DOHA: Qatar, Research, Development, and Innovation (QRDI) Council announced the launch of the Industry Innovation Challenge (IIC) in collaboration with Milaha, a pioneering initiative aimed at fostering open innovation on a broader scale on the sidelines of Web Summit Qatar 2024.
The IIC presents a unique opportunity for companies to contribute to breakthrough solutions aligned with a larger mission. This program provides grants to multiple companies proposing holistic, technology-based solutions for specific challenges.
The intended outcomes of the project include upskilling Large Local Enterprise (LLE) champions, formation of industry clusters, implementation of a minimum of five pilots, and development of talent.
Three sub-challenges within the Industry Innovation Challenge are the Design and construction of next-generation harbour craft; Energy Harvesting and charging system for electric harbour craft; and Integrated Central Information System (ICIS) for Maritime Operations. Companies interested in participating are encouraged to submit proposals addressing one or more of these sub-challenges.
Five outstanding companies will be selected for each IIC, with a substantial $5mn allocation for the program. The piloting partner can be either the IIC Champion or other partner entities. However, awarded companies must be based in Qatar to receive the full award beyond the initial $100,000.
Secretary General of the QRDI Council Eng. Omar Ali Al Ansari, said, "We are thrilled to unveil the IIC in partnership with Milaha, a testament to our commitment to driving innovation at a broader scale."
Milaha's Group Chief Executive Officer Fahad Bin Saad Al Qahtani said: "Milaha's innovation journey has been greatly accelerated with our partnership with QRDI Council. With their generous and active support, we've piloted successful blockchain and AI projects and this initiative represents another unique innovation opportunity at a much larger scale for the country."
