Startups attracting big investments in Qatar – The Peninsula

Startups attracting big investments in Qatar – The Peninsula

Qatar is witnessing sharp rise in number of startups and invest-ments. Investors are showing huge interest in such startups as technology-based businesses are growing, said panelists during an online event.

Founder Institute (FI) organised a webinar entitled ‘Startup Funding in Qatar with Doha Tech Angels: How to Raise Money’ which shed light on startup funding in Qatar.

The event fea-tured talks from entrepreneurs who have successfully raised money for their businesses and investors funding companies. Dr. Luana Ozemela, Fellow Co-Director, Founder Institute and Founder and CEO of DIMA said, “FI believes startups can create real impact in society but because they lack expert feedback during the early stage they often fail. Our program is focused to help pre-seed founders and teams get traction and funding through a devoted support network and structured growth process.”

Citing a report, she said, “According to a report by KPMG on the tech startups ecosystem on how the investments have been evolving in the last four years. In Qatar the size of the investments is getting bigger, and the total amount of investments are going towards tech startups. Ahmad Al Saygh, Entre-preneur and Advisor, Bedaya Center discussed about getting licensing in Qatar.

He said, “According to the Qatari law