Qatar Development Bank (QDB) chief executive Abdulrahman Hesham al-Sowaidi has underscored that the bank is committed to supporting the investors' innovative opportunities in fintech areas in Qatar, as well as developing and upgrading the works of startups in this field.
This came during the graduation ceremony of the fifth batch of the incubation and business acceleration programmes, held under the auspices of the QDB, themed 'Fintech and its evolution stage'.
The significance of project presentation day in the journey of supporting fintech lies in offering the best innovative investment opportunities for those interested in this field, al-Sowaidi said, adding that the QDB has been operating with its partners for the past months to localise and develop the works of 19 companies in a variety of fields.
He said that the QDB is working towards upgrading the fintech system in Qatar to a status that best qualifies it to diversify and advance the national economy.
So far Qatar FinTech Hub (QFTH) has concluded the events of projects presentation day for the fifth batch of the companies that graduated from the incubation and business acceleration programmes in the presence of representatives from strategic partners like Microsoft, MEEZA, and the Blockchain Research Institute (BRI).
In addition, 19 startups completed the incubation programmes and presented their offers before the investors and active partners in the entrepreneurship system after they had received guidance and training over 12 weeks through the programme offered by the QFTH in collaboration with local and international partners.
The QDB is committed to the required investments to support and empower these companies in co-ordination with the Qatar Central Bank (QCB), allocating $2,800,000 as primary in-kind and cash investments.
