Local startups present innovative solutions

Mame Pod, founded by Fedaa Tawfeeq, has been announced as the winner of the fifth edition of the StartUp Bahrain Pitch series.

The event was held in the presence of Industry and Commerce Minister Abdulla bin Adel Fakhro.

It was organised in collaboration with the Industry and Commerce Ministry, Labour Fund (Tamkeen), Economic Development Board, and Bahrain Development Bank.

Five Bahraini startups presented their businesses to an esteemed panel of judges including Mokhtar Ibrahim, principal of BECO Capital, Mohammed AlMunifi, venture capitalist at Faith Capital Holding, Christina Andreassen, director of programmes at AstroLabs, and Tariq Sanad, chief financial officer at Tarabut Gateway.

The startups represented various sectors and industries, who presented their own innovative solutions after going through a rigorous fund-raising and pitching bootcamp, Raise: Art of Fundraising.

Among the participating startups were Mame Pod, a local restaurant focusing on serving a variety of healthy Japanese snacks; Oreem Delivery, an application that enables customers to order anything from anywhere in Bahrain under one umbrella; Sakani, a real estate application that allows customers to find property and contact agents and banks to receive approval for purchasing property; Kyan Jewelry, which specialises in creating 18 carat gold jewellery driven by art and nature; and Lunchy, a foodtech app dedicated to providing personalised healthy lunch subscriptions for school children.

The panel of judges conducted a thorough assessment of each startup’s potential, acknowledging their impressive presentations.

“Winning the fifth edition of StartUp Bahrain Pitch is surreal as much as it’s an honour for myself and my team,” said Ms Tawfeeq on her win.

“I am deeply grateful to be granted the opportunity to participate in the bootcamp where I gained new skills and expanded my knowledge around pitching and fund-raising, and directly followed by the StartUp Bahrain Pitch event which provided a real-life valuable platform for me to pitch my business,” she added.

“I’d like to thank the Industry and Commerce Ministry, Tamkeen, Bahrain Economic Development Board, Bahrain Development Bank, and the panel of judges as well as StartUp Bahrain for the support and valuable experience they have provided us, which will inspire us to reach new heights.”

Ali Hasan, executive director of programmes and partnership development at Tamkeen, highlighted Tamkeen’s unwavering commitment to nurturing Bahrain’s ecosystem through bespoke support programmes and initiatives.

“At Tamkeen, our foremost focus is to help startups overcome the challenges of securing funds, which is among some key challenges facing startups worldwide,” he emphasised.

“StartUp Bahrain Pitch has consistently proved to be an avenue for founders in procuring potential investments and furthering their growth and prospect of expansion.”


Source: https://www.gdnonline.com/Details/1289953


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