Tamkeen launches open innovation programme

TDT | Manama

Email: mail@newsofbahrain.com

As part of its commitment to champion innovation in the local market and to encourage startups, small, and medium-sized enterprises to innovate, research, and develop, The Labour Fund “Tamkeen” announced the signing of a partnership agreement with “Brinc” to launch the Open Innovation Program. This programme will enable large enterprises to address the challenges they face by leveraging innovative solutions provided by startups and SMEs.

The Programme is in its first edition and will focus on leading Bahraini enterprises in the manufacturing, financial services, and telecommunications sectors. The programme will assess the main challenges facing these enterprises and identify the most pressing challenge to address, then match them with startups or SMEs to develop solutions that address these challenges.

“This programme complements Tamkeen's ongoing efforts to enhance the business ecosystem in the Kingdom of Bahrain as part of our strategic priorities for this year,” said The Labour Fund (Tamkeen) Chief Executive Ms. Maha Mofeez.

On this occasion, Yasin Aboudaoud, Chief Development Officer & MP at Brinc.io stated: “Being selected as Tamkeen’s partner in the Open Innovation Programme is a testament to our commitment to being catalysts for innovation in Bahrain and the region.

This collaboration will provide a valuable opportunity for startups and SMEs that have at least one year of experience in developing technological solutions and new, more efficient, and sustainable services. This, in turn, will enhance the performance of large enterprises while providing these enterprises with the opportunity to expand their customer base and secure business agreements with major enterprises. Tamkeen will support the development of initial solutions during this phase.

Startups and SMEs can express their interest in participating in this challenge by registering via https://openinnovation.bh/