Qatar Science Technology Park launches $30 million deep tech fund
Qatar Science & Technology Park (QSTP), a member of Qatar Foundation, has launched a $30 million tech fund for Qatar based deeptech startups with social and climate impact measures. The early-stage deep tech fund is part of Qatar’s broader strategy of Qatar’s National Vision 2030. According to QSTP, startups backed by the fund are expected to use Qatar as a launchpad into GCC and international markets while contributing to the country’s broader innovation economy.
QSTP also announced its first group of international co-investment partners, including Global Ventures, Golden Gate Ventures, White Star Capital, VentureSouq, and Builders VC.
The fund will primarily target pre-seed and seed-stage startups, while selectively participating in Series A follow-on rounds for companies demonstrating strong growth and alignment with Qatar’s innovation priorities.
Qatar Science Technology Park said the fund focuses on founders operating across sectors including artificial intelligence, robotics, biotechnology, advanced materials, clean technology, mobility, aviation technology, smart infrastructure, healthcare, agritech, proptech, and climate technology.
Rama Chakaki, President of QSTP, said the fund is built on the belief that the next generation of impactful companies will emerge from deeptech innovation with a strong impact focus. Unlike traditional VC structures, the fund operates through a co-investment model, requiring participating startups to already have backing from a local, regional, or global venture capital investor acting as a lead or co-investor.
