Qatar marks milestone towards creating regional hub of sports techAdmin
Publication: thepeninsulaqatar.com – English (English | Website)
Ten innovative business ideas related to sports technology, which were extensively accelerated over a period of three months, are now set to play a major role in the transforming Qatar’s sports industry. The products are inspired and designed to fulfill the industry needs, both here in Qatar and across the globe.
These innovative ideas, providing a wide-range of products and services, include e-sports, broadcast wearables and fitness tech, said the top official of Qatar S p o r t s T e c h ( Q S T ) , yesterday.
Qatar SportsTech (QST), a leading startup accelerator for innovative sports companies, yesterday held its first Digital Demo Day to celebrate the successful completion of the second cohort of its highly acclaimed Accelerator Program.
This is being considered as yet another milestone towards establishing Qatar as a regional hub in terms of sports technology as well as a global destination for innovative startups and departure point from where innovative ideas in the industry can scale-up to reach at global levels.
The initiative is in line with Qatar’s long-term strategy to transforming the energy-rich economy into a knowledge-based society which will be more diversified and sustainable, safeguarding the interests of the future generations. “Within Qatar’s National Vision 2030 building a diversified knowledgebased economy is an objective we are all working to realise.
And today’s event indeed is contribution to achieve this vision,” said Hamad Al Qahtani, SME Incubation & Acceleration Manager at Qatar Development (QDB) during the demo day. Al Qahtani, in his video message, which was launched yesterday during the Demo Day through QST’s official website, added: “As a leading global sports accelerator Qatar SportsTech was initiated by QDB and powered by Startupbootcamp. QST is working to support key players in the sports industry such as the Supreme Committee for Delivery & Legacy, Qatar Financial Centre, Aspire Zone Foundation and beIN Media Group.”
He reiterated that the startup accelerator (QST) aims to be a major contributor in transforming Qatar into a leading hub in the field of sports technology. Heba Al Masri, Managing Director at QST, on her part, said: “Ten great business ideas were extensively accelerated over the course of this second wave.
We aim to fulfill the industry needs, both here in Qatar and across the globe. These innovative ideas, providing a widerange of products and services, include e-sports, broadcast wearables and fitness tech.” She noted that these products, which are based on innovative ideas and cutting-edge technologies like AI, are going to play a key role in the fast changing sports industry of tomorrow.
The event went live yesterday at 9am (Doha time) enabling sports industry experts and investors from around the world to watch the pitch presentations of the second cycle of SportsTech startups of the Accelerator Program.
QST’s Accelerator Program, which aims to grow 10 startups with innovative sports technologies in each edition, ran its second cycle between January and March 2020, comprising pioneering SportsTech startups from eight different countries, scouted out of 1500 startups from across 43 countries. In each cycle of the Accelerator Program, the QST team scouts the world to find and engage with startups that use cutting edge technology with the main aim to accelerate the growth of the SportsTech industry.
Participating startups in the second edition of the Program included ClassTap, Fridai, Golee, HiQ-Nano, MoodMe, SponixTech, Torq Labs, Wisify, 12th Player and ChantUnite. QST’s 12 week, part-time programme gives startups the resources necessary to accelerate their growth through mentorship and building strategic relationships with QST’s partners.