Doha: The national qualifiers for the Entrepreneurship World Cup 2022, the first to be held in Qatar and organized by Qatar Development Bank (QDB), have come to a successful conclusion.
The competition took place in the main auditorium of the 3-2-1 Qatar Olympic and Sports Museum in the presence of the most prominent names from the local entrepreneurial ecosystem.
Twelve participating companies presented their business ideas to the jury and the audience. These pitches reflected pioneering and innovative ideas worthy of representing the State of Qatar on a global scale in various fields such as VR & AR Technologies, SportTech Solutions, FinTech Solutions, Smart Payment Solutions, Sustainability and HealthTech -Solutions.
In his speech, the acting CEO of the Development Bank of Qatar, Abdulrahman Hesham Al Sowaidi, highlighted the importance of these national competitions, which help to support and motivate start-ups to rise to the highest level of competitiveness and professionalism.
“This competition, at its first edition in our country, has achieved a large turnout, a testament to the strength of the national entrepreneurial ecosystem, which we always seek to strengthen through many initiatives and programs, in line with our strategy and the national vision of our country,” he added.
This is the fourth edition of the Entrepreneurship World Cup, launched in 2019 as the largest entrepreneurial competition of its kind, celebrating outstanding entrepreneurial ideas and innovative projects from various fields. The upcoming finals will include participants from more than 200 countries and the participation of the most respected startups from around the world.
Jonathan Ortmans, Founder and President of the Global Entrepreneurship Network, expressed his delight at the event, thanked the Qatar Development Bank for organizing it and emphasized his admiration for the emerging projects that entered the competition with the aim of reaching the final round of the achieve competition.
Qatar Development Bank is the national organizer of the competition in partnership with the Department of Trade and Industry and the Financial Center Regulatory Authority of Qatar and is sponsored by QNB, Doha University of Science and Technology and the Department of Sport and Youth. The brightest startups from Qatar competed for the opportunity to qualify and represent the State of Qatar in the finals of the global competition, which will be held in the Kingdom of Saudi Arabia.
Heba Ali Al Tamimi, General Manager Group Communications at QNB, said: “We would like to take this opportunity to congratulate the winning teams on their success and contribution to national development. As a strategic partner of these National Qualifiers, we are proud to witness the qualification of these startups as a testament to the advancement of Qatar’s entrepreneurial ecosystem.”
The winning startups from Qatar, along with the rest of the winning companies from around the world, will participate in an intensive virtual bootcamp in early 2023. After the end of the bootcamp, the top 100 startups will move on to the Global Finals, which will be held in March 2023 in the Kingdom of Saudi Arabia.