QU & QFC unite to promote innovation, economic development

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
QU signs MoU with QFC
Officials during the signing ceremony.

Qatar University (QU) and the Qatar Financial Center (QFC) have signed a Memorandum of Understanding (MoU) to reshape the future of Qatar’s innovation, entrepreneurship, and economic development.

This collaboration between QU and QFC promotes a wide range of initiatives aimed at driving innovation, entrepreneurship, and economic development. With a shared vision of enhancing Qatar’s global presence, this partnership is set to create a positive impact on both local and international levels.

The collaboration between QU and QFC is set to bring about a host of initiatives to empower the nation’s innovation and entrepreneurship through Strategic Innovation, Entrepreneurship, and Economic Development (SIEED) and QU Holding.

President of QU Dr. Omar Al Ansari said that “this partnership is a testament to our dedication to fostering innovation and entrepreneurship in Qatar. We are thrilled to work hand in hand with Qatar QFC to advance our shared goals and fill the gap in the investment wallets in Qatar. We have to understand the real problem facing the investment sector in Qatar and find realistic solutions.”

From his side, the Chief Executive Officer of QFC, Mr. Yousuf Mohamed Al Jaida, stated that, “We are pleased to unite with Qatar University once again. On this occasion, we are combining our resources to advance our shared commitment to stimulate entrepreneurship and promote innovation and economic diversification in Qatar by providing a supportive infrastructure for start-ups. Through this partnership, we facilitate the registration of successful projects from the Qatar University Business Incubator with the QFC, giving them immediate access to tailored services and competitive benefits.”

By leveraging their respective statutory mandates, they will provide crucial services to support these entities, fostering an environment conducive to business growth and development.

Further, the collaboration also aims to define and develop attractive incentive packages to lure international and local companies operating in the research and education technology industry to establish a sustainable presence in Qatar.

QU and QFC will collaborate to create compelling marketing materials that highlight their projects, initiatives, and products, amplifying their impact, as per the statement.

Recommended | MoCI & WIPO sign MoU to empower Qatar SMEs