First PreMoney MENA investor meet to be held tomorrow

The Bahrain Economic Development Board (EDB) has partnered with 500 Startups, a leading global venture capital seed fund and startup accelerator headquartered in Silicon Valley, and Microsoft, on the first-ever PreMoney MENA investor event which is to be held at the Bahrain Four Seasons Hotel tomorrow.

The one-day event is on the most disruptive strategies, models and technologies for the future of venture capital. It will feature some of the world’s most forward-thinking investors and will provide attendees with insight and tactics for building successful, scalable venture portfolios. Khalid Al Rumaihi, Chief Executive of EDB, will also outline how the EDB assists first-time investors. Five hundred Startups is one of the most prolific forces in today’s global technology ecosystem with a portfolio of more than 1,400 businesses and a community of over 2,500 entrepreneurs around the world. PreMoney MENA will also be attended by 500 Startups’ ‘Geeks on a Plane’ (GOAP), a tour around the Middle East for selected startup founders, investors and executives to find out about the region’s growing technology market and investment opportunities.

Rumaihi said, “The GCC offers globally unique opportunities for investment in the technology sector. In the GCC, we have a young,  growing, technologically adept and affluent population demanding new applications and services. To meet this demand, Bahrain is building a strong ICT ecosystem. This event will provide a boost to businesses across the region by working to improve access to capital and experience for our ambitious entrepreneurs.”