Home Business 14 promising UAE businesses selected to pitch on Beban for investment opportunities

14 promising UAE businesses selected to pitch on Beban for investment opportunities

by Dubai Forum
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MANAMA, 10th August, 2022 (WAM) — Beban, Bahrain’s first entrepreneurship-themed reality show produced by Hope Ventures, the investment arm of Hope Fund, has selected 14 promising businesses from the United Arab Emirates to advance to pitch their business for equity investment opportunities on season 2 of Beban TV show.

According to Bahrain News Agency (BNA), the selection follows the announcement of the show’s expansion to the UAE through Hope Ventures’ partnership with the UAE’s Ministry of Economy and The Entrepreneurial Nation to accelerate the growth of entrepreneurs and SMEs across the region.

In preparation for the show, the shortlisted entrepreneurs will receive training through a customised bootcamp delivered by international venture capital startup accelerator “Brinc MENA”.

Through their participation in the bootcamp, UAE-based entrepreneurs will further develop their businesses before getting to pitch for equity investment and strategic business development opportunities on Beban 2.

“The businesses we have shortlisted from the UAE are of a promising caliber, and the bootcamp will support them in their preparations to be part of the show,” General Manager of Hope Ventures Fajer Al Pachachi said.

“Our expansion to the UAE is aligned with our efforts to empower businesses to scale in regional and international markets and strategically accelerate their growth.

“We are excited to have begun witnessing cross-border knowledge and expertise sharing among UAE and Bahrain entrepreneurs.”

Managing Partner, and Chief Development Officer at Brinc MENA Yasin Aboudoud, said they have been impressed by the progress of the Bahraini participating companies during the bootcamp.

“We are excited to expand that work with more promising companies in the UAE, as well as to continue supporting Beban and Hope Ventures’ mission to create more investment possibilities for these young companies and founders,” he said.

Hope Ventures expressed gratitude to H.H. Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs, for his guidance and unwavering support that led to the creation and development of Beban, which contributes to the shaping of a robust, regional investment ecosystem.

Hope Ventures is the investment arm of Hope Fund, a fund established by the directives of His Majesty King Hamad bin Isa Al Khalifa and in accordance with the directives of Shaikh Nasser, with the vision to support youth projects and initiatives.

Hope Ventures invests in promising Bahraini businesses and strategically accelerates their growth internationally.

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