Manama: Tenmou, Bahrain’s first business angels’ organization, lined up a series of events that will take place during the Global Entrepreneurship Week (GEW) to celebrate and foster entrepreneurship and small businesses throughout the Kingdom of Bahrain. The events will be organised by Tenmou, in strategic partnership with the Bahrain Economic Development Board (EDB), from November 17th to 23rd 2014.
During the week, signature events will feature mentorship sessions and workshops conducted by KPMG Fakhro, 4spots, UNIDO in partnership with Bahrain Women Society, Bahrain SME Society, Bahrain Chamber of Commerce and Industry (BCCI), and Suhail Algosaibi, which will help guide the budding entrepreneurs in a step-by-step process to start a business. Participants can enroll online at bh.gew.co
Given that Bahrain is an entrepreneurial hub, the Kingdom will take the lead in setting up the first exclusive Entrepreneurial Advisory Board with Shaikh Mohammed bin Essa Al-Khalifa, Chairman and Acting Chief Executive of Tamkeen, as Chairman.
“Small business growth is truly the backbone of our local and regional economy. Tenmou is honoured to take the leadership role in conducting this year’s slate of events celebrating Global Entrepreneurship Week. Research trends repeatedly indicate that if entrepreneurs are provided with the proper resources, they will create companies that sustain our economy in the future. The GEW provides that right platform to provide our small business community with an exciting and innovative experience that offers practical guidelines in setting up and running a business in a systematic manner,” Sami Jalal, Chairman of Tenmou, said.
“Bahrain has long been at the centre of entrepreneurship, and the EDB aims to develop this further by working with our partners in the Kingdom such as Tamkeen and the Bahrain Development Bank,” Vivian Jamal, Executive Director Business Development, at EDB, said.
Global Entrepreneurship Week is a worldwide movement of entrepreneurial people, stimulating the economy by unleashing their enterprising talents and turning their ideas into reality. It aims to inspire the next generation of future potential entrepreneurs and business leaders by engaging, connecting, mentoring, building and developing their confidence and ambitions through a series of activities hosted by partner organisations.
Launched in 2011, Tenmou aims to support entrepreneurs with valuable business assistance, including financial investment, mentorship, advice and guidance. Tenmou recognizes that for many entrepreneurs, mentorship programmes can be as valuable as financial investments. Each project receives practical advice and training from the company’s board members, who bring with them a wealth of business experience. These training sessions expose the entrepreneurs to real business situations and are conducted in the form of regular workshops.
Established with a start-up capital of BD1 million (US$2.7 million),Tenmou invests an average of BD20,000 (US$53,000) for a stake of on average 20% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.