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Wednesday, January 22, 2020

Bahraini Startup to Compete in International Competition in Singapore

TENMOU COMPETITION WINNERS TO REPRESENT BAHRAIN IN SINGAPORE FINALS AGAINST INTERNATIONAL TEAMS

 Bahraini startup “Uski” to represent the Kingdom and compete internationally in Singapore finals

Tenmou, Bahrain’s first ‘Business Angels’, announces the local winners of the “Get in the Ring” competition. Bahraini start-up team “Uski” will go on to compete in the international finals in Singapore against teams from around the world.

A total of six Bahrain-based entrepreneurs and start-ups were assessed by an esteemed panel of judges consisting of representatives from Tenmou, Bahrain Bourse, ALBA and Bahrain Economic Development Board in a series of judging rounds until the final winners, Mr. Ali Alsayed and Mr. Ali Ashoor from “Uski”, were announced to represent Bahrain at the international competition. Taking place at the Bahrain Financial Harbour Mall in Bahrain Bourse, the first-time competition was held in strategic partnership with Bahrain Bourse and in sponsorship with ALBA and Bahrain EDB.

Commenting on the winners’ announcement, Hasan Haider, CEO of Tenmou said: “We are excited to have held this dynamic event which brought together some of Bahrain’s most talented entrepreneurs showcasing their creativity. We are proud to have qualified one of Bahrain’s start-ups to represent the country, as well as Bahrain’s innovation, to the international start-up community in the Get in the Ring global finals in Singapore. This competition will not only highlight Bahrain’s talent internationally but will also offer our representative team the chance to develop their business and contribute to Bahrain’s growing start-up ecosystem alongside global entrepreneurs.”

‘Get in the Ring’ global events are organized by independent organizations around the world and offers start-ups the opportunities to make valuable networking connections to grow their business ventures through business pitch challenges.

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 – 30,000 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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