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Bahrain's Startup Ecosystem

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A short report on the startup ecosystem in Bahrain.

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Bahrain's Startup Ecosystem

  1. 1. The Startup‘s Quickstart Guide To: Afghanistan BAHRAIN Bahrain
  2. 2. The Startup‘s Quickstart Guide To: Afghanistan ABOUT Here at The Startup Monthly, we’ve come across various guides here and there about the startup communities in different countries. But, they’ve been inconsistent, and not all countries are covered. This guide is by no means meant to be complete and all encompassing. Consider it a starting point if you’re an entrepreneur, investor or researcher. We plan to update these guides at least annually and welcome any suggestions or additions we should consider adding to the guide. I.e. startups, investors, community resources, etc. Please email any suggestions or questions to editor@thesocialmediamonthly.com. Lead Researcher: Christian Arthur Last Updated: June 25, 2016 Bahrain
  3. 3. The Startup‘s Quickstart Guide To: Afghanistan INTRODUCTION 1 (1) (2) Bahrain
  4. 4. The Startup‘s Quickstart Guide To: Afghanistan INTRODUCTION • Government: Constitutional monarchy3 • GDP: $64.8 billion ($50,100 per capita) • Unemployment rate: 4.1% (2014) • Inflation rate: 1.8% • Population below poverty line: N/A • Main Industries: Oil, tourism, transportation, telecommunications, aluminum production, finance Bahrain
  5. 5. The Startup‘s Quickstart Guide To: Afghanistan STARTUP SCENE • 2030 Economic Vision declared by government includes policies dedicated to “capturing emerging [economic] opportunities.”4 • Over past 5 years Bahrain startup scene has grown.5 • New ecosystem of angel investors, universities, government initiatives, and accelerator programs. • Networking events popping up. • The Bahrani magazine “Startup MGZN” spotlights regional entrepreneurship. 6 Bahrain
  6. 6. The Startup‘s Quickstart Guide To: Afghanistan MOST PROMISING STARTUPS Mannai Technological Facilitations W.L.L. • Telecomm and tech consulting • Bahrain Award for Entrepreneurship 2016 (Best Startup)7 Obai & Hill • Public relations, design, and marketing • Bahrain Award for Entrepreneurship 2015 (Best Startup)8 • Relocated to Bahrain from UK Fish Transporter • First e-commerce company in Bahrain to specialize in fresh fish. • One of Bahrain’s “Six Hot and Upcoming Startups.”9 Bahrain
  7. 7. The Startup‘s Quickstart Guide To: Afghanistan INVESTORS & INFLUENCERS • Hasan Haider – founder of Tenmou, Bahrain’s first angel investor network. • Ahmed Sawafir – founder of Startup Bahrain(now called Startup MGZN) • Salman bin Hamad Al Khalifa – crown prince of Bahrain, and Chairman of the Economic Development Board. Bahrain
  8. 8. The Startup‘s Quickstart Guide To: Afghanistan COVERAGE OF STARTUPS • Startup MGZN – covering innovation and entrepreneurship in Bahrain and surrounding region. • Wambda – covering entrepreneurship in the Middle East and North African region. Bahrain
  9. 9. The Startup‘s Quickstart Guide To: Afghanistan SUMMARY • Bahrain is dependent on its oil industry. Falling prices have resulting in some economic downturn.3 • Country still reals from political unrest of 2011 “Arab Spring.”5 • Government very supportive of entrepreneurship and innovation. • An ecosystem of investors, mentors, and innovation networks is rapidly growing. Bahrain
  10. 10. The Startup‘s Quickstart Guide To: Afghanistan SOURCES • Background Image: https://en.wikipedia.org/wiki/Bahrain#/media/File:Manama ,_Bahrain_Decembre_2014.jpg • (1) https://commons.wikimedia.org/wiki/File:PRT_convoy_sets_o ut_for_Farsi_District_of_Afghanistan_MOD_45147209.jpg • (2) • https://commons.wikimedia.org/wiki/File:Bahrain_map_- _2.png Bahrain
  11. 11. The Startup‘s Quickstart Guide To: Afghanistan SOURCES • (3) • The World Factbook: Bahrain. (2016, June 15). Retrieved June 27, 2016, from https://www.cia.gov/library/publications/the-world-factbook/geos/ba.html • (4) • Economic Vision 3030. Rep. Economic Development Board of Bahrain, Oct. 2008. Web. 16 June 2016. <https://issuu.com/economicdevelopmentboard/docs/bahrain_vision_2030>. • (5) • Williamson, Rachel. "Bahrain, Moving towards Startup Success."Wamda. Wamda, 10 Dec. 2015. Web. 27 June 2016. <http://www.wamda.com/2015/12/bahrain-moving-towards- startup-success>. • (6) • Vakani, Anousha. "Revolutionizing the Digital Scene: StartUp Bahrain."Destination KSA. N.p., 07 Jan. 2016. Web. 27 June 2016. <http://destinationksa.com/revolutionizing-the-digital-scene-startup-bahrain/>. Bahrain
  12. 12. The Startup‘s Quickstart Guide To: Afghanistan SOURCES • (7) • "Congratulations to the 2016 Award Winners." Bahrain Award for Entrepreneurship. N.p., n.d. Web. 16 June 2016. <http%3A%2F%2Fbahrainae.com%2F>. • (8) • Staff, Entrepreneur Middle East. "The Bahrain Award For Entrepreneurship." Entrepreneur. N.p., 22 Apr. 2015. Web. 27 June 2016. <https://www.entrepreneur.com/article/245378>. • (9) • "The Bahrain Award For Entrepreneurship." 6 HOT & UPCOMING STARTUPS IN BAHRAIN. Startup MGZN, Apr. 2015. Web. 16 June 2016. <http://startupbahrain.com/features/6-hot-upcoming-startups-in-bahrain/>. Bahrain

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