Ninety One fund targets R16.5bn for African and Asian infrastructure
The fund plans to invest over the next three years, prioritising renewable energy as electricity demand grows across both regions.
Qatar is offering foreign tech founders up to $5.5 million in funding to support growth-stage startups looking to establish or expand operations in the Gulf country. This incentive package includes visas, subsidized housing, and business support. The initiative aims to make Qatar a destination for global entrepreneurs and offers two funding tracks: one for early-stage startups ($1.1 million) and another for established startups ($5.5 million).
The program is open to founders worldwide, including those from Africa, and prioritizes sectors such as AI, fintech, healthcare, and climate technology. African tech founders have shown interest, with nearly 20% of the startups exhibiting at the 2024 Web Summit Qatar being from Africa. However, the funding is contingent on meeting business milestones and contributing to Qatar's economy.
QDB will release the funds in stages as the startups progress. In addition to financial support, successful applicants may receive waived registration fees, subsidized co-working spaces, talent recruitment assistance, research grants, mentorship, and exhibition opportunities.
Written by urgent.news from TechCabal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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