TASMU Accelerator portfolio value tops QR4bn

Qatar’s Ministry of Communications and Information Technology (MCIT) hosted the TASMU Accelerator Third Cohort Demo Day, marking the graduation of 10 startups from the programme’s latest cohort.

Portfolio milestone and ecosystem impact

MCIT reported that, since the accelerator launched under the Smart Qatar TASMU Program, the combined portfolio value of supported startups has exceeded QR4bn. MCIT also stated the programme has supported 75 startups selected from more than 2,200 applications from founders across 78 countries, with participating startups collectively generating sales exceeding QR670m and establishing 40 company registrations in Qatar. 

Third cohort performance highlights

For the third cohort specifically, MCIT reported 40% sales growth since joining the programme and local sales opportunities exceeding QR330m within Qatar. The cohort attracted over 1,100 applications from 78 countries, with 47 startups selected into pre-acceleration and 26 advancing into the acceleration phase. 

Awards and key ecosystem players

Cohort Champions Ooredoo Qatar, Qatar National Bank (QNB), and Deloitte provided cash awards of QR200,000 each to three top-performing startups: Nexx Group, Blueroom Innovation, and Juleb. Strategic Partners listed for the cohort included Commercial Bank of Qatar (CBQ), Qatar Financial Centre (QFC), and Qatar Development Bank (QDB), supporting startups with services such as company registration support, banking and financing services, and investment access. 

How the programme works

MCIT described the third cohort as a six-month acceleration journey combining investment facilitation, sales support, capacity-building workshops, and access to specialised talent, tools, and sector expertise, aimed at aligning solutions to Qatari market needs and strengthening go-to-market readiness.

The QR4bn portfolio figure and the third cohort’s reported sales growth and pipeline value position TASMU Accelerator as a key channel for translating Qatar’s digital-economy ambitions into measurable startup outcomes, while also tightening collaboration between government, corporate champions, and enabling institutions that help startups land pilots, customers, and market-entry support.