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Press Launch.
The Labour Fund (Tamkeen) introduced the opening of purposes for its Young Entrepreneur (Mashroo3i 2.0) program. This system was beforehand often called Mashroo3i and was launched by Tamkeen in 2012 following which it ran for six editions.
The up to date model of this program goals to empower Bahrainis who’re between the ages of 16 and 30 and who possess an entrepreneurial spirit and fervour for innovation. It additionally grants them the chance to deliver their ideas to life and launch new enterprise ventures, enhancing financial development led by Bahraini Youth.
Over the course of this system, members will achieve the abilities and information required to pursue entrepreneurship as a profession path, which contributes to constructing sustainable companies within the native financial system. These embrace expertise round ideation, idea validation, prototype planning and growth, monetary planning and forecasting, growing go-to market methods, and pitch growth, amongst different key expertise.
Commenting on this initiative Ms. Maha Mofeez, Performing Chief Govt of the Labour Fund (Tamkeen) stated: “We strongly imagine within the significance of entrepreneurship within the financial system. On the identical time, we’ve religion that the vitality and spirit of Bahraini youth can catalyze entrepreneurship within the Kingdom, paving avenues for innovation which in flip creates job alternatives, fosters competitiveness, enhances productiveness, and challenges the native market.”
She added: “This program will assist equip Bahraini youth with the elemental expertise and information required to arrange and launch a profitable enterprise and supply them with alternatives to profit from Tamkeen’s monetary help to kickstart their entrepreneurial journey. New companies drive financial variety and development, thus contributing to the conclusion of Tamkeen’s mandates and the objectives of the nationwide financial restoration plan.”
The Younger Entrepreneur (Mashroo3i 2.0) program was designed to help youth with a enterprise thought to develop their private and entrepreneurial competencies and encourage them to innovate and commercialize their ideas. It can create a pipeline of high quality startups prepared to profit from accelerators and lift funds from enterprise capital traders. This system will supply advisory help by way of a deep bench of professional mentors that can assist them validate their concepts and de-risk their entry to the labor market subsequently accelerating their development and growth.
Progressive youth with a enterprise thought can apply to this system on-line from the eleventh September 2022 by way of Younger Entrepreneur (Mashroo3i 2.0) web page on Tamkeen’s web site.
This system accepts purposes from each groups and people with a viable enterprise idea or who’ve startups which are within the thought stage and early-stage. This system will run for six weeks, with the primary part comprising of a complete bootcamp centered on serving to members refine and validate their enterprise concepts. The second part can be an intensive Startup Advisory Program devoted to equipping startups with the abilities and connections to speed up their launch and develop their minimal viable product. On the finish of this system, as much as ten groups may have the chance to pitch their developed enterprise ideas to potential traders throughout a demo day occasion.
Following which, the highest members will obtain Tamkeen grants to launch new companies whereas numerous members will achieve entry to Tamkeen’s help by way of different related packages.
The Younger Entrepreneur (Mashroo3i 2.0) Program is amongst 16 packages launched earlier this 12 months by Tamkeen as a part of its complete transformation initiative that goals to drive better financial affect within the Kingdom of Bahrain.
Tamkeen has at all times been dedicated to fostering entrepreneurship within the Kingdom of Bahrain and supporting startups in an ecosystem that permits them to thrive and develop, and since its inception, Tamkeen has supported over 19K entrepreneurs to launch their enterprise fashions. This comes as a part of Tamkeen’s key goals of empowering the non-public sector to change into the engine of financial development and making Bahraini expertise the worker of selection.
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