MANAMA: Kuwait Finance House Group (KFH) has established a partnership with Brilliant Lab, an accelerator for emerging technology projects that has been developing technology projects in Kuwait since 2013.
KFH has invested in the company through its investment arm, KFH Capital.
In the presence of KFH Bahrain chief executive Abdulhakeem Al Khayyat and chief private equity and direct investment officer at KFH Capital Mohammad Al Hajeri, a delegation from KFH Bahrain, visited Brilliant Lab.
Mr Al Khayyat said Brilliant Lab offers outstanding services and utilises outstanding global expertise, which adds a competitive advantage.
The accelerator has established its headquarters in Bahrain due to its strategic location in the region.
Brilliant Lab founder Neda Al Dihany said the lab provides training and rehabilitation programmes needed by any entrepreneur in the technology enterprise sector.
The training provided includes expertise from Stanford and IE Business Schools.
“We have been working on this project for seven years, and there are more than 70 technology projects from Kuwait. The excellent partnership with KFH helped develop the accelerator,” said Mr Al Dihany.
The accelerator also includes a co-working space built on an area of 800 sqm, providing licensing services, offices and joint work spaces for projects that aspire to expand in the Gulf market.
KFH Capital has also invested in Coded and Skiplino.
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