Tenmou, Bahrain’s first ‘Business Angels’ organisation, is gearing up to host Mena Angel Investors Summit 2015 in May to bolster the investment ecosystem and endorse Bahrain as the entreneurial hub for the Mena region.

The event will be held in strategic partnership with the Economic Development Board (EDB), said a statement.

The summit will aim at providing a platform to empower new and existing angel investors across the Middle East and North Africa (Mena) and around the globe to connect with high-potential innovative entrepreneurs, to share experiences and develop their investment portfolios.  

Last year more than 150 angel investors and 50 entrepreneurs from the Middle East, North Africa, Europe and the US Silicon Valley participated in the first Mena Summit.

Sami Jalal, chairman of Tenmou, said: “Building on the success of last year we are proud to host the Second Mena Angel Summit in strategic partnership with the Economic Development Board. Summits such as this provide an excellent platform for the high-potential innovative entrepreneurs to connect with angel investors from around the world.

“At Tenmou, we are committed to position Bahrain as the entrepreneurial hub for the MENA region. Last year, we witnessed four regional agreements being signed for more than BD2 million ( as a result of the Summit, and we look forward to seeing many more such deals being signed this year.”

Khalid Al Rumaihi, chief executive at the EDB, said: “Innovation and entrepreneurship are essential to our economy’s future growth and in attracting international businesses. Providing SMEs – and particularly innovative, high-growth SMEs – with the support they need to grow will be essential in ensuring our prosperity and in fully diversifying our economy.

“Events such as the Angel Investors Summit not only promote the opportunities and support available to aspiring entrepreneurs but also bring these talented individuals to the attention of potential investors.” - TradeArabia News Service