So the businessinnovationinsider.com is being amazed that Arabs are embracing innovation. Well I think QSTP is a great step and the way the authorities are tieing it up with academia and funding sources it might just be the next silicon valley of techie startups from the region.
I got a statement from QSTP management: "There is a strong spirit of entrepreneurship in the Gulf region, which has traditionally been focused in areas such as construction andtrading. What Qatar Science & Technology Park is trying to do is broaden that out to include technology entrepreneurship - taking new technologies from the lab and building them into profitable businesses.We are building a business incubator now which will open mid 2007, and this will be supported by programs such as seed funding,entrepreneurship training and mentoring. This is an exciting time forthe Gulf's entrepreneurs and we look forward to building relationships as we near our opening."
Looks promising, already they have tied up with Carnegie Mellon,Weill Cornell, Georgetown and Texas A&M, which is no doubt a good step forward
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