(MENAFN- The Peninsula) lalin fernandopulle |
The Peninsula
Ibtechar, Qatar's largest innovation development and management company which marks over a decade of pioneering innovation sees the State and the region as major markets in the innovation space according to a top official of the company addressing a media round-table at Chedi Katara, Doha yesterday.
Ibtechar's Founding Partner and CEO Nayef Al Ibrahim said over the past 15 years Qatar has developed a huge infrastructure which has put the country on a different direction that opened it to contribute globally. Since then there has been major contributions from the private sector and Ibtechar representing the private sector is that one case.
“On the vast investment there has been innovation across sectors including food, healthcare, tourism, education and agriculture to name a few. We want to share in Qatar's National Vision 2030,” he said.
Founded in 2011 Ibtechar was the first companies to be incubated at the Digital Incubation Center in Qatar.
Since then the company has delivered over 40 innovation projects, and has recruited and managed over 600 skilled talents.
The company's CEO and co-founder Al Ibrahim attributes the success to a unique combination of local context understanding and global trends that drives the company's innovative solutions. At Ibtechar we provide innovation solutions to the market with the right skills and technology to make things happen. We do innovation, program, product and design development and in innovation development we ask the deep question why?, he said adding that the company combines local context with global trends.
Ibrahim said the company is keen to look into different opportunities and markets understanding the demand and business models.He indicated the interest of the company to explore business opportunities in Saudi Arabia.
“We are open to grab opportunities if offered by the Saudi market,” Ibrahim said.
Ibtechar also according to Ibrahim plans to go public in the future. He said the company will look at listing in the Qatar Stock Exchange opening up for other entities to contribute to the organisation.
Ibtechar provides practical innovation solutions to institutions and businesses.
With technology advances opening up new possibilities across all industries it develops tailored services and programs that are aligned with the supply of technology equipment.
The Sanea Project, which attracted a portfolio of private sector partners, is an exemplary highlight of the innovation program managed by Ibtechar. The project promoted cultural change across more than 75 schools, reaching over 8,500 students through competitions, 300+ tech teacher training, promotions, boot camps, five curriculum developments, and more than 350 workshops. The project produced over 350 prototypes and projects. 13+ prototypes were recognized regionally and globally.
Ibtechar's innovative solutions span a wide range of industries and entities, including government, oil and gas, defense, energy, public, and private sectors.
The company owns over 70 percent market share of Qatar's innovation spaces, including MADA Fab Lab, QBIC Fab Lab, Qatar Science Technology Secondary School Fab Lab, Studio 5/6, Strategic Innovation Entrepreneurship and Economic Development Fab Lab, Sanea Mobile Fab Lab, and Ibtechar's Innovation Lab. Ibtechar's commitment to practical innovation has been recognized with the prestigious Qatar's Top 50 SME Excellence Award.
The Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani honoured Ibtechar at the SME Excellence Awards ceremony.