Sun, 28 August 2022
“Tenmou”, Bahrain’s first Business Angels Company is calling for Bahraini SMEs wishing to benefit from the qualitative guidance and investment opportunities to register with the organisation.
Tenmou partners with the Center for International Private Enterprise (CIPE) in the United States to provide support to SMEs by helping them grow and increase their contribution to GDP to boost economic development in the Kingdom of Bahrain
According to Tenmou, Bahraini SMEs interested in enrolling in this program must have between one and one hundred employees, generate yearly sales of between one and three million Bahraini dinars, be in a phase of growth and expansion, and be prepared to follow the program's guidelines.
Tenmou says the program will provide each participant with a mentor to guide them over the three months, starting at the end of August, and lasting until next December. After the program, a chosen number of SMEs will participate in the event of presentations to investors, and the chosen participants will be guided by senior business leaders in Bahrain in their fields of expertise.
In a statement, Mr Nawaf AlKoheji, CEO of "Tenmou", said: "We are thrilled to welcome a new group of Bahraini SMEs to this program, which we provide in collaboration with the Center for International Private Enterprise (CIPE) in the United States, and to give them the resources and direction they need to expand, boost productivity, improve competition, and grow their capacity to serve domestic and global markets with their products and services."
Mr AlKoheji explained that "Tenmou" recently concluded the training of 25 Bahraini companies that participated in the first batch of this program, which was launched last February, adding: "We are now working to benefit from our previous experiences in upgrading this program, expanding the network of trainers and mentors, building on the successes achieved, and ensuring greater benefit to participants."
Bahraini SMEs can apply to participate in this program by communicating with the relevant "Tenmou" team, following up on the registration and admission procedures, and the accepted companies will be distributed into ten groups according to their business activities, namely sports, retail, technology, food and beverages and manufacturing.
Tenmou launched this program last December through an agreement signed by its CEO Mr Nawaf AlKoheji with Mr. Abdulwahab Alkebsi, President of the Center for International Private Enterprise (CIPE), under the patronage and in the presence of the Minister of Labor and Social Development, HE Mr Jameel bin Mohammed Ali Humaidan, U.S. State Department representatives, and several workers in the field of SMEs’ support in Bahrain.