https://techcrunch.com/2024/03/04/qatar-reportedly-has-a-100m-fund-for-startups/

Qatar unveiled its startup investment program at the recent Web Summit through its development bank. The program aims to attract seed and growth-stage tech companies seeking to establish or expand operations within the country. TechCrunch has learned that the program, known as the “Startup Qatar Investment Program,” is backed by a Qatar Development Bank (QDB)-managed $100 million fund.

In a statement, QDB revealed that the program will offer funding of up to $500,000 for early-stage startups looking to establish a presence in Qatar, and up to $5 million for growth-stage companies seeking to expand their operations in the Middle Eastern country. Additionally, the development bank highlighted that apart from financial support, it will provide portfolio startups access to markets and expertise. As stated on its website, the program targets startups in over fifteen sectors, including fintech, cleantech, agritech, B2B SaaS, healthtech, marketplaces, proptech, AI & ML, and robotics.