QDB Launches Most Industry Inclusive Hackathon Event Yet

https://thefintechtimes.com/qdb-launches-most-industry-inclusive-hackathon-event-yet/
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Entrepreneurs and innovators from all sectors and domains are invited to share their creative ideas and cutting-edge solutions for Qatar Development Bank‘s (QDB) latest Hackathon. 

QDB is seeking solutions for today’s most relevant challenges across seven industry-specific themes, including sportstech, fintech, healthtech, fashiontech, digital transformation, manufacturing, and sustainable mobility with 5G. The event will be held from the 30th of September to the 2nd of October 2021 and the final date to submit applications will be September 26, 2021.

The hackathon will be held in collaboration with Workinton as the venue partner, Amazon Web Services as the technology partner, as well as Virginia Commonwealth University, Qatar Shell, and Alurays Middle East Lighting Technology, as the event’s knowledge partners.

Through a collaborative framework, the competition will be operated by QDB’s incubation and acceleration platforms, with each incubator and accelerator overseeing the challenges related to its domain. These include Qatar Business Incubation Centre, Qatar SportsTech, Qatar Fintech Hub, Scale 7, Factory One, and FabLab, in addition to Ooredoo’s Digital & Beyond incubator.

According to QDB, the hackathon – which will be delivered in a hybrid format that blends virtual and face-to-face engagements – will address many contemporary challenges that aim to unlock the capabilities and innovative ideas of Qatar’s aspiring entrepreneurs, its brightest thinkers, innovators, businessmen, and professionals, as well as anyone with the capacity to offer creative solutions to pressing challenges.

Each winning team in one of the seven themes of the hackathon will receive up to QAR 25,000 to further develop their idea, seats in one of QDB’s incubation programmes with the opportunity to establish their commercial venture, access of up to QAR 500,000 in investment and support services that include training and mentoring sessions with prominent local and international coaches, the opportunity to expand their network of collaborators and partners, and access to investors to validate their business idea.

Abdulaziz Nasser Al-Khalifa, CEO, QDBAbdulaziz Nasser Al-Khalifa, CEO, QDB
Abdulaziz Nasser Al-Khalifa, CEO, QDB

According to QDB’s CEO Abdulaziz Nasser Al-Khalifa, the challenge embraces an expanded scope of ‘not one or two’, but seven sectors and industries that play an instrumental role in the Qatari economy. He added: “The hackathon’s premise is based on stimulating innovative thinking in everyone without exception and investing it in introducing practical and marketable solutions to the business arena. This competitive celebration of talent supports the entrepreneurship ecosystem in the country by honoring the values ​​of innovation and creativity across seven different themes, and will enrich the business community with a wide range of innovative solutions that can benefit the national economy.”

Entrepreneurs can participate and present their innovative solutions in one of the hackathon’s seven themes, which include healthtech and the development of patient care experiences and engagements, sportstech and the development of fan-viewing experiences for traditional or virtual sports, and sustainable mobility solutions that leverage 5G technologies to reduce travel times and emissions and connect people more efficiently.

This is in addition to digital transformation and the development of institutional practices and consumer experiences, innovative fintech solutions, fashiontech innovations in the fashion and design domain, and finally, manufacturing-focused solutions that use digital technologies such as artificial intelligence and machine learning to develop smart manufacturing processes or reduce manufacturing’s negative environmental impact through more sustainable processes.

To this end, QDB encourages all interested entrepreneurs, creative thinkers, inventors, innovators, and professionals in Qatar to take part in the hackathon and take advantage of this opportunity to put forth their creative solutions and contribute to the Qatari economy.

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

https://thefintechtimes.com/qdb-launches-most-industry-inclusive-hackathon-event-yet/