As part of its efforts to foster and develop entrepreneurship, Tamkeen has launched a pioneering initiative which will enable Bahrain’s budding businessmen and women to showcase their creative ideas in a nationwide contest.
Bahrainis from the age of 16 to 23 will be eligible to enter the Mashroo3i youth business awards competition, which will start tomorrow.
The project has already received strong support from some of the kingdom’s most prominent members of the business and education communities and civil society bodies. They will also play an important role in the success of the competition by serving as mentors, judges and knowledge resource providers to the participating student teams.
Tamkeen’s chief executive Mahmood Hashem Al-Kooheji said “When examining successful, sustainable modern economies, we often find that entrepreneurship forms the backbone of economic development, fueling job creation and innovation.
“As such, we have identified it as one of the key areas of focus within our strategy. The ‘Mashroo3i’ Youth Business Competition will be one of the main vehicles by which we accomplish this goal.”
Tamkeen has allocated nearly BD3.4 million for 12 projects – including the Mashroo3i Awards – aimed at promoting entrepreneurship amongst Bahrainis. Nearly 3,000 people have benefited from these programmes to date, which are run in collaboration with leading organisations such as the Supreme Council for Women, Bahrain Development Bank, Bahrain Business Incubation Centre and inJAz Bahrain.
These programmes range from the Start-up Support Scheme, which provides comprehensive solutions to turn entrepreneurial ideas into actual business ventures, to workshops and networking events, as well as special programmes to encourage entrepreneurship amongst Bahraini women and school students.