'Make in Qatar' may help develop local startup ecosystem
The private sector-led initiative 'Make in Qatar' is expected to help develop the local startup ecosystem, and drive the country towards self-sufficiency across a wide range of industries, according to an official of a venture and a growth capital platform.
'Make in Qatar' is composed of two components: the first is a more than $5mn seed fund, while the second is a management company that would address the needs of qualified startups, 360 Nautica founder and chairman Dr Tejinder Singh said.
The seed fund "would be funded by major players in the Qatari community," while a management company, 'Innovators [974]', would screen, select, and develop the shortlisted startups, Singh explained.