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Investors Urged to Back Qatar's New Entrepreneurs

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Investors Urged to Back Qatar's New Entrepreneurs BUSINESS | Page 1 SPORT | Page 1 QP signs Asian deals with champs Total for Qatar in Namibia ‘tough’ group exploration for beach blocks handball published in QATAR since 1978 WEDNESDAY Vol. XXXX No. 11289 August 28, 2019 Dhul-Hijja 27, 1440 AH GULF TIMES www. gulf-times.com 2 Riyals Arrayah chief PM attends Najah Qatari festival editor Saleh al-Kuwari Investors urged to passes away he Editor-in-Chief of the local back Qatar’s new Arabic daily Arrayah, Saleh bin TAfsan al-Kuwari, passed away in London yesterday while undergo- ing treatment. He was 57. Arrayah is a sister publication of Gulf Times. Al-Kuwari, who was also chair- man of Qatar Press Centre, assumed entrepreneurs the post of Arrayah’s Editor-in- Chief on September 6, 2008. He was zQSTP to mark its 10th anniversary on October 21 earlier deputy managing editor of Qatar News Agency (QNA). A gifted writer and a staunch nstead of overseas property portfo- In addition to incubating young supporter of Qatar’s stance, he suc- lios or shares, more people are join- entrepreneurs, QSTP hosts research ceeded in consolidating Arrayah’s Iing the growing number of ‘angel’ and development operations from HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser position as a pioneering and leading investors in local startup companies, multinational companies in energy, bin Khalifa al-Thani witnessed the launch of the third edition of Najah Qatari newspaper in the region. according to Yosouf Saleh, executive information technology, healthcare festival at the Doha Exhibition and Convention Centre yesterday. HE the He defended Qatar against the director, Qatar Science & Technology and aviation. Partners include Cisco, Prime Minister honoured the participants in the decision-makers forum, false propaganda unleashed by in- Park (QSTP), part of Qatar Foundation ConocoPhilips, General Electric (avia- which reviewed the success stories of several decision-makers in Qatar. A dividuals and organisations in some Research, Development, and Innova- tion and healthcare), Microsoft, Ros- number of senior off icials attended the forum. HE the Prime Minister also countries, particularly after the un- tion (QF RDI). neft, Shell and Exxonmobil. These toured the exhibition pavilions where he was briefed on the achievements just blockade was imposed on Qatar “These ‘angel’ investors are often partnerships contribute signifi cantly of Qatar in various fields, in addition to the major projects and youth by some of its neighbours. the fi rst to back upcoming entrepre- to growth and the diversifi cation of the innovations presented by the participants. – QNA A collection of his articles has been neurs with product ideas, and while economy. published in the form of a book titled the investments carry risk, they also “We have already developed tech- Qatar Stronger Than the Blockade. off er some of the biggest rewards,” he nologies and technical applications Expressing his condolences, Gulf told Gulf Times in an exclusive inter- that have entered the market,” said Times Editor-in-Chief Faisal Ab- view in connection with the 10th an- Saleh. “I think QSTP has helped devel- dulhameed al-Mudahka said he has niversary of QSTP. op an innovation mindset in the people Kahramaa to launch lost a brother, a dear friend and a re- QF’s innovation hub at Education QSTP executive director Yosouf Saleh of Qatar. Part of that mindset is for spected colleague. Page 20 City, QSTP hosts research and devel- private investors to take part in back- opment operations from multinational QSTP research and development and ing the young entrepreneurs alongside pre-paid services corporations to small private startups. several advanced knowledge discover- the other programmes that help them In brief Speaking as QSTP prepares a campaign ies were facilitated by QSTP in collab- bring their inventions to market.” to raise awareness of the benefi ts of oration with its partners. In addition, In addition to being located next to By Ayman Adly al-Ali, HE the Minister of Munici- supporting young tech entrepreneurs QSTP supported regional companies some of the world’s best researchers in Staff Reporter pality and Environment Abdullah bin and Qatar’s innovation ecosystem, by investing in over 115 companies those industries, QSTP off ers a range Abdulaziz bin Turki al-Subaie and REGION | Diplomacy Saleh called on private investors to take across 12 Mena countries in exchange of incentives and support to help new other senior offi cials were present. Lift sanctions fi rst, a fresh look at companies close to home. for an equity stake in their business. entrepreneur. atar General Electricity and The fi rst session (decision mak- Iran tells US “At QSTP we have many young Qa- “In addition to free space at QSTP Water Corporation (Kah- ers forum), hosted HE the Minister taris with huge potential that we are we also off er access to grant funds and Qramaa) is set to sign contracts of State Ahmed bin Mohamed al- President Hassan Rouhani yesterday helping to develop their product,” the for more mature companies, access to with an international company to Sayed, who is also the chairman of told the United States to “take the offi cial said, referring to their network GULF TIMES the new Technology Venture Funds upgrade its services, including the Qatar Free Zones Authority, the Pub- first step” by lifting all sanctions of support and initiatives. “For the helping companies scale and expand introduction of pre-paid meters and lic Works Authority (Ashghal) presi- against Iran, dampening down the country’s future, private investors need EXCLUSIVE internationally,” said Saleh. “Most remote reading of meters. dent Saad bin Ahmed al-Mohannadi, likelihood of meeting US counterpart to join us and support Qatar’s best new importantly we connect them with This was announced by Kahramaa Aspetar director general and Aspire Donald Trump. Foreign Minister young talent with exciting ideas. Local the ecosystem. Researchers in the RDI president Issa bin Hilal al-Kuwari in Zone Foundation CEO Mohamed bin Mohamed Javad Zarif said the angel investors have started to build a “Our strengths are our international institutes are an example.” A few hun- the presence of HE the Prime Min- Khalifa al-Suwaidi, and Qatar Media prospects for such a meeting were community and they are growing fast.” business and research partnerships,” dred metres west on the Al Luqta road ister and Interior Minister Sheikh City CEO Mohamed Badr al-Sada. “unimaginable” even if the United Investors in startup companies says Saleh. “Coupled with the research are the homes of Qatar Computing Abdullah bin Nasser bin Khalifa The offi cials spoke about the chal- States rejoins a landmark nuclear based at QSTP also benefi t from sig- facilities available at Education City, Research Institute, Qatar Biomedical al-Thani yesterday at the third edi- lenges encountered throughout deal with Iran. Trump had said less nifi cant existing investments in the we have an entire ecosystem of stu- Research Institute, and Qatar Environ- tion of Najah Qatari (Qatari success) their professional lives and how they than 24 hours earlier he was ready innovation ecosystem that have been dents, research labs and end-users ment and Energy Research Institute. festival at the Doha Exhibition and overcame them. They also briefed to meet with Rouhani within weeks, made over its 10 years, helping the all brought together in an enclosed “We also help them network with the Convention Centre. the audience about the key develop- in a potential breakthrough reached startup companies to potentially grow physical space where we can incubate global innovation ecosystem: through HE the Prime Minister, along with ments in their organisations. during a G7 summit in the French faster and fi nd international markets a venture, assure that it is not develop- connections with Silicon Valley, the the festival organising commit- HE al-Sayed said the free zones seaside resort of Biarritz. Page 8 for their products. ing duplicate technology, provide seed Arab Innovation Academy as well as tee chairman Khalid bin Nasser al- project aims at engaging young Since 2009, some 108 companies fi nancings and counselling and off er access to mentorship with global entre- Utaibi honoured the senior guests of people and entrepreneurs to enter EUROPE | Aviation have worked at QSTP. More than 30 the best environment in the region to preneurs who come to Qatar,” he added. the fi rst session. into partnership with international Security breach: Munich commercialised products have been create real value. We have all the right The 10th anniversary of QSTP is be- HE the Minister of Culture and companies and economic entities. airport cancels fl ights introduced to the market, derived from tools right here.” ing marked on October 21. Page 20 Sports Salah bin Ghanem bin Nasser To Page 2 Around 130 flights have been cancelled at Munich Airport after a passenger evaded a security checkpoint by passing through an emergency exit door. “Passengers Russia, Turkey agree steps to tackle militants in Idlib: Putin should expect disruptions in air traff ic throughout the day,” the airport said. Passengers should zErdogan says Syrian have been waging an off ensive in the contact their airline for further offensive in Idlib Idlib region, the last remaining rebel- Joint production of information. All of Terminal 2 and held territory in Syria. Much of the warplanes discussed portions of Terminal 1 were cleared unacceptable region is controlled by jihadists linked by police as they conducted a search to the former Nusra Front, which was Russian President Vladimir Putin for the individual who was eventually Reuters linked to al Qaeda. said yesterday that he had discussed found and taken into custody after Moscow Erdogan, standing alongside Putin, with Turkish counterpart Recep more than two hours.
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