Manama, February 22 (BNA): The third branch of the business incubator and accelerator “The Collective Hub” was opened in the Yateem Center in Manama.
The opening ceremony was organized by Tenmou, under the auspices of the Minister of Industry and Trade, Abdullah bin Adel Fakhro, and in the presence of Tenmou and Chairman of the Board of Directors of the Collective Center, Suhail bin Ghazi Al-Qusaibi.
The Ministry affirmed the government’s support for the small and medium enterprises sector through the issuance of stimulating legislation and laws and the development of infrastructure to create an economic environment attractive to investment, praising the innovative contributions provided by “Tenmou” to support entrepreneurs.
“Since the launch of the incubator in February 2020 with its first and main branch in Adliya, we have been able to achieve many outstanding achievements, as the available workspaces were occupied within six months despite the pandemic,” Algosaibi said.
He pointed out that a joint cooperation agreement was signed with the Bahrain National Holding Company to provide distinguished services to members, as the success of the collective complex continued at a steady and deliberate pace and expanded to open its second branch in 2021 in Bahrain Bay.
The center attracted investors and financial investment companies, and cooperation was made with the US Embassy to exchange and host various programs that serve emerging entrepreneurs and investors.
“The third and largest branch of The Collective Hub is located in the Yateem Center, in a strategic location in the heart of Manama, and its proximity to Bab Al Bahrain makes it a tourist destination, targeting, in addition to entrepreneurs and emerging investors, creative Bahrainis. The pioneers, as well as our training project in cooperation with Tamkeen,” he added. Things Media”)”.
The minister toured the incubator and was briefed on the available work environment, co-working spaces and other facilities.
The Collective Hub is a business incubator and co-working space based on community communication, providing its services in the Kingdom of Bahrain with the support of Tenmou, the first angel investment company in Bahrain.
The incubator targets emerging and creative entrepreneurs in addition to investors, as it provides valuable assistance in the field of business, including financial investment, supervision, advice and guidance, incubating small and medium enterprises, and programs that seek to develop entrepreneurship and provide financing opportunities by encouraging direct interaction between companies and companies. startups and investors in an open and collaborative environment.
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