Ministry of Communications and Information Technology announces 25 start-ups selected for TASMU Accelerator 2024

Doha: The Ministry of Communications and Information Technology (MCIT) announced the selection of 25 local and international start ups from 14 countri...

Doha: The Ministry of Communications and Information Technology (MCIT) announced the selection of 25 local and international start-ups from 14 countries to join TASMU Accelerator program for 2024. This follows an initial pool of over 640 applicants from 74 countries, with 40 start-ups advancing to a pre-acceleration phase.

All shortlisted start-ups underwent a rigorous evaluation process conducted by a panel of more than 12 subject matter experts and investors. This included multiple pitch sessions during which participants presented their go-to-market strategies. Evaluations focused on their readiness to expand in Qatar, their ability to generate revenue, and their capacity to secure funding for their next growth phases. Ultimately, only the top 3 percent of applicants were selected for the program.

By joining TASMU Accelerator, these start-ups will benefit from a comprehensive range of support services, including mentorship, access to industry experts, and collaboration opportunities with major corporations. The six-month acceleration phase will enable them to establish a foothold in Qatar's market, refine their operations, and secure investment. The top four performing start-ups will also receive a cash prize of QR 200,000 each.

Assistant Undersecretary for Digital Industry Affairs at MCIT, Reem Al Mansoori, emphasized the importance of TASMU Accelerator in advancing Qatar's digital transformation: " TASMU Accelerator is dedicated to building a vibrant digital ecosystem in Qatar by fast-tracking the growth of innovative local and global start-ups.

It contributes to enhancing Qatar's digital economy, attracting cutting-edge companies, and providing strategic support for market expansion. These efforts strengthen Qatar's position as a leader in technology and innovation, fostering rapid growth and enabling access to new markets."