Posted on May 06, 2015

Qatar Business Incubation Center (QBIC) and Qatar Mobility Innovations Center (QMIC) signed an MOU agreement on the 3rd of May 2015, to collaborate and mutually promote each other as incubation partners who support innovative business projects.

This partnership between QBIC and QMIC marks the beginning of a new chapter for both centers to leverage the use of emerging mobility technologies and startups in a number of various fields including transportation, road safety, and environment. The initiative will drive QBIC’s mission to develop the next QAR 100 million value companies in Qatar. Through following an institutional approach, QMIC’s main goal is to develop and use locally-engineered innovations and knowledge to create technology-based industries that address regional challenges and grow with mega projects in Qatar and the region.

Aysha Al Mudahka QBIC CEO said: “We’re pleased to partner up with a renowned establishment such as QMIC, especially as it promotes forward thinking and innovation; both being essential factors for economic growth.” The partnership will bring opportunities for sharing platforms, data and knowledge between the centers, as well as paving the way for potential collaborations between QBIC entrepreneurs and QMIC projects. 

QBIC and QMIC new partners 2 [].jpgDr. Adnan Abu-Dayya, Executive Director and CEO of QMIC said: “We are very glad to partner with QBIC in promoting a user-centric innovations agenda to enable the creation of viable startup companies in Qatar. We believe that our institutional innovation development and market delivery approach complements QBIC’s incubation model. We look forward to working with the QBIC team to identify best mechanisms to leverage our collective assets in terms of know-how, technology platforms, data, and emerging business opportunities.”

QMIC’s team of experienced professionals will have the chance to collaborate with QBIC as part of the judging panel during selected events, to evaluate incoming startup companies, and assess new business ideas. QBIC will provide QMIC with a regular list of new ideas and concepts for future potential project collaborations. This partnership will create great opportunities for local talent and will be supported by the team of experts both in QMIC and QBIC.