The ten Qatar SportsTech companies have received 1.5m USD in
committed seed funding and secured a soft commitment of a further 5m USD
in up-coming funding
DOHA, Qatar–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/qatarsportstech?src=hash” target=”_blank”gt;#qatarsportstechlt;/agt;–Qatar SportsTech, in partnership with Qatar Development Bank and powered
by Startupbootcamp, the world’s largest network of innovation programs,
celebrated yesterday the first SportsTech Demo Day in MENA at Khalifa
Stadium.
The ten SportsTech teams that took the stage showcased solutions ranging
from wearables and equipment, fan engagement and experience, sports
medical, e-sports, sports culture, sports tourism, team performance and
analytics, venue optimization, and management.
During the program, the teams have created impact, establishing pilots
and partnerships with leading names in sports and key strategic
organizations in the region, including Qatar Airways, Supreme Committee,
QFC, Al Shaqab, FC Barcelona, US Professional Tennis Association and
many others. With the support from Qatar Development Bank (QDB), the
teams have secured 400.000 USD in the form of facilities and services,
in addition to a cash payment of 20.000 USD. After three months of
acceleration, all ten companies confirmed setting up legal entities in
Qatar.
“Our sincere congratulations to the QST team for their tremendous
strides and success in Doha and the region within such a short
time-frame. This is a testament to their outstanding expertise and
excellent track record in delivering world-class acceleration value,”
says Abdulaziz bin Nasser Al-Khalifa, CEO Qatar Development Bank.
In his opening remarks, Koen Bosma, program Managing Director, offered a
glimpse into what the future holds for Qatar SportsTech adding: “2019
was a time of new beginnings and what a start it has been! We have only
scratched the surface of our potential. I am so excited to soon be
welcoming new strategic partners to be joining Qatar SporstTech and to
see more initiatives like QST shaping the entrepreneurial ecosystem in
Doha. Watch this space!” says Koen Bosma.
Qatar SportsTech will continue supporting each company’s growth with
targeted connections, hands-on commercial and fundraising support, and
of course events that bring together over 800 Startupbootcamp alumni
companies worldwide.
For more information about Qatar SportsTech please visit www.qatarsportstech.com
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Contacts
Diana Florescu
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