Qatar Development Bank (QDB) is a financial entity fully owned by the government, set up by Emiri Decree to invest in and develop local industries by supporting SMEs in Qatar. QDB’s support of QBIC is directly aligned with the bank’s mission, vision and strategy.

QDB has the mission of accelerating the development of the Qatari private sector in line with the diversification needs of Qatar. The bank’s vision is to be the primary enabler of Qatar’s private sector and economic diversification through strategies to shift the economic focus away from the hydrocarbon industry by stimulating a robust and diversified private sector. QBIC plays an important role in helping fulfil these aims for a thriving and sustainable Qatari economy.

Nama was established under the patronage of Her Highness Sheikha Mozah Bint Nasser, Chairperson of Qatar Foundation for Education, Science and Community Development. Nama is a nonprofit, social and development organization that creates professional development opportunities by helping individuals identify and secure their ideal careers.

Nama supports QBIC as a leader in promoting SMEs and entrepreneurial activity in Qatar towards these goals.

As part of its initiative to support tourism startups and scaleups, the National Tourism Council set up the country’s first Tourism incubator at the Qatar Business Incubation Center premises.

Ooredoo and Qatar Business Incubation Center partnership launched a state-of-the-art “Digital and Beyond” incubator within QBIC’’s premises to encourage the creation of a new range of startups and technology-focused businesses, as well as a national contest for new startup ideas.