Al Fikra is a competition designed by the Qatar Development Bank (INSME Strategic Member) targeting professionals, entrepreneurs and students who have innovative business ideas that can be turned into successful private value-adding businesses to be operated and registered in the state of Qatar.
The competition is organised into three main categories:
- The Al Fikra Startup: to recognise innovative Qatari led startups with an educational and coaching program;
- The Al Fikra challenges: to recognise professionals with the best business plan providing innovative & sustainable solutions to current challenges;
- Mashrouie: to recognise university students with a strong entrepreneurial spirit that have developed a sustainable business plan to address specific challenges.
The competition is open to individuals as well as teams (3-5 members only) of residents living in Qatar. In the latter case at least a Qatari partner per team is required in order to set a business with a legal structure that could be operated and registered in the state of Qatar.
The competition rewards winning applicants with a variety of prizes. The complete list of reward packages is available at this link.