Qatar announced Tuesday its inaugural group of successful applicants for its investment program, which will provide a total of 43.8 million Qatari riyal (around US$12 million) in funding and resources to selected startups.

The initiative attracted nearly 2,000 applications from countries around the world.

Eleven startups were chosen based on their innovative ideas in sectors like e-gaming, healthtech, and fintech.

This program is part of efforts to advance innovation and entrepreneurship within the country.

Seed and growth funding opportunities of up to US$5 million are available to the selected startups.