Fifth FII to discuss ways to invest in clean water, education, public health, gender equality and fighting poverty    KSA targets balanced oil prices supporting energy investment: Al-Jadaan    Al-Mouallimi: UNSC statement a severe blow to Houthis    Trend Micro blocked 48 million threats in KSA, reveals its Midyear round up report for H1 2021    Saudi Initiatives draw road map to protect environment locally and internationally    Saudi National Team is among top 50 teams in world in FIFA ranking    Intigral partners with 'Etisalat' in Egypt offering epic streaming service to new audiences    India says coal will remain mainstay of energy production    India achieves milestone, administers more than one billion COVID jabs    Makkah court revokes fines slapped on Umrah companies for visa violations    Justice Ministry eases Covid restrictions, allows lawyers entry to all courts    King, Crown Prince congratulate Dame Cindy, New Zealand's new governor-general    Rush for profits posing threat to human rights, UN experts warn    250,000 witnessed Pitbull exceptional concert in Riyadh Season 2021 opening    Bollywood superstar's son denied bail in drugs case    Olympic flame arrives in China for Beijing 2022 Winter Games    General admission tickets on sale now for F1 STC Saudi Arabian Grand Prix 2021    Al-Hilal reaches AFC final again    Jeddah Old Town to be home for Red Sea International Film Festival    REDTAG launches Winter Collection endorsed by Myriam Fares, inspired by a world reawakening to endless discovery    Acclaimed Spanish female crime writer revealed to be three men    Saudis, expats mourn death of prominent Filipino preacher in Riyadh    Bollywood actor Sidharth Shukla dies at 40    Custodian of the Two Holy Mosques Directs KSrelief to Urgently Provide Malaysia with Medical, Preventive Equipment and Supplies to Address COVID-19 Pandemic    Weather Forecast for Sunday    Custodian of the Two Holy Mosques Congratulates President of Maldives on Independence Day    RSNF Commander Patronizes Ceremonial Launching of His Majesty's Ship "Jazan"    OIC Condemns Houthi Attempts to Target Civilians in Saudi Arabia    Philippines evacuates thousands as monsoon rains flood cities, provinces    Heavy rain in India triggers floods, landslides; at least 125 dead    U.S. Records 64,321 New Infections of Coronavirus    Without Fans, Tokyo Olympics Kicked Off    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Dr. Mohammed Sulaiman Al-Jasser, Saudi Arabia's Pick to Chair IsDB Group for the next five years, unanimously approved by BoG Committee of Procedures    Saudi Press: Fitch affirms Saudi Credit Rating at "A" with a revised outlook to stable from negative    Handled Cargo at Saudi Ports Increases during June 2021    SDAIA, DARP & STC Launch Pilgrim's Smart Bracelet (NUSK)    Tabuk sculptor spends 8 years in carving entire Holy Qur'an on 30 marble slabs    2 Goals by Diaz Gives Colombia 3rd Place at Copa America    Saudi Cinema Night at Arab World Institute in Paris Kicks Off    KSU Leads Joint International Scientific Project for Early Detection of Breast Cancer    Saudi Arabia to Participate in Cannes Film Festival 2021    Arab Cup U-17 Championship Draw Saudi Arabia, Morocco, Palestine, Kuwait, in the 1st Group    AWI Hosts Saudi Cinema Nights in Paris    Brazil Beats Chile at Copa America Despite 2nd-Half Red Card    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bahrain sets program for 100 Arab startups
Published in The Saudi Gazette on 10 - 04 - 2019

out of a new program of support for the 100 Arab start-ups shaping the Fourth Industrial Revolution, at the World Economic Forum on the Middle East and North Africa.
The special program will include:
• Access to the Bahraini market for all companies that have been recognized under the 100 Arab Start-Ups banner – going back to those selected in 2017
• Fast-tracking of applications to establish a presence in Bahrain
• The creation of a special 100 Arab Start-Ups concierge service to help start-ups navigate and benefit from the local Bahrain ecosystem
• Opportunity to pitch and access funding from Bahrain's Sovereign Wealth Fund, as well as the VC partners of Al Waha Fund of Funds and family offices in the kingdom
The structured program will allow start-ups to rapidly scale up their businesses and access a broader spectrum of support in Bahrain.
"The 100 Arab start-ups shaping the Fourth Industrial Revolution is a great initiative and we need to collectively ensure it not just an annual celebration but a constant source of support to our most promising companies – so they can go on to become world-beaters," said Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board. "These companies will define our futures and we want to open up the opportunities Bahrain offers with a special set of incentives that offers the most comprehensive support possible. With this program, in partnership with the World Economic Forum, we really are offering the very best to the very best."
With a 31% increase in investments compared to 2017, a new record was reached for regional start-up funding last year, according to data from MagniTT, a company twice selected by the 100 Arab Start-Ups initiative. Foreign investment remained stable in 2018 with 30% from outside the Arab world, while fintech took over e-commerce as the top industry as a result of an 8% increase in deals since 2017.
A selection committee of experts on the start-up ecosystem in the region worked with the World Economic Forum and the EDB to screen and select the 100 start-ups. — SG


Clic here to read the story from its source.