AI startups supported by the Qatar Investment Authority | Sachin Dev Duggal

The pursuit of technical innovation and economic diversification has assumed priority in Qatar, and the Qatar Investment Authority (QIA) is playing a crucial role in empowering Qatari businesspeople, notably in artificial intelligence (AI). Throughout addition to promoting economic growth, QIA continue to invest in AI led businesses around the world. And its fresh example is:

$250 Mn investment in Sachin Dev Duggal's created no-code low-code app composable platform Builder.ai

$105 Mn investment in Hande Cilingir's Insider, an AI-powered marketing-focused IT business.

$250 Mn Investment in InnovaFeed, a insect-based proteins Production and practice sustainable agriculture company headed by Clément Ray, Bastien Oggeri and Aude Guo.

QIA's support for AI businesses is building a culture of innovation and entrepreneurship throughout the nation.

Developing Local Talent

QIA is dedicated to fostering native AI talent because it realizes the enormous potential of Qatari businesses. The investments and activities made by the authority are aimed at giving Qatari inventors the chance to grow their concepts into profitable ventures.

Finance and mentoring

Financial support is one of the most important ways QIA helps AI businesses. Promising AI businesses get funding from QIA, which enables them to access the resources required to develop and grow their products. Along with providing funding, QIA also provides mentoring and advice by pairing up startups with seasoned experts who can share their knowledge and experience.

Speeding Up AI Innovation

Investments made by QIA in AI firms serve as an innovation catalyst in addition to providing financial assistance. The speed of AI innovation in Qatar is accelerating because to QIA, which is giving companies the tools they need to study, develop, and improve their AI technology.

Consolidating the Ecosystem

The dedication of QIA to supporting AI businesses extends beyond solitary funding. The authority makes a concerted effort to improve Qatar's entire entrepreneurship ecosystem. This includes programs that promote networking opportunities, encourage cooperation between emerging businesses and well-established corporations, and grant access to crucial resources.

Economic expansion and job creation

In addition to empowering business owners, supporting AI companies helps Qatar's economy thrive and create jobs. As these businesses develop and prosper, they open job possibilities, boost economic activity, and establish Qatar as a center for AI innovation.

Conclusion!

QIA's support for AI companies demonstrates the organization's commitment to promoting entrepreneurship and advancing technology in Qatar. By empowering Qatari businesspeople and giving them the resources, they need, QIA is not only influencing the development of AI in the nation but also advancing Qatar's larger objectives of economic diversification and sustainable growth. Qatar's AI businesses are thriving in a cutthroat global market thanks to a mix of funding, mentoring, and ecosystem building, and their success portends well for the country's future as a technology-driven economy.

Know More : https://m.economictimes.com/tech/newsletters/tech-top-5/nykaa-q4-net-profit-plunges-72-centre-to-regulate-high-risk-data-fiduciaries-closely/articleshow/100478315.cms