In 2013 Enterprise Qatar, MITEF, Silatech, and Carnegie Mellon University in Qatar, launched Al Fikra Qatar's Business Plan Competition, a joint initiative to develop entrepreneurs by providing workshops that helps convert the innovative ideas into value added business. Various partners and sponsors from the academic and business associations and community in Qatar were included as key stakeholders in the process. In 2016, the competition attracted 90 participant.

Now Alfikra 6th edition is more enhanced to serve the entrepreneurial ecosystem through different financial and non-financial services provided and supported by Qatar Development Bank.