New project to support young entrepreneurs
Manama, June 4, 2013
Entrelab, a project aimed at supporting young entrepreneurs and youngsters with business ideas in Bahrain, was launched at the Seef Mall yesterday.
The project, which will run until the end of July, provides the youngsters with a series of booths in the mall where their products will be on display.
Initially 12 potential business people were taking part but by the end of the event, a total of 21 hopefuls will have had a chance to showcase their business ideas, reported the Gulf Daily News, our sister publication.
The event was opened by Industry and Commerce minister Dr Hassan Fakhro and US Ambassador Thomas Krajeski.
It has been organised by Tenmou, the Bahrain business angels company, which helps young people develop entrepreneurial ideas into businesses, and the US Embassy, which is funding the event.
Dr Fakhro stressed the importance of such events and its role in identifying entrepreneurs and projects, which are mostly small but innovative in business sector.
These projects are expected to emerge and grow steadily especially in light of strong support received from the government and the ministry, which adopts many programme in this sector, he added.
Dr Fakhro and Mr Krajeski toured the stalls and listened to a brief summary of each start-up business.
The minister commended the excellent products of entrepreneurs and admired the innovative products.
He praised the role played by US Embassy in supporting the entrepreneurs.
"We support business all over the world and we are particularly keen on supporting young entrepreneurs in partnership with the government here in Bahrain," said Krajeski.
"I have been very impressed with the ventures these young people are offering.
"We are supporting Entrelab because we believe that it is important that young people with ideas get support and a boost like this event.
"Who knows there could be a future Bill Gates taking part in this event," he added.
"About four to five of the young entrepreneurs taking part are already active in the Tenmou programme but we screened other youngsters with business ideas and invited them to participate," said Tenmou chief executive Hasan Haider.
"Before launching Entrelab, we sent them on a mentorship programme and gave them some marketing training to help them promote their ideas," he added.-TradeArabia News Service