Tamkeen and Falak Consulting introduce ScaleUp! to empower Bahraini startups

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Tamkeen has announced its partnership with Falak Consulting to launch ScaleUp!, an innovative new programme aimed at empowering emerging Bahraini enterprises with strategic business development skills.

The programme is being launched in partnership with Strategy Sims which aims to enhance the capabilities of startups in Bahrain and help them grow, attract investors, and develop strategies through a training simulation to develop a startup experience.

The Programme will last for three days, through which participants in ScaleUp! will engage in an immersive simulation experience which mirrors the journey of developing a startup and will guide them through every stage of establishing a new business, from conception to developing exit strategies.

They will grapple with real-world challenges such as crafting business strategies, navigating competition, securing investment, managing liquidity crises, and exploring exit strategies.

The programme will cover vital topics including financing structures, business models, investor presentations, equity calculations, and long-term capital planning.

Tamkeen Chief Executive, Maha Abdulhameed Mofeez said, “This collaboration with Falak Consulting provides a valuable opportunity for startups and entrepreneurs to gain knowledge on the various stages of the business cycle, and exchange ideas and experiences with other entrepreneurs, which enhances their ability to succeed and achieve their goals.”

Open to Bahraini startups, registration begins on 4th -21st April 2024 through the link https://www.falakinnovation. com/the-scale-up-workshop.

Projects must present a viable idea or service for the local or regional market and be based in Bahrain with an active commercial registration.

Angel investors, accelerator programs, venture capitalists, and ecosystem developers are also invited to register.

“The ScaleUp! programme offers a cutting-edge training model within an interactive environment, fostering skill enhancement and innovation in a dynamic setting,” added Falak Consulting Founder and CEO Suhail Ghazi Algosaibi on the occasion.