On 26 February, 2024, His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani, the Prime Minister and Minister of Foreign Affairs of the State of Qatar announced the launch of QIA's first venture capital Fund of Funds, a strategic investment program designed as a catalyst to further strengthen the venture capital landscape in Qatar.

The Fund of Funds aims to attract leading venture capital funds and entrepreneurs to Qatar, developing a strong start-up and venture capital ecosystem to spur investment, growth, and innovation across Qatar and help close the current funding gap for local and regional entrepreneurs.

The program will invest more than USD 1 billion in international and regional venture capital funds and will place a priority focus on the tech and healthcare sectors.

The Fund of Funds program has a dual investment mandate to achieve good financial performance and deliver a positive development impact on the Qatari venture capital ecosystem.

Fund managers can now apply to receive funding from the Funds of Funds program. This page provides information on the application requirements, eligibility criteria, application process, and how to apply.

The objective is to create a vibrant venture capital and start-up ecosystem by providing financial resources and support services (e.g. helping to navigate the local landscape, facilitating business introductions) to bring global best practices and capabilities to Qatar.

By nurturing a robust venture capital ecosystem, the fund will help boost economic diversification, target sector growth, support local talent development, and promote sustainability across the State of Qatar. The program aims to:

• Provide USD 1 billion of funding to venture capital fund managers.
• Invest indirectly through existing venture capital funds and make targeted direct co-investments.
• Partner with fund managers with demonstrable track records of positive returns and commitment to Qatar.