QBIC AND QMIC: NEW PARTNERS IN INNOVATION AND INCUBATION : QMIC : Innovative Solutions to Enable Smart Living

QATAR BUSINESS INCUBATION CENTER AND QATAR MOBILITY INNOVATIONS CENTER SIGN MEMORANDUM OF UNDERSTANDING

Doha, Qatar 6 May: 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.

Dr. 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.

About QMIC:

The Qatar Mobility Innovations Center (QMIC) is the first independent innovations center in the region with a focus on developing and deploying smart mobility systems and services. QMIC’s main goal is to 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. Since 2009, and through its focus, on distributed sensing, data collection & management, services creation and delivery, QMIC is becoming a national leader in the area of Internet of Things (IoT). In particular, QMIC has been leading in delivering IoT platforms, and IoT solutions and services in vertical domains including Intelligent Transport, Logistics & Telematics, Road Safety and Environment. Through its offices at the Qatar Science and Technology Park (QSTP), QMIC is working closely with key national partners and stakeholders to realize a market-focused innovations ecosystem in Qatar.

About QBIC:

Qatar Business Incubation Center (QBIC) is the largest mixed-use business incubator in the MENA region. QBIC was founded by two of Qatar’s leading government institutions supporting local entrepreneurs: Qatar Development Bank (QDB) and the Social Development Center (SDC). QBIC’s goal is to develop the next QAR 100 Million companies in Qatar. QBIC empowers entrepreneurs to start and grow companies by incubating, developing, connecting and investing.

One of QBIC’s flagship initiatives is LeanStartup, turning innovative ideas into startup businesses. LeanStartup is a ten-week entrepreneurial program that provides real world, hands-on learning experience on how to successfully start a company.