Under the patronage of the Minister of Industry, Commerce and Tourism His Excellency Mr. Zayed bin Rashid Al Zayani, the opening ceremony of incubator and co-working space ‘The Collective Hub‘ took off on the 23rd of February, and was organized by Tenmou in partnership with 500 Startups MENA.
What’s really unique about The Collective Hub is that it’s a space that gathers both startups, and investors, under the same roof! In case you missed the ceremony, check out our live coverage in our Instagram highlights here.
The ceremony was held in the presence of His Excellency, the Minister of Trade and Industry Eng. Abdullah Ali Hassan in the Federal Republic of Somalia, and his accompanying delegation. In addition to the presence of several members of Tenmou’s Board of Directors, and several members of the Bahrain Chamber of Commerce and Industry, Edamah Company, as well as entities-related to the entrepreneurial sector and emerging, small and medium enterprises.
During the opening ceremony, the Minister cited the significant role of Bahrain’s government and its continuous efforts to develop entrepreneurship and its growth. Today, due to government initiatives, entrepreneurship has become an essential element of the development and economic process witnessed by the Kingdom of Bahrain.
The Ministry of Industry, Commerce and Tourism is playing a pivotal role in facilitating the business environment in support of entrepreneurs and emerging, small and medium enterprises as well as institutions. All of which is in the pursuit of the lofty goals of the Economic Vision 2030, also acknowledging the substantial role of business incubators and accelerators in supporting entrepreneurs and achieving their goals and ensuring their access to local and global markets too.
On his part, partner and investor of 500 Startups MENA, Mr. Hasan Haider, commended the efforts to create this space for startups, and his aspirations to have a significant impact on the prosperity of the technology sector in Bahrain.
Mr. Nawaf Al-Kooheji, CEO of Tenmou, assured that they’re working to find new opportunities to support local startups with better growth opportunities, and link them to various investment chances. Al-Kooheji shared his aspirations for this platform, and that it would create a community and network that would enhance and facilitate partnerships, as well as provide more investment opportunities in the technology sector.
The ceremony was followed by the Minister’s touring of The Collective Hub, during which he was briefed on the work environment, joint workspaces, and other facilities.
It’s noteworthy that The Collective Hub operates in Bahrain with the support of Tenmou, which is the first company in the Kingdom of Bahrain to work with the concept of “Business Angels.”
Tenmou aims to support entrepreneurs, as it provides them with valuable assistance in business, including financial investment, supervision, advice, and guidance, and to incubate small enterprises, and provide a number of programs that seek to develop an entrepreneurial environment and investment opportunities by encouraging direct interaction between companies and emerging institutions and investors in an open and cooperative environment.
Follow The Collective Hub’s Instagram account here, and stay up to date with all of their exciting announcements!