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2018 ‘to be exciting year for start-ups’

Bahrain Business
Fri, 15 Dec 2017
By Avinash Saxena

MANAMA: Next year will be “an exciting year for start-ups”, according to a top official.

There are plans for a fintech (financial technology) week in February, a start-up week in the first week of March and another event similar to September’s Amazon Web Services Summit likely to be held in October.

The announcement was made yesterday by Economic Development Board (EDB) managing director Dr Simon Galpin during Seedstars Middle East and North Africa (Mena), a networking event that brought together hundreds of investors, entrepreneurs and mentors at CH9, in Amwaj Islands.

“We are looking to have a start-up week in Bahrain in the first week of March, we are going to have a fintech week which will take place sometime in February and then we are going to have another tech week in October next year, which is a repeat of the event which saw the announcement of the launch of the Amazon Web Services Data Centre,” he said in his speech.

Yesterday’s event was organised by Seedstars, a Swiss-based international investment company, in partnership with CH9 with the support of the EDB, Start-up Bahrain, Tamkeen and the US Embassy.

Nine start-ups that have won competitions organised by Seedstars throughout the Mena region showcased their products at yesterday’s event with the aim of attracting investors.

They included a Bahraini start-up that has developed a location-based app that gives people information about nearby attractions.

Mentors also shared their knowledge with entrepreneurs who attended and speakers included chief executives, entrepreneurs, managers and other senior representatives from public and private sector institutions.

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