Qatar’s QDB, M7 unveil “Scale7”; First business incubator for creatives in region

By Shilpa Annie Joseph, Trainee Reporter
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M7
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The Doha-based government-owned financial entity, Qatar Development Bank (QDB), and the creative startup hub operating under Qatar Museums, M7 have launched Scale7, a business incubator for innovative entrepreneurs in the country.

Scale7 aims to create and cultivate an innovative and artistic ecosystem to incubate and promote Qatari entrepreneurs, SMEs, and groundbreaking emerging industries in the fields of fashion, design, and technology.

Scale7 is situated at M7’s premises in the center of Msheireb Downtown Doha. M7 serves as a creative ecosystem that supports Qatar’s aspiring design, fashion and tech entrepreneurs through business incubation, training and connections to industry leaders.

Abdulaziz bin Nasser Al Khalifa
Abdulaziz bin Nasser Al Khalifa
CEO – QDB

“We are elated to announce the launch of Scale7, the first business incubator for creatives in Qatar, which will be the first and most important platform to enhance the role of enthused entrepreneurs and aspiring Qatari designers in creating and producing Qatari brands in the field of fashion, design and related technology. The incubator will provide the creative entrepreneurs with all the tools, know-how, and expertise necessary to help them develop their ideas from initial concepts to final products that can compete in local, regional, and global markets.”

“The partnership with M7 is an important pillar of our vision and plans at QDB, as we strive to build a robust national network that helps achieve the country’s goals in diversifying the national economy, which aligns with the Qatar National Vision 2030,” Mr. Al Khalifa added.

Ahmad Musa Al Namla, CEO of Qatar Museums said, “The launch of the fashion and design business incubator, Scale7, is the culmination of a joint effort with QDB to support Qatari entrepreneurship and emerging SMEs. The initiative aligns with M7’s role to advance Qatar’s spirit of innovation and creativity, contribute to the diversification of the economy, and promote the nation on the world stage.”

Scale7 will enable entrepreneurs to participate in the 10-week training program, which will be guided by the prominent mentors and successful industry leaders. And, it will offer them a comprehensive understanding of how to operate a successful business in the fashion industry and enable them to transform their ideas into Qatari fashion brands with global aspirations.

Also Read: Fintech to foster Qatar’s economic diversification; QDB official

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