartered in Qatar, has received an investment boost from the UK-based Aser Ventures, the co-owner of Leeds United Football Club.

Aser Ventures has acquired a strategic stake in the sportstech startup which will help bolster Sponix’s growth and innovative technologies. In addition to capital investment, Aser will leverage its global network, which includes prominent names such as award-winning sports media platform, Eleven, and iconic English football club, Leeds United, to create new opportunities for Sponix and provide the company with strategic guidance and support.

Aser Ventures’ investment in Sponix is a great accomplishment for the Qatari sportstech ecosystem, which is nurtured by QST’s unwavering support for the sector. The renowned award-winning SportsTech accelerator has been providing hands-on logistical assistance, training and funding for local and global startups in line with Qatar’s objectives to promote entrepreneurship and shore up the development of startups and SMEs. Through its strategically designed incubator and accelerator programs, QST has invested nearly USD $10Mn across 40 startups coming from 17 countries since 2019 till date. QST strives to bring these fledgling companies the knowledge and tools they require to forge out a space in a competitive business market.

Sponix Tech has grown as part of the QST acceleration program to achieve remarkable momentum as they succeeded in becoming the official technology provider for UEFA. The startup develops pioneering software that drives fan engagement and monetization opportunities for sports rights owners, broadcasters, and brands.

Ibrahim Abdulaziz Al Mannai, Executive Director of Advisory at Qatar Development Bank, commented on the partnership saying: “We are pleased to see our alumni grow and achieve such a milestone with major international players in the entrepreneurship ecosystem.  QDB established QST as a specialized incubator and accelerator for the sports sector to support the country’s aspirations for becoming a sports hub in the region. After years of incessant work, we are proud to see the fruit of all that effort. I would like to congratulate Sponix for this amazing achievement and I wish them all the success in their partnership with Aser Ventures.”

Mohammad Ali Abbaspour, CEO and Founder of Sponix Tech added: “With their impeccable track record and their stellar reputation, we are thrilled about our partnership with Aser Ventures. We have been on a long journey, but the support we have received from QST along the way and now from Aser Ventures is propelling us forward and will enable us to shake the sports sector with innovative tech.  We are looking forward to working with the Aser team and I would like to thank them as well as QST for their belief and unfaltering support.”

Welcoming Sponix to the group, Andrea Radrizzani, Founder and Chairman of Aser Ventures said “Our company is always scanning the global market for innovative companies that have a solid team, vision, and motivation. Mr. Mohammad and his team have excellently demonstrated their capability to innovate ideas that can be leveraged across our sports network. We are excited to welcome Sponix Tech to our family and to help them grow and reach new heights.”

Established in 2020, Sponix is a technology company, and their products range from SPOV Immersive Replay, SPBOARD Virtual Advertisement, and SPANO Panorama Cam. Their most renowned SPOV Immersive Replay technology allows fans to view the best match action through the eyes of the players on the pitch. Broadcasters can utilize this first-person angle for instant match replays and on social media to boost fan engagement and unlock new brand partnership revenue streams.

The startup also offers solutions to enable broadcasters to tailor in-stadia advertising perimeter boards directly from their live matchday feed.

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168极速赛车开奖,168极速赛车一分钟直播 Qatar Fintech Hub to host Wave 3 demo day on 14 Feb https://mystartupworld.com/qdbs-qatar-fintech-hub-hosts-wave-3-demo-day/ Thu, 10 Feb 2022 13:07:52 +0000 http://mystartupworld.com/?p=28003 Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Wave 3 Demo Day for its flagship Incubator and Accelerator Programs, which will take place virtually on 14 February, 2022. The QFTH Demo Day is considered one of the major FinTech events […]

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Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Wave 3 Demo Day for its flagship Incubator and Accelerator Programs, which will take place virtually on 14 February, 2022.

The QFTH Demo Day is considered one of the major FinTech events in the region. Wave 3 of the event will host key players from the local and regional financial services ecosystem, as well as investors, global startups, international FinTech hubs, aspiring entrepreneurs and FinTech enthusiasts.

The Incubator and Accelerator Programs attracted FinTech entrepreneurs and startups from more than 50 countries from across the world including India, Malaysia, Indonesia, Hong Kong, Luxembourg, Canada, and Qatar. Under the theme Embedded FinTech for TechFin, the program has witnessed great success with over 500 applications from early-stage startups and mature FinTechs.

The early-stage and mature FinTechs that have been selected from the application pool and who will be presenting their innovative solutions on QFTH 3rd Virtual Demo Day are ToneTag, T2meen, GFI Fintech, Restock.id, Whrrl, Open CBS, Infrabase, NeuXP, Netdollar, AIOTF, Loopay, VoicePay, S-Treasury, Alwasia, QatarCrowd, and Tiptiptop.

Participants took part in more than 300 business development sessions with 15 financial institutions, completing a series of Masterclasses and FinTech Bootcamps conducted by QFTH partners and renowned speakers from across the world.

Abdulrahman Hesham Al Sowaidi, Acting CEO of Qatar Development Bank, said “Numerous companies, especially tech ones, are shifting towards offering financial services through their platforms as a way to keep their customers within their ecosystem for the longest intervals. Therefore, finding solutions that can easily integrate with existing services and systems is a growing need. This wave focused on innovations that can support companies on that front.”

“I would like to thank all the participants and partners who are continuously contributing to the growth of our programs, and we look forward to welcoming everyone to the much-awaited third virtual Demo Day,” he concluded.

Applications are now open for Wave 4 of the QFTH Incubator and Accelerator Programs, which will focus on Next Gen Banking. FinTechs with innovative solutions in this domain can visit QFTH’s website (fintech.qa) to get more details and to apply until mid-February. All applications undergo a thorough evaluation process, where shortlisted candidates will be invited to present their solutions in front of a jury panel comprised of key stakeholders from Qatar’s financial services ecosystem.

As part of its commitment to offering world-class expertise to participating FinTechs, QFTH is continuously collaborating with strategic stakeholders within the FinTech ecosystem including financial institutions, technology providers, payment networks, global FinTech hubs, academia, and regulators. Microsoft is participating as the program technology partner. Other recent partnerships include Amazon, Progress Soft, Vodafone, and Global Positioning System to name a few.

QFTH Demo Day will be held on the 14th of February at 11:00 AM Qatar time.

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168极速赛车开奖,168极速赛车一分钟直播 Qatar FinTech Hub selects 22 FinTech startups for Wave 2 https://mystartupworld.com/qatar-fintech-hub-selects-22-fintech-startups-for-wave-2/ Thu, 01 Apr 2021 05:27:47 +0000 http://mystartupworld.com/?p=24389 Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) has announced the final list of successful FinTechs to join Wave 2 of its Incubator and Accelerator Programs. Both Programs started on 24 March and will run until June 2021. QFTH received more than 500 applications from early stage and mature FinTechs from over 58 […]

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Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) has announced the final list of successful FinTechs to join Wave 2 of its Incubator and Accelerator Programs. Both Programs started on 24 March and will run until June 2021.

QFTH received more than 500 applications from early stage and mature FinTechs from over 58 countries, including USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.

The applications went through a rigorous and multilevel evaluation process, where over 40 FinTechs were shortlisted to present their solutions via virtual pitch days judged by a panel of representatives from QFTH stakeholders and strategic partners. Out of the 40 Fintechs, the top 22 were selected and invited to participate in the Incubator and Accelerator Programs. Selected FinTechs covered a variety of technology solutions such as AI, ML, Blockchain, RPA, NFC, NLP, OCR and other FinTech solutions.

Eleven early stage FinTechs were also selected to join Wave 2 of the Incubator Program including Snoonu Trading and Services as well as Karty from Qatar, Cammillion from Singapore, ePaysa from India, Digitalistic from Bangladesh, Akillifon from Turkey, CHANGE COM from Jordan, Kwidex from Ghana, Nu Credits as well as Bondsmart and Finstant from the UK.

The 11 mature FinTechs selected for Wave 2 of the Accelerator program are Prive T from Hong Kong, Active.AI as well as Finchat from Singapore, eBaoTech from China, SafexPay from India, Twyla Technology from Qatar, FinChatBot from South Africa, Cargon from Georgia, Invest Suite from Belgium, Elite Capital, and Revix from the UK.

Commenting on the start of the programs, Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer of QDB and Fintech Task Force Chairman, said “I would like to congratulate all the FinTech startups whose leadership in innovation has enabled them to join our flagship programs. This marks the beginning of their journey towards reshaping the future of financial technology in Qatar and beyond, and we are confident they will help us in building solid pillars for a knowledge-based economy in Qatar.”

“The Qatar FinTech Incubator and Accelerator Programs continue to attract entrepreneurs from around the world, establishing Qatar as a preferred destination for Fintechs looking to establish a base in the region,” concluded Nasser Al-Khalifa.

For a period of 12 weeks, Wave 2 will offer participating FinTechs a unique incubation and acceleration journey with all the essential support required to establish their businesses locally and to grow regionally and internationally.

Each participating FinTech will receive financial and in-kind support of up to $250,000, in addition to bespoke mentoring and training services provided by QFTH, its strategic partners and mentor network of over 36 international and local mentors.

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