There is Hope for Instagram entrepreneurs in Bahrain

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Hope Venture, the investment arm of Hope Fund, launched plans for yet another initiative to help entrepreneurs in the Kingdom, this time for those having social-media-based businesses. Hope had in July launched a tender for a show modelled on the widely popular American business reality television series “Shark Tank”.

The show, to be aired on national television and other media channels, would provide 12 business owners with the opportunity to pitch their business concepts to a panel of investors and judges, who decide whether to invest in their company or not.

According to the current tender document, the new venture, a three-week Instagram-based founders’ boot camp, targets early-stage founders on social media platforms. “These early-stage founders face many barriers and challenges that prevent them from building a successful business model and which limits the growth of their business,” says Hope.

“More importantly, many of these founders lack general knowledge on the know-how of managing and growing their concepts and taking their concepts to the next stage beyond initial validation.” The new project, Hope says, aims at providing these entrepreneurs with the knowledge and ability to evaluate their businesses, refine their concepts, establish a road map for expansion and commercialise their businesses.

The event targets social media businesses across sectors that have taken the initial steps of establishing their business or concepts and have a minimum viable product.

The boot camp, upon completion, will also provide entrepreneurs with the opportunity to pitch their idea to Hope or other potential investors for investment. Hope said it is seeking an experienced and reputable service provider to plan and execute the project. Those interested should make bids before the 1st of September 2021, with a BD500 bond and BD15 fee.