Economic Development Board – Manama: A high-level Bahrain business delegation, led by the Startup Bahrain initiative, Bahrain Economic Development Board (EDB), Tamkeen (Labour Fund), Ministry of Industry Commerce and Tourism, as well as startup accelerators Brinc and C5 and the Nest has attended the leading business and entrepreneurship event in Asia RISE Hong Kong Summit from 9th to 12th July.
As part of Bahrain’s participation at the Summit, the delegation showcased the Kingdom’s experience in providing a fertile, supportive environment that empowers start-ups and stimulates their growth. In addition, a special pavilion was devoted to shed light on Bahrain’s ecosystem. Over 350 speakers from the world’s largest companies, including Microsoft and Amazon, as well as start-ups from around the world, showcased their expertise at the conference, which is expected to bring together 15,000 entrepreneurs from over 100 countries.
John Kilmartin, Executive Director of ICT, Bahrain Economic Development Board said: “Conferences such as RISE Hong Kong are great platforms to promote Bahrain’s startup ecosystem and the milestones achieved in attracting and supporting startups in the kingdom StartupBahrain in cooperation with Tamkeen, continues to play a pivotal role in highlighting Bahrain’s startups success stories by sponsoring five Bahraini Startup founders to attend the conference with the objective of growing their businesses. While in Hong Kong the delegation will take part in two other events, the first is organized by startup accelerator Brinc and the second one is by Metta’s members’ club which is organized by Nest, a Hong Kong based corporate accelerator.”
For his part, Tamkeen’s Chief Operations Officer Mr. Qusay Al Arayedh stressed the importance of the Bahraini startups in this Summit as part of the participating Bahraini delegation.
“Attending such global event widens opportunities to learn from the best practices as well as showcase the Bahraini model of startup ecosystem and exchange expertise,” he pointed out.
“To ensure maximum exposure during this event, Tamkeen supported the participation of five startups, selected by a committee of specialists in the field of Information Technology and Communication,” Mr. Al Arayedh explained.
StartupBahrain is a community initiative made up of startups, corporates, investors, incubators, educational institutions and the Bahrain government to promote startup culture in Bahrain. Efforts are being made on 6 pillars (community, incubators & accelerators, funding, talent, corporate and policy & regulation) to make Bahrain a great place to startup and scale companies regionally and globally. Representatives from Startup Bahrain took part in a number of global startups events in 2017 including Web Summit Lisbon, Step Dubai, Rise Up Cairo, Arabnet Ryiadh, in an effort to boost the entrepreneurship sector in the kingdom.
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About Bahrain Economic Development Board
The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.
The EDB works with the government and both current and prospective investors, in order to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
The EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, ICT, tourism, logistics and transport.