Bahrain to host first global start-ups competition
, Posted on 10-Apr-2017

Bahrain to host first global start-ups competition

Manama : Bahrain will host the global start-ups competition "Get in the Ring" for the first time with strategic partnership between Tenmou and Bahrain Bourse. 

The ‘Get in the Ring’ competition, is a yearly event wherein start-ups compete with business pitches on a local level and proceed onto the international level, going up against teams from all over the world through one-on-one challenges. 

As part of the competition, Bahraini start-ups and entrepreneurs will be given the opportunity to participate in a business pitch challenge on April 22 in Bahrain Bourse. The event is held in strategic partnership with Bahrain Bourse. Additional partners include Alba and Bahrain Economic Development Board (EDB). 

Winners of the competition will qualify to compete in the ‘Get in the Ring Foundation’ global finals scheduled to take place in May 2017 in Singapore. 

Hasan Haider, CEO of Tenmou said: "We are thrilled to introduce innovative and dynamic global competitions such as ‘Get in the Ring’ as optimum opportunity for Bahraini start-ups. At Tenmou, our aim is to nurture and showcase local talent to the international entrepreneurial community and contribute to Bahrain’s growing start-up ecosystem. The event offers a fun and inviting competition structure unlike any Bahrain has seen before and we are proud to be the host." 

CEO of Bahrain Bourse Shaikh Khalifa bin Ibrahim Al Khalifa said Bahrain Bourse (BHB) was pleased to host this competition and is supportive of the efforts that will open up doors to Bahraini entrepreneurs to develop the work environment and enhance its competitiveness. Shaikh Khalifa also wished the participants success in this competition.

‘Get in the Ring’ global events are organised by independent organisations around the world and offer start-ups the opportunities to make valuable networking connections to grow their business ventures.

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 workshops, on a regular basis. 

Established with an initial capital of BD1 million ($2.7 million), Tenmou invests an average of BD20,000 – 30,000 for a stake of on average 20% - 30% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.