The wise leadership of Qatar has been keen on embracing and adopting the newest technological innovations in every field, whether it is in business, health care, education, transportation or communication, which is evident in the globally-acclaimed ease of doing business in the country. Under the Ministry of Commerce and Industry (MoCI), the Qatar ensures that investors and entrepreneurs are comfortable in starting and running their enterprises, small or large, providing them with modern-day infrastructure coupled with a hassle-free licensing regimen.
With regular surveys and feed-back mechanisms, MoCI keeps itself constantly updated with the daily changing needs of the entrepreneurial sector, especially in the fast-transforming technology industry. To strengthen the entrepreneurship and innovation ecosystem in the country, MoCI has recently launched an online survey on challenges to the entrepreneurs in the technology sector. The poll seeks to get answers on two vital questions: What are the challenges facing entrepreneurs in the technology sector and What is the best way to overcome them?
Technology seems to be the industry of choice of today’s aspiring business owners as it is a fast-growing field that attracts investors and venture capitalists where the payout potential is enormous for the successful ones. But there are many challenges to overcome to become successful business model.
Getting the right infrastructure with the most-modern communication modes, recruiting the bright and vibrant brains who can think out of the box, focusing on delivering the product in the fastest way possible, overcoming the cyber risks associated with technology, finding a viable market to sell the product etc are the main constraints of successfully setting up a technology enterprise.
Several entities in Qatar have launched many initiatives to promote home-grown entrepreneurship, especially in the initial stages of their inception. The Digital Incubation Center of the Ministry of Communications and Information Technology was created to boost ICT innovation, particularly among young minds at the critical early stages of starting technology related business.
Qatar Business Incubation Center provides support services to help aspiring entrepreneurs and companies who either have an idea to start a business or wants to expand an existing one. Qatar Science and Technology Park Incubation Center, which is a technology-focused incubation programme aims to foster local tech entrepreneurship.
Qatar is well-aware that huge industries with the burden of high pollution and requirement of vast areas to run is not suitable for the country provided the small available geographical area. But technology industry, especially those in the information and communications field is the most suitable ones for a country like Qatar.
The demand for ICT related products are witnessing an exponential growth in the aftermath of the world-wide Coronavirus pandemic. There is immense scope for online business and supporting technologies for the new global business model and Qatar is well on track to meet development demands of tomorrow.
