Tamkeen launches the Young Entrepreneur Program (Mashroo3i 2.0)

The Labor Fund (Tamkeen) has announced the opening of applications for its Young Entrepreneur program (Mashroo3i 2.0). The program was previously known as Mashroo3i and was launched by Tamkeen in 2012, after which it lasted for six editions.

The updated version of this program aims to empower Bahrainis between the ages of 16 and 30 who possess an entrepreneurial spirit and a passion for innovation. It also gives them the opportunity to bring their concepts to life and launch new business ventures, furthering the economic growth led by Bahraini youth.

During the program, participants will acquire the skills and knowledge necessary to pursue entrepreneurship as a career path, which contributes to the creation of sustainable businesses in the local economy. These include skills in ideation, proof of concept, planning and prototype development, financial planning and forecasting, development of go-to-market strategies and pitch development, among other skills. keys.

Commenting on the initiative, Ms. Maha Mofeez, Acting Managing Director of Labor Fund (Tamkeen), said, “We strongly believe in the importance of entrepreneurship in the economy. At the same time, we are convinced that the energy and spirit of Bahraini youth can catalyze entrepreneurship in the Kingdom, paving the way for innovation which, in turn, creates employment opportunities, promotes competitiveness, improves productivity and challenges the local market. She added, “This program will help equip young Bahrainis with the fundamental skills and knowledge needed to build and launch a successful business and provide them with the opportunity to benefit from financial support from Tamkeen to start their entrepreneurial journey. New businesses drive economic diversity and growth, helping to achieve Tamkeen’s mandates and the goals of the National Economic Recovery Plan.

The Young Entrepreneur Program (Mashroo3i 2.0) was designed to help young people with a business idea develop their personal and entrepreneurial skills and encourage them to innovate and commercialize their concepts. It will create a pipeline of quality startups ready to benefit from accelerators and raise funds from venture capitalists. The program will offer advisory support through a group of expert mentors who will help them validate their ideas and reduce the risks involved in entering the job market, thus accelerating their growth and expansion.

Young innovators with a business idea can apply for the program online from September 11, 2022 via the Young Entrepreneur (Mashroo3i 2.0) page on the Tamkeen website (www.tamkeen.bh).

The program accepts applications from teams and individuals with a viable business concept or who have startups that are in the idea and early stage. The program will run for six weeks, with the first phase including a comprehensive bootcamp aimed at helping participants refine and validate their business ideas. The second phase will be an intensive startup advisory program dedicated to equipping startups with the skills and connections to accelerate their launch and grow their minimum viable product. At the end of the program, up to ten teams will have the opportunity to present their developed business concepts to potential investors during a demo day.

After which, the best participants will receive Tamkeen grants to start new businesses while a number of participants will have access to Tamkeen support through other relevant programs.

The Young Entrepreneur Program (Mashroo3i 2.0) is one of 16 programs launched earlier this year by Tamkeen as part of its global transformation initiative which aims to increase economic impact in the Kingdom of Bahrain. Tamkeen has always been committed to fostering entrepreneurship in the Kingdom of Bahrain and supporting startups in an ecosystem that allows them to thrive and grow, and since its inception Tamkeen has helped over 19,000 entrepreneurs launch their models commercial. It is among Tamkeen’s key objectives to empower the private sector to become the engine of economic growth and to make Bahraini talent the employee of choice.

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