QRDI Council Launches Innovation Grant to Boost Small Businesses

Doha, Qatar – The Qatar Council for Research, Development and Innovation made a significant announcement at the Qatar Web Summit 2025, unveiling a new grant program aimed at supporting small and medium-sized enterprises (SMEs). This initiative aligns with Qatar’s broader strategy to diversify its economy by fostering research and development (R&D) in emerging industries.

A Strategic Push for Innovation

The newly introduced grant program is designed to support early-stage projects, providing SMEs with essential resources to drive innovation. By forming partnerships with smaller enterprises, the Qatar Council seeks to stimulate technological advancements and encourage the development of groundbreaking solutions across various sectors. With the country’s startup culture rapidly expanding, this program serves as a catalyst for growth, offering crucial financial and strategic support to young companies.

Mitigating Risks for SMEs

A core objective of the grant is to reduce the financial risks associated with technology development, particularly for smaller businesses venturing into highly competitive markets. Innovation, while promising significant rewards, comes with substantial risks. This initiative aims to alleviate these challenges, empowering SMEs to bring their ideas to market without the burden of overwhelming financial constraints. By easing these risks, the Qatar Council hopes to create a dynamic business environment where small companies can thrive.

Target Sectors for Development

The grant places a strong emphasis on key industries where innovation has the potential to drive economic transformation. Priority sectors include healthcare, logistics, smart cities, and the creative economy. These areas have been identified for their capacity to enhance services, improve economic outcomes, and contribute to Qatar’s long-term development goals. By focusing on these high-impact industries, the program aligns with Qatar’s national strategy to reduce dependency on oil and gas revenues.

Commitment to Economic Diversification

Qatar’s leadership has long emphasized the importance of economic diversification, and this new initiative underscores that commitment. By intensifying efforts in R&D, the Council envisions a sustainable economic future where small enterprises play a crucial role in driving progress. The program is not just about funding; it also provides SMEs with the necessary support to navigate complex market landscapes, helping them transition from development to commercialization effectively.