Tamkeen is partnering with Falak Consulting to launch ScaleUp!, a new program aimed at empowering emerging Bahraini enterprises with strategic business development skills.
Launched in partnership with Strategy Sims, the Program will last for three days. Strategy Sims aims to enhance the capabilities of startups in Bahrain, help them scale, attract investors, and develop strategies.
During the three days, participants will engage in a simulation experience which mirrors the journey of developing a startup. Further, it will guide them through every stage of establishing a new business, from conception to developing exit strategies.
The Program will see participants explore how to:
- Craft business strategies,
- Navigate competition,
- Secure investment,
- Manage liquidity crises, and
- Explore exit strategies.
Also covered in the Program is financing structures, business models, investor presentations, equity calculations, and long-term capital planning.
“The ScaleUp! program offers a cutting-edge training model within an interactive environment, fostering skill enhancement and innovation in a dynamic setting,” commented Falak Consulting Founder and CEO Mr Suhail Ghazi Algosaibi on the occasion.
Adding: “We are delighted to partner with Tamkeen in delivering this program, which will cultivate a pool of talented individuals capable of launching successful ventures and driving entrepreneurship in the Kingdom.”
Meanwhile, Her Excellency Maha Abdulhameed Mofeez, Tamkeen Chief Executive said: “At Tamkeen, we are committed to nurturing the Kingdom’s entrepreneurial ecosystem and supporting emerging projects.
“Whether through financial backing or innovative training solutions, our aim is to equip entrepreneurs with the skills they need to succeed, thereby fostering private sector growth and driving economic development.
“This collaboration with Falak Consulting provides a valuable opportunity for startups and entrepreneurs to gain knowledge on the various stages of the business cycle, and exchange ideas and experiences with other entrepreneurs, which enhances their ability to succeed and achieve their goals.”
In order to qualify, projects must present a viable idea or service for the local or regional market and be based in Bahrain with an active commercial registration.
Angel investors, accelerator programs, venture capitalists, and ecosystem developers are also invited to register, it was noted.