Startups from Bahrain, UAE, Saudi Arabia, Kuwait, Morocco, Palestine, Egypt and Jordan will network with and pitch to potential investors at the third Middle East North Africa (MENA) Angel Investors Summit holding on November 22nd and 23rd at the Ritz Carlton Hotel , Bahrain.
The Summit aims to provide a strategic platform to facilitate angel investors and high-potential, innovative entrepreneurs from around the MENA region and beyond and allow startups an exclusive opportunity to pitch their businesses, exchange deal-flow, learn best practices and raise awareness about angel investment in the MENA region.
The Summit is a partnership between Tenmou, Bahrain’s first ‘Business Angels’ organisation and the Economic Development Board (EDB).
“We, at Tenmou, are committed to build a robust support eco-system and position Bahrain as the entrepreneurial hub for the MENA region,” said Hasan Haider, CEO of Tenmou. ”Our strategic partnership with the Economic Development Board has helped us to further develop this cooperation between angel investors and venture capitalists over the years.”
Tenmou has witnessed several deals being signed and connected startups to leading industry leaders and angel investors from around the world. This year again, it aims to see more action from the entrepreneurs and the angel investors present.
Tenmou says last year, it hosted more than 300 angel investors and entrepreneurs from the Middle East, North Africa, Europe and Silicon Valley. Regional agreements worth more than US$4 million were signed as a result of the Summit last year.
Launched in 2011, Tenmou aims to support entrepreneurs with valuable business assistance, including financial investment, mentorship, advice and guidance. Tenmou is a BD1 million (US$2.7 million) fund and invests an average of BD20,000 – BD30,000 for a stake of on average 20% – 30% in each project plus a three-month mentorship period, including support services, at no cost to the entrepreneurs.