Doha: The total portfolio value of startups supported through the TASMU Accelerator, launched under the Smart Qatar TASMU Program (since its launch), has exceeded QR4bn which underscores Qatar’s strategic commitment to developing a competitive digital economy, Director of the Digital Innovation Department at the Ministry of Communications and Information Technology (MCIT), Eman Al Kuwari has said.
MCIT organised TASMU Accelerator’s Third Cohort Demo Day, reaffirming its commitment to fostering digital innovation and entrepreneurship. The event celebrated the graduation of 10 startups from the third cohort of TASMU Accelerator startups, while the three top-performing startups received financial award from the Cohort Champions in recognition of their excellence in providing innovative digital solutions.
Al Kuwari said: “The TASMU Accelerator reflects our vision to build a comprehensive digital ecosystem that drives innovation and enables startups to achieve sustainable growth in line with national priorities and the goals of Qatar’s National Vision 2030. Through the support of our Cohort Champions and strategic partners who provide market-access services, the third cohort achieved 40% sales growth since joining the programme and successfully generated local sales opportunities exceeding QR330m within Qatar. These results demonstrate the growing strength of Qatar’s startup ecosystem and MCIT’s continued efforts to position the country as a regional hub for digital innovation and entrepreneurship.”
The Demo Day brought together officials from Qatar’s ICT sector, alongside representatives from Cohort Champions: Ooredoo Qatar, Qatar National Bank (QNB), and Deloitte who awarded QR200,000 to each of the three top-performing startups: Nexx Group, Blueroom Innovation, and Juleb. The event also convened Strategic Partners, including the Commercial Bank of Qatar, Qatar Financial Centre, and Qatar Development Bank, which provided comprehensive support to the participating startups by offering infrastructure and essential services, including company registration services, financing facilities, banking services, housing options, and investment opportunities.
The third cohort of TASMU Accelerator attracted over 1,100 applications from 78 countries, from which 47 startups were selected for the pre-acceleration and 26 startups advanced to the acceleration phase.
Over a six-month intensive journey, participating startups benefited from a structured programme that combined investment facilitation, sales support, capacity-building workshops, and access to specialised talent, tools and sector expertise.
Hassan Ismail Al-Emadi, Chief Business Officer (CBO) at Ooredoo Qatar, said: “Supporting the TASMU Accelerator reflects Ooredoo’s ongoing commitment to driving digital innovation that delivers measurable economic and societal impact. In close partnership with MCIT and our strategic collaborators, we are enabling startups to transform ambitious ideas into scalable, market-ready solutions that address Qatar’s national priorities and accelerate the country’s digital transformation.
“Through TASMU, we are empowering entrepreneurs to build successful ventures in Qatar and strengthen the foundations of a knowledge-based digital economy aligned with Qatar National Vision 2030. The success of this third cohort, demonstrated by strong sales growth and a growing local pipeline, highlights the programme’s pivotal role in strengthening Qatar’s position as a regional hub for future-shaping digital innovation.”
In this regard, QNB affirmed that its sponsorship of the TASMU Accelerator stems from its commitment to supporting digital innovation and strengthening the entrepreneurship ecosystem in Qatar, in alignment with Qatar National Vision 2030.
QNB noted its keenness, as one of the leading financial institutions in the region, to empower startups and entrepreneurs by supporting national initiatives that contribute to developing digital solutions, accelerating the adoption of advanced technologies, and enhancing the knowledge-based economy, thereby boosting local market competitiveness and supporting sustainable digital transformation.
