Qatar Fintech Hub to support women entrepreneurs in Qatar and Kuwait

Qatar Fintech Hub to support women entrepreneurs in Qatar and Kuwait

The Qatar Fintech Hub, developed by Qatar Development Bank, has partnered with The International Trade Centre’s (ITC) SheTrades Initiative, and Visa, a leader in digital payments, and Qatar Fintech Hub (QFTH) to support youth and women entrepreneurs in Kuwait and Qatar.

As per the press release, the program ” Small Steps to Success” will have a curriculum for entrepreneurial development, digitalization, innovation and soft skills tailored to women. It will also offer Peer to peer sessions, and empower female entrepreneurs by engaging with financial instituations.

Youth and women-led small and medium-sized enterprises (SMEs) play an increasingly important role in the economy of the Gulf Cooperation Council (GCC) region, as 53% of young Arabs in the region plan to start their own business within the next five years, as revealed in results of the 15th ASDA’A BCW Arab Youth Survey. And in 2020, McKinsey forecasted that within a decade, the proportion of women in the Middle East in professional and technical roles will more than double due to digitalization and entrepreneurship.

In this context, ITC SheTrades and Visa are scaling their efforts in Qatar and Kuwait to position youth and women entrepreneurs at the forefront of economic growth and innovation in the GCC. 

In Qatar, Visa and ITC will be collaborating with the Qatar Fintech Hub (QFTH), the specialized FinTech Incubator and Accelerator program by Qatar Development Bank to empower early-stage entrepreneurs and FinTech startups.

Dr. Hamad Salem Mejegheer, Qatar Development Bank, Executive Director​ of Advisory & Incubation, said the initiative falls in line with the bank’s longtime efforts to propel entrepreneurs to success. “This initiative is in line with QDB’s vision of fostering innovation and developing a collaborative ecosystem that nurtures creative ventures to position Qatar as a leading global and regional fintech hub. Through the cultivation of a robust digital economy, we contribute to advancing the objectives of the Third National Development Strategy and Qatar’s economic diversification efforts.”

Shashank Singh, Visa’s VP and General Manager for Qatar and Kuwait stated: “Through this partnership, we will help equip more women and young entrepreneurs in Qatar and Kuwait the skills and network they need thrive in the digital economy. Our collaborative efforts with ITC and QDB are an embodiment of our belief in the transformative power of digital inclusion and its potential to create a ripple effect of growth and opportunity for everyone, everywhere.”

ITC Executive Director Pamela Coke-Hamilton said: “We’re strengthening our partnership with Visa to see more women and youth drive innovation and sustainability in Qatar and Kuwait. From online business courses to networking and financing opportunities, we’re taking a holistic and tailored approach to delivering the support they need.”

Applications are now open. Selected participants will receive support in identifying key challenges and opportunities to grow their business and will gain access to an e-learning package covering topics such as e-commerce strategies, sustainable business practices and financial readiness. These courses are designed to lay a foundation for entrepreneurs to further develop their businesses.

Unicorn Hunters partners with Qatar financial center for tech entrepreneurs

Unicorn Hunters partners with Qatar financial center for tech entrepreneurs

Unicorn Hunters, ta reality business series offering entrepreneurs a global platform to connect with millions of investors worldwide, has partnered with the Qatar Financial Centre Authority (QFCA) as it works to advance the nation as a world-class onshore financial and business hub.
This exciting new collaboration stands to further Qatar’s efforts to attract technology entrepreneurs which include Blockchain/DLT/tokenization innovators to the region, while simultaneously developing new partnerships and funding avenues for the Unicorn Hunters series, to the benefit of investor-fans, and featured entrepreneurs alike.

As part of the agreement, Unicorn Hunters and the QFCA will work together to position Qatar as a leading global innovation hub, connecting the country with innovators and entrepreneurs from both the Eastern and Western hemispheres. The partnership will also support the deployment of the Unicorn Hunters show in Qatar, integrating the series into the country’s innovation ecosystem and facilitating access to funding.

As part of a historic Memorandum of Understanding (MoU) signed at a special Signing Ceremony on the sidelines of the Qatar Economic Forum 2024, Unicorn Hunters and the QFCA will additionally work to promote and facilitate opportunities for entrepreneurs to establish operations in Qatar, with incentives available for a ‘soft-landing’ process and ensuring greater ease of doing business. High-growth startups may further be selected to be showcased on Unicorn Hunters, with the partnership also fostering collaboration on blockchain and financial technologies to ultimately democratize financial access to funding.

“Qatar’s commitment to technological prowess and ease of business start up and market integration, for example, to streamline the process of opening a new company in-country, makes this a perfect partnership,” stated Silvina Moschini, CEO of Unicorn Hunters and founder of the Unicoin, the official token of Unicorn Hunters. “At the same time, we are looking for future $1 billion ‘Unicorn’ companies to support and invest in Qatar, a nation striving to create an open and inviting economic environment for entrepreneurs from all walks of life who want to be the next Unicorn.”

As part of Qatar’s National Vision for 2030, the country has committed itself to creating a dynamic and sustainable economy by reinvesting its significant energy wealth into various other industries. The QFCA’s robust legal and regulatory frameworks additionally offer emerging companies access to one of the fastest-growing economies in the world.

“This partnership reflects QFC’s ongoing efforts in supporting Qatari entrepreneurs and empowering local startups and SMEs by providing a conducive business environment and an advanced innovation ecosystem that helps them grow and expand,” said Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC.

Viewed by millions globally, Unicorn Hunters supports emerging businesses by democratizing access to funding, giving entrepreneurs the opportunity to raise expansion capital from viewers around the world. In turn, viewers have the chance to make entry-level investments in pre-IPO opportunities. In 2022, Unicorn Hunters launched the Unicoin cryptocurrency, backed by real-world assets and investments in companies featured on the program.

Unicorn Hunters can be streamed on UnicornHunters.com, YouTube, Linkedin Broadcast, Facebook Video, and Vimeo. The program may also be viewed on Claro Video, one of the largest streaming platforms in Latin America, on Ghana’s TV3 Network, and on in-flight entertainment systems aboard Tap Air Portugal, WestJet, and Etihad Airways, the flagship airline of the UAE, serving millions of passengers across the Middle East, Europe, North America, Asia, Africa, and Australia.