On January 22nd, 2017, Tamkeen signed a Memorandum of Understanding (MoU) with Entrepreneurs Organization (EO) for the Accelerator Program, aiming to expand businesses in Bahrain by offering a systematic package of advisory services which suits the requirements of Bahraini entrepreneurs to reach a turnover of one million USD and above by the end of the program period which will last for 3 years.
During the program, there will be a comprehensive assessment of each participating company, which includes the study of strategy, workforce, capital and the business operational plan. The Accelerator Program will provide the participants the required business expertise and recourses through advice based on the nature of the businesses and their needs.
This newly developed program has been tested and applied in a number of countries, which resulted in great success for businesses that needed non-financial support to expand. This included training and mentoring programs.
Since its launch in 2007, 2,804 businesses joined the Accelerator Program. Today, the program has 857 companies across 43 locations around the world with a 15% success rate.