QRDI Council Announces first four awardees in the piloting phase of the Technology Development Grant Program

  • Date: 28-Jan-2024
  • Source: Zawya
  • Sector:Technology
  • Country:Qatar
  • Who else needs to know?

QRDI Council Announces first four awardees in the piloting phase of the Technology Development Grant Program

Doha, Qatar: The Qatar Research, Development, and Innovation (QRDI) Council announces the four local companies successfully awarded the grant’s program: Karty LLC, Qatar Navigation Q.P.S.C (Milaha), Cytomate, and Syook.

The TDG program is another instrument, from QRDI Council ,designed to establish a dynamic R&D ecosystem envisioned in the QRDI 2030 strategy. Seeking to transform Qatar's innovation landscape, the program aims to increase the level of business R&D in Qatar significantly and incentivize private sector investment in technology development. The program mainly targets for-profit companies operating in Qatar - Small & Medium Enterprises, startups, Large Local Enterprises, and multinational corporations to support their R&D-based product development or process innovation projects.

Projects are funded with grants of up to QAR 10 million to help companies undertake technology, product, or process development projects that will significantly improve their competitiveness in their target markets. To be eligible for support, all development must be carried out locally, and companies are expected to provide job opportunities for local tech talent for their projects. The grant is running as a pilot and will be expanded more broadly after its soft launch.

“The TDG program demonstrates QRDI Council's commitment to driving innovation and technological advancement in Qatar. Through this and other