*** Alba joins Tamkeen’s Open Innovation Program to Obtain Innovative Solutions from Bahraini Startups and SMEs | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Alba joins Tamkeen’s Open Innovation Program to Obtain Innovative Solutions from Bahraini Startups and SMEs

TDT | Manama

Email: mail@newsofbahrain.com

Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminum smelter on one site, has joined the Open Innovation Program, backed by Bahrain’s Labour Fund (Tamkeen) and managed by Brinc MENA.

This Program connects leading enterprises with innovative Bahraini startups and SMEs to develop cutting-edge solutions that address the enterprises’ challenges and requirements, and enhance operational efficiency, drive sustainability, and foster economic growth. Alba is the first company in Bahrain to participate in this initiative.

The agreement was co-signed between Tamkeen’s Chief Executive, HE Maha Abdulhameed Mofeez, Alba’s Chief Executive Officer Ali Al Baqali, and Brinc’s Managing Director Husain Haji at Tamkeen’s headquarters. Under this agreement, Alba will collaborate with selected startups and SMEs, co-funding innovative solutions to support the successful implementation of proof-of-concepts (POCs). The Program aims to drive innovation within Alba and contribute to the growth and development of Bahrain’s vibrant startup ecosystem.

This collaboration also aligns with Tamkeen's strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability. 

Her Excellency, Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), commented: “This collaboration reflects our commitment to empowering the startup ecosystem in the Kingdom and our vision to support Bahrain’s industrial sector by promoting innovation and building sustainable solutions that contribute to economic growth. This program will provide qualified Startups and SMEs with unique opportunities to work with well-established large companies through a comprehensive framework enabling them to provide innovative solutions by closely collaborating with these companies” 

 

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On signing the tripartite agreement, Alba’s CEO Ali Al Baqali commented:

“As a key pillar of Bahrain's economy and aligned with Bahrain Economic Vision 2030, Alba is committed to fostering a thriving ecosystem for Bahraini talent. This Open Innovation Program demonstrates our dedication to supporting local entrepreneurship and driving economic growth within the Kingdom. By collaborating with innovative Bahraini startups and SMEs, we not only enhance our operational excellence, sustainability, and safety but also empower the next generation of Bahraini leaders to contribute to the economic advancement of our Kingdom.” 

Brinc’s Managing Director, Hussain Haji, commented: “Alba’s participation in the Open Innovation Program is a testament to their strategic vision and dedication to fostering effective partnerships between major corporations and startups. Together, we aim to develop cutting-edge solutions that enhance Alba’s operations, provide startups with a platform for growth, and address real-world industrial challenges.

A joint committee comprising representatives from Tamkeen, Brinc, and Alba will oversee the selection of startups and SMEs tasked with developing and implementing innovative solutions to manage diverse data sources and enhance asset reliability across Alba’s operations. Key areas of focus include reducing downtime and associated costs by applying advanced technologies such as predictive maintenance using AI and real-time monitoring with IoT sensors.

Bahrain-based Startups and SMEs with innovative technological solutions for the industrial sector are invited to apply to the program by visiting the program website (https://openinnovation.bh) and completing the application form. Selected startups and SMEs will join a six-month Open Innovation Program, receiving tailored support and mentorship to develop and implement their solutions effectively.

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