uTRACK TV GETS GLOBAL BACKING

Tenmou, Bahrain’s first ‘Business Angels’ organisation announced that uTrack TV, one of its partner Bahrain-based companies, received worldwide recognition when they were selected to receive international funding by 500 Startups, one of the world’s leading venture capitalists in San Francisco.

The company had initially pitched their concept to an international audience at last year’s MENA Angel Investors Summit, which included live streaming the event itself on smartphones and tablets via a new mobile TV application.

This selection makes uTrack TV the first start-up company in the GCC to enter a high-profile Accelerator Programme conducted by 500 Startups in the Silicon Valley. Over the next few months, the company will join other high-profile portfolio companies who will be filmed on the SyFy TV channel documentary series in the USA.

Chairman of Tenmou, Sami Jalal said, “This recognition is not only a success for Tenmou and uTrack TV but also for Bahrain.”

Chief Executive of the EDB, Khalid Al Rumaihi said: “The success of uTrack emphasises the potential for entrepreneurs in Bahrain as well as the importance of the support network that helps them to thrive.”

“A recent survey by Ernst & Young found that 70 per cent of young Bahrainis were interested in starting their own business and these businesses have a very important role to play in the Kingdom’s economic growth in the future.”

The MENA Angel Investors Summit is organised in strategic partnership with the Economic Development Board (EDB).