The vision of Qatar National Research Fund (QNRF) is to play a catalytic role in transforming Qatar into a knowledge-based economy by enabling research and development excellence in Qatar. QNRF invests in original competitively selected research and development at all levels and across all disciplines with emphasis on the four pillars of the Qatar National Research Strategy:
- Energy and Environment
- Computer Sciences and ICT
- Health and life Sciences
- Social Sciences, Arts and Humanities in all fields of sciences.
Building on QNRF’s successful investment in developing the research and innovation culture in Qatar, it is now launching the Qatar Innovation Promotion Award (QIPA) as a pilot program, along with its partners, for supporting innovative ideas with high potential impact/benefits for the economy and society of Qatar.
Successful ideas will be expected to adhere to the following QNRF-adopted definition for innovation: “The process of applying new knowledge/ideas, or existing knowledge/ideas in a new context, which creates either new wealth or social welfare through development of successful and competitive products, services and processes.”
QIPA investments will aim to foster the process of diversification of Qatar’s economy as part of the journey towards a knowledge-based economy as planned under QNV 2030. QIPA will complement other initiatives in Qatar which are helping to resource innovative ventures by providing pre-incubation support to ideas to help reach the stage where they can demonstrate potential benefits, leading to their adoption by business incubators or early stage investors. The program will invest up to a maximum of USD 100,000 in original, competitively-selected ideas from individuals in all relevant sectors of Qatar’s economy and society to enable an early demonstration of the potential impact of their innovations in the form of a demo/prototype within a period of up to 12 months. It would do so by financially supporting the development of prototypes and experiments to prove the feasibility of implementation.
QNRF, with its impressive record of creating successful initiatives for competitively selecting and funding R&D projects in large numbers, will launch QIPA to fund innovations at scale in Qatar to build a pipeline for potential investment by business incubators such as QSTP and other investors.