Qatar Science &Technology Park (QSTP), part of Qatar Foundation Research, Development and Innovation (QF RDI), has awarded its Product Development Fund (PDF) to a local startup, Tech Hub, to support their project ‘Diet Hub’, at a ceremony in QSTP on Sunday. PDF assists and encourages small and medium enterprises (SMEs) and startups to develop innovative products or services, in their areas of expertise that are relevant to the needs of the local market.
The funding agreement was signed by Yosouf Abdulrahman Saleh, Executive Director, QSTP, and Ali Abdulla al Yafei, Founder and CEO, Tech Hub.
PDF’s lastest project beneficiary, Diet Hub, is an online platform that connects people keen on living a healthy lifestyle, and losing or gaining weight, with nutrition experts and health coaches.
“Providing support to our entrepreneurs is essential to encourage their innovative efforts aimed at addressing local and global market needs. We are delighted to be empowering Tech Hub to develop their product, promoting healthy lifestyles, for commercial impact in the vital healthcare sector,” said Dr. Richard O’Kennedy, Vice President for Research, Development and Innovation at QF.
Commenting on the award of the grant to Tech Hub, Saleh said: “The QSTP Product Development Fund program is nurturing a new generation of entrepreneurs and innovators, who are contributing to advancing our ultimate goal of promoting new high-tech products and services, and supporting the commercialization of market-ready technologies. “Since its inception, the program has consistently attracted local SMEs that are driven to address challenges specific to Qatar’s unique market needs. We are very proud of the achievements and results so far, particularly since a number of our graduates have gone on to expand their businesses, both in Qatar and further a field. We look forward to helping PDF’s newest innovator, Tech Hub, reach the same success.”
Ali Abdulla al Yafei, Founder and CEO of Tech Hub, said: “We are very excited to begin this working relationship with QSTP and to receive the support of their professional team of mentors. For our team, the QSTP PDF will be invaluable to accelerating the intensive development of our product to be ready for the market. We see the initiativeas a prime example of how QSTPis encouraginga generation of tech entrepreneursin Qatar.”