Doha – With the aim of supporting Qatari entrepreneurs and nurturing their creative and innovate ideas towards achieving a diversified economic development, Qatar Development Bank (QDB) launched sixth edition of its National Business Competition ‘Al Fikra’ at its headquarters, in the presence of senior officials of Ooredoo and Sasol the competition’s official partners, and Carnegie Mellon University-Qatar (CMU-Q) representatives, and a number of QDB officials.
Al Fikra is an educational initiative to nurture and develop entrepreneurs in Qatar through workshops aimed at developing their entrepreneurial business ideas and transforming them into successful projects. The competition also aims to encourage them to establish new companies and promote a culture of entrepreneurship in Qatar, while marking a major milestone in their entrepreneurial career as it empowers them to form partnerships and establish excellent relationships with investment institutions, banks and strategic partners. Moreover, Al Fikra helps Qatari entrepreneurs hone their skills, develop capacities and showcase innovative work.
The competition also stimulates entrepreneurs’ competitive spirit in coming up with effective solutions to overcome obstacles in the way of their ambitions and entrepreneurial projects. It also comes within the framework of QDB’s strategy to provide all forms of support to the SME sector, leading to economic prosperity.
Al Fikra is sponsored by Ooredoo as the official communication sponsor, and Sasol as golden sponsors, in addition to participation of CMU-Q as the competition’s academic partner.
Commenting on the occasion, Hamad Al Kubaisi, Executive Director of Strategy & Business Development , QDB said: “Launch of sixth edition of Al Fikra competition comes in the context of our commitment to develop national economy and contribute to achievement of the Qatar National Vision 2030, by empowering entrepreneurs and SME owners, developing their capacity, and providing them with the support they
need to establish a foothold in the Qatari market and develop their businesses. The competition paves the way for Qatari entrepreneurs – whether students, professionals or businessmen – to present their ideas and business plans for innovative projects that serve diversity of the national economy and opens up new business horizons..”
Applications will be accepted from December 10 and the closing date is February 1. The final announcement will be made on April 30 about the selected entries. Replying a question, Al Kubaisi said, the competition has been receiving maximum entries from IT and service sectors in the past.
Sheikh Nasser bin Hamad bin Nasser Al Thani, Chief New Business Officer, at Ooredoo Qatar, Thabiet Booley, Senior Vice President Energy at Sasol and , George M White, Distinguished Career Professor of Entrepreneurship at Carnegie Mellon University in Qatar were also present at the press conference.