Bahrain's Labour Fund (Tamkeen) has announced the opening of applications for a new intake of its “Mashroo3i" program, designed for individuals with innovative ideas who aspire to enter the world of entrepreneurship.
The program aims to strengthen the kingdom’s entrepreneurial ecosystem and encourage Bahraini youth to transform their innovative ideas into successful ventures.
Through this program, Tamkeen offers Bahrainis with feasible business ideas, idea-stage startups, or early-stage startups the opportunity to join an intensive advisory program focused on developing key entrepreneurial skills, said Tamkeen in a statement.
The program provides participants with the tools needed to turn their business concepts into viable business models or successful ventures.
This edition of the program will feature two tracks: one offering training in Arabic and another in English, which aims to maximize the participation and impact to a wider audience.
Speaking on the occasion, Chief Growth Officer Khalid AlBayat, emphasized the importance of supporting entrepreneurship and continuing to launch initiatives that encourage the youth to take that leap.
"We are proud of the positive outcomes Mashroo3i has achieved over the past years and look forward to even greater success with this edition. This program plays a pivotal role in providing tailored guidance and mentorship to help transform a business idea into a reality, under the supervision of experienced experts in entrepreneurship who accompany participants throughout their journey," stated AlBayat.
"These ideas are transformed into entrepreneurial ventures that contribute to creating job opportunities for local talent and positively contributing to the Kingdom’s economic development," he added.
According to him, the finalists will have the opportunity to receive Tamkeen’s support to cover the products and services needed to launch their business ventures.
"The support will be disbursed in phases based on achieving certain business milestones. The areas covered include machinery and equipment, marketing and branding, technology, minimum viable product (MVP) design, and patent," he noted.
Mashroo3i program aligns with Tamkeen’s strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritising enterprise growth, digitisation, and sustainability.
It also aims to support the development of the ecosystem surrounding the Bahrain labour market and private sector, he added.-TradeArabia News Service
