MCIT Signs Co-Operation Agreements With Cohort Champions, Strategic Partners To Support Startups

(MENAFN- Gulf Times) As part of its commitment to fostering a dynamic digital business ecosystem and supporting the growth of startups in their journey towards market readiness, the Ministry of Communications and Information Technology (MCIT), signed co-operation agreements with six leading organisations to support the third cohort of TASMU Accelerator.
The Cohort Champions include QNB, Deloitte, and Ooredoo, who will each award QR200,000 to three top-performing startups during the Demo Day, in recognition of their innovative solutions and their contribution to advancing Qatar's digital transformation.
The Strategic Partners include Commercial Bank, Qatar Financial Centre (QFC) and Qatar Development Bank (QDB). Commercial Bank will provide free accounts to start-ups without a minimum deposit requirement, QFC will provide technical and business advisory services, support with licensing procedures, and offer incentives to companies nominated by the TASMU Accelerator, provided their activities fall within the scope of those authorised by or through QFC.
QDB will ensure startups qualify for the Talent Community programme, in addition to offering up to six months of free housing and creating opportunities for co-investment through its investment arm.
Speaking at the ceremony, Eman al-Kuwari, Director of the Digital Innovation Department at MCIT, said, "The signing of these agreements reflects our shared commitment to start-ups, and the importance of empowering them to generate tangible impact and succeed in building a business environment that fosters innovation."
She emphasised the importance of institutional integration, knowledge exchange and collaboration with digital innovation leaders to support startups in expanding their operations and accelerating their entry into the local market through building a strong network of strategic partnerships with local and global institutions, reinforcing Qatar's position as a regional hub for digital innovation.
These collaborations will further reinforce the progress of the TASMU Accelerator and consolidate its role as a leading national platform for supporting digital entrepreneurs. The programme has already gained broad international recognition, with its third cohort attracting more than 1,000 applications from 77 countries. This strong response underscores the accelerator's ability to attract top talent and innovative ideas from diverse markets, and to position itself as a gateway connecting global innovators with Qatar's entrepreneurial ecosystem.
These agreements aim to strengthen the capacity of the third cohort of start-ups to enter the Qatari market, expand their operations and develop innovative solutions aligned with the Digital Agenda 2030 and the Qatar National Vision 2030, supporting the country's transition towards the digital economy Accelerator MCIT digital business ecosystem startups

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