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Friday, December 05, 2025 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "startups" (6 articles)

The MoU was signed by Director of Digital Innovation at MCIT, Eman al-Kuwari, and CEO and founder of Alchemist Accelerator, Ravi Belani.
Business

MCIT sings MoU with Alchemist to enhance innovation and entrepreneurship ecosystem

The Ministry of Communications and Information Technology (MCIT) has signed a memorandum of understanding (MoU) with Alchemist Doha, the local branch of the global Alchemist Accelerator, which specialises in supporting business-to-business (B2B) startups.This partnership aims to enhance Qatar's innovation and entrepreneurship ecosystem, attract high-growth technology companies, and further reinforce Qatar's efforts to build a knowledge-based, innovation-driven digital economy.This agreement establishes a strategic partnership between MCIT and Alchemist, opening global investment pathways for local startups and providing an attractive environment for international technology companies seeking regional expansion.The collaboration supports Qatar's national ambitions to advance digital transformation, diversify the economy, and strengthen the country's competitiveness within the global technology and innovation landscape.The MoU was signed by Director of Digital Innovation at MCIT, Eman al-Kuwari and CEO and founder of Alchemist Accelerator, Ravi Belani.Commenting on the agreement, Eman al-Kuwari affirmed that: "This partnership reflects Qatar's commitment to building a thriving digital economy powered by innovation, talent, and global collaboration. By attracting high-growth technology companies, we are creating new opportunities for local startups, strengthening our innovation ecosystem, and accelerating progress toward the goals of Digital Agenda 2030."Under the MoU, the ministry will support the attraction and relocation of 12 high-growth technology startups from within the Alchemist network to Qatar. MCIT will provide the required facilitation and support, including the allocation of five co-working spaces annually at the Digital Incubation Center, and will coordinate with the government entities to enable these companies to deploy their innovative digital solutions.Meanwhile, Alchemist will assume full financial responsibility for the operational requirements of these startups. Extending over three years and renewable thereafter, the MoU establishes a framework for joint governance that defines clear coordination mechanisms and responsibilities for both parties, ensuring effective collaboration and the achievement of shared objectives. The agreement is part of the ministry's ongoing efforts to strengthen Qatar's digital entrepreneurship landscape and foster a dynamic, future-ready innovation ecosystem. 

Participants at the training programme.
Business

MCIT launches 'AI for Startups - Training Workshop Series’ to enhance entrepreneurs' capabilities

As part of efforts to enhance the readiness of startups to keep pace with digital transformation and foster a culture of innovation in Qatar, the Ministry of Communications and Information Technology (MCIT), through its Digital Incubation Center (DIC) and in partnership with Scale AI, launched the "AI for Startups - Training Workshop Series".The programme kicked off last week with the first session as part of a comprehensive training track comprising six applied workshops aimed at helping startups develop practical solutions powered by artificial intelligence (AI).The workshops aim to equip entrepreneurs with advanced hands-on skills through sessions covering AI prototyping, creative coding, the development of intelligent AI agents, responsible AI, trust, and cybersecurity. The programme also featured a final demo session, in which participating startups presented their prototypes and received direct expert feedback.On this occasion, Eman al-Kuwari, Director of Digital Innovation at the Ministry of Communications and Information Technology, stated: "This training series comes as part of the ministry's ongoing partnership with Scale AI and provides a practical foundation that helps startups integrate AI technologies into their business models from the early stages. Through hands-on tools and applications, startups are able to explore modern technologies, test them, and transform them into viable prototypes. This initiative also contributes to bringing advanced expertise into Qatar's digital innovation and entrepreneurship ecosystem, enabling startups to build high-value, data-driven products and strengthening the overall readiness and scalability of the startup landscape." 

QDB CEO Abdulrahman bin Hesham al-Sowaidi.
Business

QDB doubles investment packages to attract global startups to Doha

Qatar Development Bank (QDB) announced a major expansion of its support for entrepreneurs at the 11th edition of the Rowad Entrepreneurship Conference, unveiling new investment packages designed to attract global startups to Doha.Speaking at the conference’s opening ceremony, QDB CEO Abdulrahman bin Hesham al-Sowaidi said: “I am pleased to announce the doubling of investment packages: up to QR4mn for seed stage companies and up to QR20mn for growth stage companies. This programme serves as a bridge for outstanding startups worldwide to establish in Qatar and expand globally.”Al-Sowaidi emphasised that entrepreneurship in Qatar has evolved into a national endeavour, supported by the Third National Development Strategy (NDS3). He noted that the private sector’s role in venture capital “is expanding rapidly.”“Last year, private sector participation reached 57% of total venture capital investments. We continue our journey towards achieving the national target of 70% by 2030,” he explained.QDB’s investment arm now ranks fourth among the most active investors in the Middle East and North Africa, with direct and indirect investments exceeding “QR350mn.” The bank has also tripled the value of single co-investment deals to “QR11mn,” strengthening partnerships with local and international funds.Al-Sowaidi highlighted QDB’s partnerships with the Qatar Investment Authority’s (QIA) Fund of Funds programme, including the launch of the HealthTech Accelerator with Deerfield’s Cure programme, which connects Doha and New York. He also pointed to the creation of Qatar’s first venture building studio, The studio, in collaboration with Utopia Capital Management.Capacity building initiatives have also been central to QDB’s strategy. More than 220 angel investors have been accredited through a programme with the Qatar Finance and Business Academy, paving the way for deeper engagement in venture capital across the region.“Aligned with Qatar’s ambition to be a launchpad rather than just a destination, we introduced the Startup Qatar Investment Programme. In just two years, it has supported more than 35 companies with investments exceeding QR130mn,” al-Sowaidi said.Al-Sowaidi stressed that digitalisation is now essential for competitiveness. QDB has rolled out a Digital Transformation programme, introduced the Smart Industry Readiness Index (SIRI) for self-assessment, and provided grants and financing to support companies in adopting advanced technologies.He cited figures from the Global Entrepreneurship Monitor (GEM) showing that 81% of early-stage entrepreneurs in Qatar rely on modern technology, evidence of the ecosystem’s ability to keep pace with global trends. QDB has also launched the Talent Community Programme, benefitting more than 50 entrepreneurs across 30 local and international companies, al-Sowaidi pointed out.He said this year’s Rowad conference gathered more than 120 local and international companies, 15 panel discussions, 45 workshops, and 28 startups competing to showcase their projects.“We stand at a moment where entrepreneurship moves from the margins to the centre of the economic system. The private sector is playing an increasingly vital role in driving development,” emphasised al-Sowaidi, who urged entrepreneurs and investors to seize the opportunity for dialogue, knowledge exchange, and deep partnerships.

Gulf Times
Business

The Founder’s Exit Dilemma: Why Most Entrepreneurs Get It Wrong

For many entrepreneurs, building a company is one of the greatest achievements of their lives. But there comes a moment that is often overlooked in the glamorous world of startups and venture capital—the exit.When founders think about selling their business or stepping away, they are often hit with a reality they never prepared for: How do I exit the right way?This is what entrepreneur and business strategist Martin Martinez calls “The Founder’s Exit Dilemma.” It’s the point where passion collides with pragmatism, where years of sweat and sacrifice meet the hard reality of valuation tables, negotiations, and deal structures. And according to Martin, most founders are woefully unprepared.A Founder Who Has Been There BeforeUnlike many advisors who approach exits from purely a financial or legal perspective, Martin has lived the journey from both sides of the table.Over the course of his career, he has built and exited three businesses and acquired several companies of his own. This dual perspective gives him an unusually holistic understanding of what it means to exit—not just as a transaction, but as a deeply personal and strategic decision.“Most private equity firms, venture capitalists, and family offices focus only on the numbers. Their world revolves around ROI, multiples, and deal structures,” Martin explains. “What they often lack is operational experience. They haven’t been in the founder’s shoes. They don’t know the sacrifices made to keep the company alive, the employees who became like family, or the emotional weight that comes with letting go. That’s why so many founders feel misunderstood during an exit.”Why Founders Struggle with ExitsAccording to Martin, the Founder’s Exit Dilemma stems from three main challenges:1. Lack of Knowledge – Most entrepreneurs are experts at building businesses, but few ever study the mechanics of selling one. They underestimate how complex exits can be—from due diligence to negotiations to tax implications.2. Emotional Attachment – Founders often see their company as an extension of themselves. This emotional connection can cloud judgment, leading to undervaluing or overvaluing the business—or walking away from a fair deal.3. Poor Timing – Many exits are either rushed during financial stress or delayed until the founder is burned out. In both cases, the founder loses leverage, and the business sells for less than it’s worth.“An exit is not just a financial event—it’s a life event,” Martin emphasizes. “Founders pour years of their life into building something extraordinary, and then one day, they’re expected to just hand it over. Without the right preparation and mindset, that moment can feel like a loss instead of a win.”A Growing Need in the Middle EastMartin’s insights arrive at a pivotal time for the region. The UAE and wider Middle East are experiencing an unprecedented surge in entrepreneurship. Dubai has positioned itself as a global hub for startups, with government-backed accelerators, access to international capital, and a thriving ecosystem of founders building regional and global businesses.But with this growth comes a looming question: What happens when it’s time to exit?“Every founder thinks about building, scaling, and raising investment. Very few think about how it will all end,” Martin says. “But in reality, the exit is where the true financial freedom happens. It’s the defining moment of the entrepreneurial journey.”As the ecosystem matures, more founders in the Middle East will face this exact dilemma. Whether selling to private equity, merging with a larger competitor, or handing over to international investors, the stakes will only grow higher.Redefining the Exit ConversationMartin Martinez’s mission is to redefine how founders approach exits—not as an afterthought, but as a strategic process that begins long before a deal is on the table.His upcoming talks and personal brand will focus on empowering founders with three key strategies:Planning Early – Preparing for an exit years in advance to maximize valuation and leverage.Thinking Like a Buyer – Understanding how acquirers evaluate businesses, so founders can position themselves for stronger outcomes.Balancing Emotion with Strategy – Navigating the psychological side of exits while making decisions that serve both financial and personal goals.“What makes my perspective unique is that I’m not just an advisor,” Martin says. “I’ve lived through the late nights, the payroll struggles, the investor pressures. I know what it feels like to be a founder faced with an exit—and I also know what buyers look for when they’re making decisions. My goal is to bridge that gap, so founders can walk away not just with money in the bank, but with peace of mind.”Looking AheadAs the Middle East continues to rise as a global hub for innovation, Martin believes that preparing founders for exits will be critical to sustaining long-term success.“Great businesses aren’t just built—they’re exited,” he concludes. “And the founders who understand this will not only create wealth for themselves but will also pave the way for the next generation of entrepreneurs.”For Martin Martinez, The Founder’s Exit Dilemma is more than a theory. It’s a personal mission to help entrepreneurs turn one of the most stressful moments of their careers into their most rewarding.

As part of this partnership, QNB has reaffirmed its commitment to empowering innovation and fostering sustainable growth by supporting startups that drive digital transformation and technological progress in Qatar.
Business

QNB partners with MCIT to support Tasmu Accelerator initiative

QNB announced a significant partnership with the Ministry of Communications and Information Technology (MCIT) to support the Tasmu Accelerator, an annual initiative launched to support global startups in introducing innovative solutions that contribute to Qatar’s transformation into a smart nation.The initiative focuses on strategic sectors such as healthcare, transportation and logistics, environment, financial services, and smart cities, aligning with Qatar’s long-term development objectives.As part of this partnership, QNB has reaffirmed its commitment to empowering innovation and fostering sustainable growth by supporting startups that drive digital transformation and technological progress in Qatar.Khalid Ahmed al-Sada, Senior Executive Vice-President, QNB Group Corporate and Institutional Banking, said:“Our sponsorship of the Tasmu Accelerator reflects QNB’s strong belief in the power of innovation and technology as key drivers of Qatar’s sustainable future. By supporting startups and entrepreneurs through this programme, we are contributing to Qatar’s Vision of becoming a Smart Nation and reinforcing our role as a trusted partner in the country’s digital transformation journey.”Commenting on the partnership, Eman al-Kuwari, Director of Digital Innovation at the Ministry of Communications and Information Technology, stated: “Our partnership with QNB reflects our mutual commitment to building a more diversified and sustainable economy by supporting innovation and entrepreneurship.“Through this co-operation, we aim to empower startups and emerging companies with the tools and opportunities needed to grow, while enhancing Qatar’s position as a regional hub for innovation and entrepreneurship. This also aligns with the Qatar National Vision 2030 and supports the country’s transformation into a knowledge-based economy.This initiative comes as part of QNB’s broader strategy to support the nation’s economic diversification and digital innovation goals in line with Qatar National Vision 2030.

As part of its commitment to fostering a dynamic digital business ecosystem and supporting the growth of startups in their journey towards market readiness, the Ministry of Communications and Information Technology (MCIT), signed co-operation agreements with six leading organisations to support the third cohort of TASMU Accelerator.
Business

MCIT signs co-operation agreements with cohort champions, strategic partners to support startups

As part of its commitment to fostering a dynamic digital business ecosystem and supporting the growth of startups in their journey towards market readiness, the Ministry of Communications and Information Technology (MCIT), signed co-operation agreements with six leading organisations to support the third cohort of TASMU Accelerator.The Cohort Champions include QNB, Deloitte, and Ooredoo, who will each award QR200,000 to three top-performing startups during the Demo Day, in recognition of their innovative solutions and their contribution to advancing Qatar's digital transformation.The Strategic Partners include Commercial Bank, Qatar Financial Centre (QFC) and Qatar Development Bank (QDB). Commercial Bank will provide free accounts to start-ups without a minimum deposit requirement, QFC will provide technical and business advisory services, support with licensing procedures, and offer incentives to companies nominated by the TASMU Accelerator, provided their activities fall within the scope of those authorised by or through QFC.QDB will ensure startups qualify for the Talent Community programme, in addition to offering up to six months of free housing and creating opportunities for co-investment through its investment arm.Speaking at the ceremony, Eman al-Kuwari, Director of the Digital Innovation Department at MCIT, said, "The signing of these agreements reflects our shared commitment to start-ups, and the importance of empowering them to generate tangible impact and succeed in building a business environment that fosters innovation."She emphasised the importance of institutional integration, knowledge exchange and collaboration with digital innovation leaders to support startups in expanding their operations and accelerating their entry into the local market through building a strong network of strategic partnerships with local and global institutions, reinforcing Qatar's position as a regional hub for digital innovation.These collaborations will further reinforce the progress of the TASMU Accelerator and consolidate its role as a leading national platform for supporting digital entrepreneurs. The programme has already gained broad international recognition, with its third cohort attracting more than 1,000 applications from 77 countries. This strong response underscores the accelerator's ability to attract top talent and innovative ideas from diverse markets, and to position itself as a gateway connecting global innovators with Qatar's entrepreneurial ecosystem.These agreements aim to strengthen the capacity of the third cohort of start-ups to enter the Qatari market, expand their operations and develop innovative solutions aligned with the Digital Agenda 2030 and the Qatar National Vision 2030, supporting the country's transition towards the digital economy.