News Column

Tenmou's Mena angel investor summit set

May 21, 2014

MANAMA: Tenmou, Bahrain's first business angels organisation, is gearing up to host its first Mena Angel Investors Summit in the kingdom next month. Being held in strategic partnership with the Economic Development Board (EDB), the event is lined up for June 1 at the Ritz Carlton Bahrain Hotel and Spa.

Transportation Minister and EDB acting chief executive Kamal Ahmed will inaugurate the summit.

More than 25 angel investors and 50 entrepreneurs from the Middle East, North Africa, Europe and the Silicon Valley, US, are expected to participate in the event.

Tenmou chairman Sami Jalal said he expects the event to bolster the kingdom's thriving entrepreneurship ecosystem and position Bahrain as the entrepreneurial hub of the region.

"Our strategic objective is to support and encourage development of the right platform for sharing knowledge and experience between both angel investors and venture capitalists," Mr Ahmed said.

Tenmou chief executive Hassan Haider said the organisation was launched in 2011, with an aim to support entrepreneurs through financial investment, mentorship, advice and guidance.

Established with a start-up capital of BD1 million ($2.7m), Tenmou invests an average of BD20,000 for a stake of, on average, 20pc in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Gulf Daily News (Bahrain)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters