QU launches faculty-led fintech startup – The Peninsula

QU launches faculty-led fintech startup – The Peninsula

Doha: Qatar University (QU) yesterday announced the spin-off of its first faculty-led startup in the Fintech sector — Genesis Technologies LLC, which was co-founded by Dr. Mazen El Masri and Dr. Karim Al Yafi, faculty members and scientists of Management Information Systems (MIS) at QU’s College of Business and Economics.

The founders along with their team of blockchain developers have developed a novel block chain technology platform, that promises to enable radically more cost and energy-efficient decentralised and secure transactions in the digital economy.

Genesis is a direct result of the work of the University Innovation & Entrepreneurship Strategy, a major initiative launched by QU that aims to position the university as a catalyst for sustainable socio-economic development of Qatar. The strategy also supports the national efforts for economic diversification and transition of the country to a knowledge-based economy in line with Qatar National Vision 2030.

QU President, Dr. Hassan Al Derham commented on the occasion saying, “Qatar University, as the largest higher education institution in Qatar and a bedrock for knowledge creation and innovation, has recently launched Qatar University Holding Company (QU Holding), which is in line with its Innovation and Entrepreneurship Strategy, with the aim to make sustainable socio-economic development a