.Need some capital to kick start your unique business idea? BDB’s pre-seed capital program can probably be your answer
The Pre-seed Capital Support Program scheme is a joint initiative between Bahrain Development Bank and Tamkeen that empowers innovative business and startups ideas by providing a secure investment for starting up. The program provides future entrepreneurs with the necessary capital to finance their business’s requirements and innovations as well as the powerful advisory and networking support. BDB and Tamkeen’s joint programs further encourage entrepreneurs to innovate and start their own businesses.
The program targets innovative projects and provides the necessary development capital towards the implementation and initiation phases of new product, service, or business ideas both financially and non-financially. Financial support of up to BD 5,000 (subject to approval) will be contributed as a grant towards the development of your idea into a prototype. The scheme has helped many local entrepreneurs turn their ideas into successful businesses since its launch in 2009. Startup Bahrain’s digital publication and Tails are some of the few that benefited from the program.
Who can apply:
Bahraini entrepreneurs or joint proposals with the majority of ownership being Bahraini.
Within the age group of 18 to 45 years.
Innovative entrepreneurs willing to further pursue their unique business ventures.
Entrepreneurs with business ideas that are going to be established within the Kingdom of Bahrain.
What you need:
Copy of your passport
Copy of your Smart Card
Study of invention (if applicable)
Business Commercial Registration (if existing)
Implementation plan (full detail of phases, break-up of all costs of prototype development)
Ownership documents (if applicable)
Preliminary protection (if applicable)
Copy of patent (if applicable)
Other documents (if applicable)
How to apply:
For the application form and further details on how to apply kindly contact:
Bahrain Development Bank:
Phone- 17511134 – 17358800 Fax: 17531451