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Qatar Science and Technology Park

08 Sep, 2020
TopicCommunications and IT
Intended Audience
Visitor:StudentTouristBusiness Owner
Citizen:ParentBusiness OwnerEmployee
Resident:ParentEmployee

Qatar Science and Technology Park

Inaugurated in March 2009, Qatar Science and Technology Park (QSTP) is a home for technology-based companies from around the world, and an incubator of start-up enterprises. The park's support programs provide premises, facilities and services to help organizations develop and commercialize their technology.

The park is located in Qatar Foundation's Education City, alongside several major university campuses. Its current members include EADS, ExxonMobil, GE, Microsoft, Shell and Total.

Facilities

Companies can lease state-of-the-art offices and laboratories or commission their own buildings to be designed and built by QSTP. The two types of facilities available are:

  • Innovation Center's offices: Ideal for small, start-up companies, the center provides fully-furnished offices from 45 sq. meters with meeting rooms, business services and expert advice on site. The Innovation Center is also the science park's communal hub, featuring cafes and open public spaces.
  • Tech Centers: A pair of two-storey buildings suited for medium and large companies.Tech Centers are able to accommodate both heavily equipped laboratories and modern offices. The customizable spaces are available in increments of 500 sq. meters. 

Support Programs

QSTP provides a number of support programs to help foster innovation. Those include:

  • Proof of Concept Fund: Funding for innovations that are commercially viable.
  • New Enterprise Fund: A $30 million fund designed to support start-up technology companies. Investments range from $500,000 to $3 million.
  • Technology Innovation and Entrepreneurship Program: Experienced professors and entrepreneurs teach aspiring business leaders how to bring innovations to the market.
  • Mentoring Program: one-to-one guidance from experienced technology business innovators. 
  • Investor Readiness Program: Training on how to raise capital — from creating cash flow projections to choosing the right investor.

Businesses interested in becoming a member should apply through Qatar Science and Technology Park's website.