Reported about 9 hours ago
The Qatar Investment Authority (QIA) is assessing eight venture capital firms to expand its $1 billion 'Fund of Funds' program, which has already invested nearly $500 million in six firms. The aim is to enhance venture capital funding in Qatar and promote entrepreneurship. If all eight additional firms are selected, the program will be nearing full investment. QIA, which has received applications from around 120 firms, encourages selected firms to establish offices in Doha to boost the local startup ecosystem.
Source: YAHOO