-‘BIBAN’, will offer Bahraini growth stage entrepreneurs opportunity to showcase their business ideas to local and regional investors
-Applications now open for Bahraini growth stage entrepreneurs
August 2021 (Manama, Bahrain) – Hope Ventures, the investment arm of Hope Fund, is set to launch a first-of-its-kind in Bahrain entrepreneurial TV show “Biban”, aimed at providing local entrepreneurs with the opportunity to present promising investment opportunities to a panel of local and regional investors.
The reality TV show will provide participants with a platform to pitch their ideas to a panel of seasoned business figures, who then decide whether to invest., Biban will feature 12 promising businesses, which will be carefully selected from hundreds of applicants, based on their traction and growth potential highlighting the caliber of ambitious business owners and investment opportunities across the Kingdom.
The show will present a transparent investment approach as investors will discuss and challenge the business opportunities, while making an investment decision in real time. The panel of investors will showcase their industry knowledge and valuable contribution to the entrepreneurs with the aim of opening doors, or in Arabic “Biban”, for the ventures to grow and scale beyond Bahrain.
H.E. Aymen bin Tawfeeq Almoayed, Chairman of Hope Fund said, “The investment opportunities will reflect the innovative approaches of businesses today to remain competitive and add value in high-growth, rapidly changing sectors such as F&B, retail, technology, and manufacturing. Biban will also bring a unique experience to viewers across the region as they get a front-row seat to discussions and negotiations that typically take place behind closed doors.”
Fajer AlPachachi, General Manager of Hope Ventures asserted: “We want to highlight and celebrate the tenacious spirit of Bahraini entrepreneurs, many of whom have been working very hard for a chance to present their ideas to an esteemed panel of business experts. Biban will not only create more exposure for finalists to share their inspiring stories, as well as provide growth funding, but will shed light on Bahrain’s unique culture of entrepreneurship and spirit of innovation. We’re excited to launch Biban as the first of a series of nation-wide strategic initiatives by Hope Ventures to enable, encourage and empower Bahrainis towards the launch and growth of their business concepts.”
Selected finalists will be supported in preparation for the show through an extensive 3-day executive bootcamp provided by Flat6labs; MENA region’s leading seed and early stage venture capital firm, ahead of the episodes’ filming. Biban is backed and supported by numerous key industry players, sponsors and investors that have come together to achieve a collective vision of supporting promising local businesses to grow beyond Bahrain, while playing a vital role in encouraging aspiring entrepreneurs.
Applications are now open for all entrepreneurs through www.HopeFund.bh to potentially participate and pitch their growing businesses to investors on Biban. Furthermore, applicants can reach out to the Hope Ventures team on their social channels or through email on firstname.lastname@example.org for further support and guidance.