Angel investors summit gains momentum
Manama : More than 40 MENA start-ups from Bahrain, Saudi Arabia, UAE, Kuwait, Morocco, Palestine, Egypt and Jordan are expected to pitch during the fifth Middle East North Africa (MENA) Angel Investors Summit 2016.
The event will be held at the Ritz Carlton Hotel, Bahrain on 22nd and 23rd November 2016.
Tenmou, Bahrain’s Business Angels Holding Company, in strategic partnership with the Economic Development Board (EDB), is set to host the
event. Commenting on the announcement, Hasan Haider, CEO of Tenmou said: “Through our partnership with the EDB, we will be able to further highlight Bahrain’s robust investment climate to key investors via the summit as well as showcase the dynamic start-up culture the kingdom has to offer.”
Khalid Al Rumaihi, Chief Executive at the EDB, said: “Bahrain’s SME development model is endorsed by UNIDO as the best in the world, and we are delighted to host this summit to exchange best practice, facilitate conversation, and showcase start-ups to investors here in Bahrain.”
Established with a start-up capital of BD1 million (US$2.7m), Tenmou invests an average of BD20,000 – BD30,000 for a stake of on average 20 per cent to 30pc 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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