QDB join forces with Microsoft Qatar to support entrepreneurship ecosystem

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
QDB-Microsoft Partnership
Officials during the signing ceremony.

Qatar Development Bank (QDB) has entered into a partnership with Microsoft in order to accelerate the digital transformation of startups and SMEs and to foster innovation.

This move is part of QDB’s integrated efforts to bolster the local entrepreneurship ecosystem and talent pool as well as Qatar’s position as a regional innovation and technology hub.

The partnership will enable SMEs to benefit from emerging technologies, leveraging Microsoft Cloud to improve performance, boost productivity, reduce costs, and develop innovative solutions.

Commenting on this partnership, Mr. Abdulrahman Hesham Al Sowaidi, Acting CEO of QDB said that, “This partnership provides access to an advanced set of digital platforms, and guarantees the readiness of our innovators and startups to pursue aspirations that fall in line with our goals of developing Qatar’s entrepreneurship ecosystem and strengthening the country’s position as a center for innovation and technological excellence.”

Lana Khalaf
Lana Khalaf
General Manager
Microsoft – Qatar

“Startups and SMEs play a pivotal role in accelerating Qatar’s digital economy and its position as an innovation hub for investment. Through this initiative, businesses will have access to the latest cloud technologies and digital skills needed to achieve their business goals and contribute to Qatar’s economic growth and development. This partnership supports our efforts to be the preferred and trusted partner for cloud innovation for all sectors of the economy in Qatar.”

The initiative will also provide SMEs with the opportunity to build their digital skills through the Microsoft Learn platform, which equips entrepreneurs, leaders, and employees with the necessary skills to leverage cloud technology to accelerate digital transformation and achieve growth in a knowledge-based economy.

Startups under Qatar Development Bank will also now have access to Microsoft’s Founders Hub, a platform that brings together people, knowledge, and technology to help founders solve challenges in every stage of their ambitious journey.

Microsoft will also offer access to learning tools to enable entrepreneurs and startups to leverage cloud technology such as artificial intelligence, data analytics, and the Internet of Things to launch a successful business.

Related: Oman Arab Bank signs joint agreement with Alizz Islamic Bank & ORIS