Manama, Bahrain: The Labor Fund (Tamkeen) has announced the conclusion of the 8th edition of the Young Entrepreneurs Program (Mashroo3i 2.0) following a demo day held for the program's finalists. In the latest edition he completed his three basic stages of the program, with 11 finalists selected.
Mashroo3i 2.0 supports innovative Bahraini youth in pursuing their entrepreneurial ideas and helps transform them into promising businesses that contribute to the country's economic growth and job creation. We also aim to connect participants with experienced professionals to form future productive collaborations.
In the first phase, 60 teams were selected in various pre-training sessions. The focus was to help them realize their business ideas and allow them to pitch in front of a panel of experts. Twenty participants reached the second stage and received extensive consulting to accelerate project launch and prototype development. During the final four-week phase, finalists underwent intensive training in preparation for a demo day in front of a group of potential investors and ecosystem stakeholders. The training includes approximately 12 one-on-one discussions with experts to develop a project launch action plan, followed by finalists meeting with entrepreneurs who have previously pitched to investors. Four general training sessions were held.
Khalid Albayat, Tamkeen's Chief Growth Officer, highlighted the initiative's role in developing the skills of Bahraini youth, and the effort to empower Bahraini youth by providing support to entrepreneurs and start-ups. promised to continue. He said: “We are excited to witness the vibrant creative energy of Bahraini youth and their dedication to creating a positive impact through innovative ideas. Their contributions will strengthen the national economy. It will enrich and encourage other young people to engage in entrepreneurship as a career.”
He added: “Our support starts from the moment a Bahraini decides to embark on an entrepreneurial journey, creating employment opportunities for themselves and other high-potential local talent. We remain committed to working with other local stakeholders to support all Saudi entrepreneurs.” As we work together to foster economic growth, we can build an ecosystem of entrepreneurship. ”
Entrepreneur Mohammed Al Qassab, co-founder of Beyoot, emphasized the importance of programs such as Mashroo3i 2.0, especially in supporting early-stage startups from idea generation to business plan development. He said: “The intensive training we received allowed us to refine our ideas, evaluate their effectiveness and accelerate the growth of our business. Through consultation with our mentors, we were able to prepare clear steps for the future. Additionally, we had the opportunity to meet with potential investors and stakeholders during the Demo Day, which enriched our entrepreneurial journey. ”
The event showcased 11 entrepreneurial ideas, each featuring innovative solutions targeting sectors such as technology, industrial and creative industries. These ideas can help create a diverse and rich landscape that spans local, regional, and even global economies.
The program is in line with Tamkeen's 2024 strategic priorities that focus on economic impact and private sector development, increasing economic participation through new job opportunities for new entrants, and increasing Bahraini's workforce. It focuses on three pillars: expanding the career development opportunities available to the public and further developing the private sector. We support businesses and drive productivity and technology adoption.
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