Qatar Science & Technology Park (QSTP) is the national agency charged with executing applied research and delivering commercialized technologies in four areas: Energy, Environment, Health Sciences, and Information and Communication Technologies.
In addition to QSTP’s centers, members include small companies, international corporations and research institutes that have together committed to fund ventures, create intellectual property, enhance technology management skills, and develop innovative products in line with the scientific and research components of Qatar National Vision 2030.
QSTP aims to grow Qatar’s “post-carbon economy” by encouraging companies and institutes from around the world to develop and commercialize their technology in Qatar, and by helping entrepreneurs launch technology businesses.
Qatar’s vision is for a vibrant culture of innovation and entrepreneurship – a major transformation in an economy that has traditionally been driven by trade and state-owned enterprise. Demonstrating this commitment, His Highness Sheikh Hamad Bin Khalifa Al Thani, Amir of Qatar, announced in 2006 that the government would spend 2.8 percent of its GDP on research, more than the US (0.83 percent in 2004) and the European Union (0.63 percent) [OECD, 2006].
QSTP is the only science park in the Middle East co-located with top international universities. It is also the only science park in the region to complement its buildings with comprehensive support programs. These include an investment fund for start-ups, mentoring and entrepreneurship training. Recent features of note include a business incubator building that opened in 2008. QSTP operates as a free zone, allowing foreign companies to set up 100 percent-owned businesses in Qatar free of tax and duties.
QSTP comprises 45,000 square meters of multi-user buildings, fitted with offices, laboratories and business facilities, on 120 hectares of designated land. It supports economic and human development in Qatar and has achieved recognition as an international hub for applied research, innovation and entrepreneurship.