Beban season two set to go on air from January 4

The second season of Beban, Bahrain’s first entrepreneurship-themed reality television show, kicks off on January 4, with a crowdfunding platform added to make it the ‘first-of-its -kind’ in the world.

Produced by Hope Ventures, the investment arm of Hope Fund, the show will be aired on the region’s first video-on-demand platform, Shahid, as well as Bahrain TV and AlRai TV.

Billed as the kingdom’s version of popular US show Shark Tank, Beban offers entrepreneurs the chance to pitch their business ideas to a panel of regional investors for investment and strategic business opportunities.

The second season of the show will comprise 10 episodes to be aired on a weekly basis every Wednesday, starting January and until March at 6pm Bahrain time.

Each episode will feature five businesses from various sectors of Bahrain and the UAE pitching to three investors as well as Hope Fund chairman Aymen Almoayed as the representative of Hope Ventures.

The final 50 selected to take part in the show were picked from a pool of more than 350 applicants.

In addition to its UAE expansion, the second season is also introducing a new addition, which is Beban Crowdfunding, an equity crowdfunding platform that will allow viewers to invest in opportunities featured during the show.

The platform aims to encourage wider investor participation whilst allowing entrepreneurs to have access to a wider network of investors and funding options.

The introduction of the platform, which is licensed by the Central Bank of Bahrain, makes Beban TV show the first interactive reality TV show in the world with a crowdfunding element to it, widening the pool of potential investors for the startups.

“With the airing of Beban 2, we look forward to the viewers getting a front-row seat to discussions and negotiations that typically take place behind closed doors between investors and entrepreneurs. These discussions will educate, excite, and, most importantly, inspire viewers to take on the path of entrepreneurship,” Mr Almoayed commented.

According to Hope Ventures general manager Fajer Al Pachachi, Beban season 2 promises to be “bigger, louder, and more exciting” as more experienced investors join the panel.

She added, “The results of Season 2 are exciting and in line with our strategy of matchmaking and co-investing into local opportunities with the private sector, which will provide expertise and on-the-ground know-how to support the success of the businesses.”

Beban 2 sponsors include nogaholding, Tamkeen, Al Areen Palace and Spa, TRACCS, Beyon Money, Zain Bahrain, GMI, Ahli United Bank, Kuwait Finance House (Bahrain), Benefit, Bahrain Car Park Company (Amakin), and Al Salam Bank.

The first season of Beban went on air in February this year with 12 startups, of whom five succeeded in getting investments from venture capitalists.


Source: https://www.gdnonline.com/Details/1160778

 

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