‘Cloud 10’ on Cloud nine

Manama : The C5 Cloud 10 technology accelerator programme or Scalerator has recorded yet another milestone in its progress, as seven young entrepreneurs from the technology sector pitched in front of a panel of investors in London for potential investments in their businesses.

This pitch day represents the culmination of the first Cloud 10 Scalerator programme that has taken bright, young, tech savvy entrepreneurs and provided them with a highly structured 3-month programme providing practical tools to rapidly scale their businesses and access to investors.  

The first batch started the programme in September and ends with a pitch day in London and a subsequent pitch day in Bahrain which will be taking place in December.  Another batch is set to start in January 2017.

During the meetings, the entrepreneurs presented their business plans, requirements for investment, and had a valuable opportunity to network with some of the world’s most experienced professional technology investors.

The panel of international investors included: Atkins Global, HSBC Private Bank, Standard Chartered Bank, C5 Family Offices, C5 Cloud Partners and AWS Venture Capital Programme. 

Based in London, Cape Town, Luxembourg, and Bahrain the Cloud 10 Scalerator programme has been developed by C5 in partnership with Tamkeen and Bahrain’s Economic Development Board, and is powered by Amazon Web Services.

“Going forward, we have the utmost confidence that our investment in such a successful program is a solid step that will pave the way of making Bahrain a regional hub for accelerators”

Qusay Al Arayedh, Executive Director of Tamkeen

“I believe there is every chance that you will see some of these companies becoming regional household names in the coming years. The Cloud 10 platform is the first of its kind in the region and the only one that provides a tailored programme, consisting of one-to-one international mentors and access to this level of investors"                                     

Hadyah Fathalla, Executive Director of C5

“This pitch day is an exciting milestone for the Cloud 10 programme’s seven technology start-ups. These companies will come together from across the Middle East and Africa to share their accomplishments over the last several months, and we are so pleased to help take their innovative ideas from a vision to reality with the AWS Cloud”

Teresa Carlson, Vice President, Worldwide Public Sector of Amazon Web Services