The nature educational contest is open to students and their schools, and will run till 30th Aprilwith exciting prizes to be won across a number of categories. The app aims to support the objectives of Qatar National Vision to promote sustainable development by contributing towards an environmentally aware population.
That group runs an annual competition to encourage young people to develop their startup ideas into something more financially viable.
But to date, only one out of 18 winners of the Al Fikra Competition, which most recently held an awards ceremony last month, has officially registered her business in Qatar.
The young Qatari entrepreneur said she hoped she would get the chance to present her healthy fresh food idea to the Minister of Business and Trade and potential investors, but all she got was the chance to take a photo with the minister on her phone. And the prize money she got was too little to make a real dent in the high costs of starting up, Al-Dorani said.
To register a company here, an entrepreneur must first have QR, in a bank account. For expatratiates, they also have to have a Qatari sponsor who owns 51 percent of the company, and all businesses must have signed a one-year lease on office space that has met Civil Defense approval, easily a commitment of more than QR, The Al Fikra competition needs to offer prize winners more help in registering businesses, not just cash, Al-Dorani said.
She also works two other jobs and may have to sell her apartment to raise additional cash, she said. EQ is starting to offer more support to businesses in the start-up phase. Other obstacles Fundraising is not the only stumbling block entrepreneurs face. Additionally, expats have their own unique challenges finding investors willing to take risks, he said.
This means that there is little monetary incentive for Qataris to invest in businesses, Kamarck said. There are some institutions here that try to help with this problem, including the Bedaya Centerwhich aims to connect young entrepreneurs to partners in its network.
But though most of the paperwork takes place on the ground floor of the Ministry of Business and Trade building, it took Bedaya Center some 10 months to get its own approval. One big change in the draft law is the removal of the QRinitial fund requirement to start limited liability companies.
New companies still need to prove sufficient funding is available, according to article of the draft. The new law also aims to simplify the process of obtaining business licenses.
No date and location of the new registration center have yet been announced. Finally, the draft law also seeks to clarify some clauses in the current law, which has been around since Over the years, businessmen and lawyers alike have found the language difficult to interpret, Hamdi said.
The new version is supposed to standardize jargon and be less vague. Have you thought about starting a business in Qatar? Top photo by Penny Yi Wang ; second photo courtesy of Bedaya Center on Facebook entrepreneurs featured governance law Please read our Comments Policy before joining the discussion.
By commenting, you agree to abide by it. Some comments may not be automatically published. This is not action taken by us, but instead, depending on whether or not you have verified your email address, or if your post triggers automatic flags.Marios is an extremely nice person to work with.
His ability to mentor and coach entrepreneurs is admirable and as a result he is highly regarded by his students. In my time working closely with him as part of the Al Fikra, Business Plan competition, I found him to be knowledgeable, cooperative and insightful.
See more See lessarteensevilla.com The Competition; WorkShops; in order to understand its elements in designing and structuring the business idea to convert it to a proper feasible business plan.
Workshop. Date. Time. Financial Planning. This workshop aims to introduce participants to Financial Statements, Sales Forecasting, Al-Fikra Financials Template, Financial. Qatar-based consortium launches Al Fikra -National Business Plan Competition February 23, The National Business Plan Competition is an outgrowth of a program launched by Carnegie Mellon University in Qatar in cooperation with the Qatari Businessmen Association three years ago as an academic-business collaboration to enhance.
Minister Al Sada inaugurates new Sasol Office in Qatar. 03 September Sasol extended its support to the entrepreneurship community by partnering with Al Fikra Qatar national business plan competition and through an MOU with the Bedaya Center to help mentor budding entrepreneurs in arteensevilla.com://arteensevilla.com Business Development Specialist at Qatar Airways Location Qatar Industry Airlines/Aviation Current Qatar Airways, Asta Trading Previous Qatar Airways Education arteensevilla.com Vis Zeeshan Hanifs profil på LinkedIn, verdens største faglige nettverk.
Zeeshan har 8 jobber oppført på profilen. Se hele profilen på LinkedIn og finn Zeeshans forbindelser og jobber i tilsvarende arteensevilla.com://arteensevilla.com