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Business and FinanceCommunications and IT

MCIT Announces the Fourth Edition of “Make the Deal” Program

06 Jun, 2022 10:05 AMMinistry of Communications and Information TechnologyIntended Audience
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The Digital Incubation Center (DIC) affiliated with the Ministry of Communications and Information Technology (MCIT) announced the fourth edition of Make the Deal. The program connects promising digital startups with local, regional, and international investment firms and investors to support digital entrepreneurship in Qatar. The program introduces investment opportunities for entrepreneurs and startups that harness emerging technologies to serve Qatar's digital economy and it further enables them to expand the scope of their businesses.

The number of applications exceeded 38 from investors and 120 from Tech startups from over 27 countries. DIC team is now screening the applications and will contact the selected applications to join the program that is scheduled for 8 June 2022. Before the event, all shortlisted participants will be individually mentored by global experts on pitch presentations and will also be part of the pre-event matchmaking process. The top 20 pitches selected and those will present their projects in front of investors at the Make the Deal on 8 June 2022. There will also be individual sessions between investors and entrepreneurs to present their projects to them.

It is worth mentioning that the Digital Incubation Center at the Ministry of Communications and Information Technology was established to foster a supportive ecosystem for digital startups in Qatar through its programs and local and international partnerships. Through Make the Deal program, the DIC matches startups with investors worldwide. The third edition of the Make the Deal witnessed a great demand from startups inside and outside Qatar, and 15 startups won funding grants from international investors amounting to 22.6 million Qatari riyals.

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