The Firm has been created in order to provide a unique platform for corporates and investors to enhance business development and encourage and support corporate entrepreneurship, known as “intrapreneurship”, within and between organisations and the innovators working within these companies.
While headquartered in the Kingdom of Bahrain, The Firm will serve a regional and international member base, which it expects to consist of leading corporates, investment institutions, private investors and intrapreneurs for whom it will provide access to private networking platforms to help them form new businesses and achieve business growth in different sectors and industries.
The Firm will focus on high growth sectors where there is room for significant development and cooperation between regional and global corporates and investors.
These include Hydrocarbons, Aviation, Clean Energy, Education, Financial Services, Healthcare, Information and Communication Technologies (ICT), Tourism, Logistics and Supply Chain Management, Media, Mining, Transportation, Power and Water, etc.
“We are delighted to announce the launch of The Firm, which we see as the first dedicated private club specifically designed to establish a marketplace for business development among corporates and to support the growth of intrapreneur based business development,” said Abduallah AlSubyani, Founder and CEO of The Firm. “The concept of intrapreneurship is an important one in corporate growth and development and it is our aim to support such innovators. In essence, intrapreneurs are those individuals within large corporations or SMEs who have a deep knowledge of business gaps in the market and opportunities but who lack the business skills, acumen and network to effectively transform new ideas into viable commercial ventures for their companies or themselves. It is precisely this problem that we aim to address. The club will be firmly focused on supporting corporates in growing their business with a particular emphasis on helping talented individuals within these organisations transform innovative business ideas into new business realities that drive growth.”
“I am delighted to welcome The Firm to the growing community of organisations across the GCC regions that are working to foster private sector growth through support for entrepreneurial individuals and businesses. Entrepreneurs drive economic growth and create opportunities that will ultimately benefit all segments of society. The Firm aims to play an important role in providing the necessary platforms that encourage the development of business and will allow ideas to join with capital and know how,” Abdul Rahim Naqi, Secretary General of the Federation of GCC Chambers (FGCCC), said.
For large corporates and SMEs, The Firm provides an ideal platform and networks to support efforts to expand businesses, build market share and access new markets and opportunities leveraging The Firm’s member base. For international firms in particular, that are looking to enter new markets, the club’s global membership and network can significantly enhance chances to both win and successfully execute businesses through access to local partners, talent and local knowledge and know how.
The Firm is founded by a number of leading corporate intrapreneurs and entrepreneurs from the region and globally whose collective experience and networks forms the base and will support the development of a strong membership across key industries and a leading marketplace for business development and intrapreneurship. These include Abdullah AlSubyani, Mansour AlKowaileet and Bill Glynn. The club’s development is further supported by an international Advisory Board that it has assembled and will soon announce comprised of a group of individuals with significant experience in corporate venturing and investment, entrepreneurship, projects development, venture capital and private equity, business development consultancy and idea management, who have been involved in launching thousands of businesses many of which have billions of dollars in sales.
“In addition to providing growth platforms to companies and intrapreneurs, we are confident that The Firm will also make a significant contribution towards supporting the development of our regional economies. Ultimately, when establishing The Firm, one of our key priorities was to find new ways to channel intrapreneurial energy into the economies of the GCC and MENA region,” AlSubyani said.
Membership to The Firm is by invitation only and the club will soon announce its first series of specialized business development forums and events across different sectors and industries to support growth and for those wishing to establish new joint ventures, partnerships, access to contracts and sale agreements, and funding agreements.