Wednesday, October 16, 2019

BAHRAINI ENTREPRENEUR EBRAHIM HAMEED RECEIVES HONORARY AWARD

Tenmou’s Portfolio Company Nature Path Wins First position for Best Creative Business in Bahrain and joins the GCC national winning team to participate in prestigious international event

Bahraini entrepreneur Ebrahim Hameed, owner of Nature Path, one of Tenmou’s portfolio companies, recently received an honorary award along with two other GCC national winners at the Creative Business Cup (CBC) 2015 which was held in Denmark, Copenhagen.

Creative Business Cup is a unique global network and marketplace that allows creative entrepreneurs to scale their business concepts, connect with investors and partners and boost their international business potential.

Ebrahim’s business concept, which provides a green and environmentally friendly production of compost by turning waste into an organic soil fertilizer, won the first place in the Creative Business Cup GCC Competition held in Bahrain during Global Entrepreneurship Week last month. He joined the national winners from Saudi Arabia, and United Arab Emirates to attend the competition in Denmark.

The high-profile three-day event was attended by winners from 45 countries and included several workshops and the opportunity to pitch to an international audience of business angel investors. In Denmark, the GCC national winners were received by the Saudi Ambassador H.E. Dr. Hamad Khudair, and the US Ambassador.

The awards ceremony was held in the Main Hall of The Royal School of Architecture in Copenhagen, Denmark.The closing ceremony was attended by the H.R.H. Crown Prince of Denmark, where the winners of the competition were announced and awarded their prizes.

Commenting on announcement Hasan Haider, CEO of Tenmou said, “We are proud of Ebrahim Hameed and this milestone achievement. Receiving recognition from a prestigious international organisation is a success for Tenmou and for Bahrain in particular. At Tenmou, we were confident he would succeed in his endeavour as he initially presented his brilliant idea with great passion and his commitment has transformed his idea to a sustainable business today.”

Launched in 2011, Tenmou aims to support entrepreneurs with valuable business assistance, including financial investment, mentorship, advice and guidance. Tenmou recognizes that for many entrepreneurs, mentorship programmes can be as valuable as financial investments. Each project receives practical advice and training from the company’s board members, who bring with them a wealth of business experience.  These training sessions expose the entrepreneurs to real business situations and are conducted in the form of workshops, on a regular basis.

Established with a start-up capital of BD1 million (US$2.7 million),Tenmou invests an average of BD20,000 – BD 30,000 (US$53,000) for a stake of on average 20% – 30%  in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

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