Hope Ventures, the investment arm of Hope Fund, will expand its entrepreneurial-themed reality show ‘Beban’ to accelerate the growth of entrepreneurs and SMEs (small and medium enterprises) across the region.
For this Hope has signed a memorandum of understanding (MoU) with the UAE’s Ministry of Economy and The Entrepreneurial Nation to collaborate on scaling promising businesses.
Beban aims to shed light on success stories and facilitate the co-investment of high-potential businesses alongside the private sector. Its first season featured 12 Bahraini entrepreneurs across 4 episodes and resulted in a commitment of 5 deals worth over $1,000,000 in total and $120,000 worth of advance orders.
Bigger and exciting
Season 2 is planned to be bigger and more exciting, as it will include 10 episodes featuring 50 promising entrepreneurs as they pitch for equity investment and strategic business development opportunities before a diversified panel of regional investors.
Through the MoU, Beban is expanding to include up to 15 shortlisted entrepreneurs from the UAE, along with investors, and strategic partners. This will benefit entrepreneurs from the ease of access to diversified UAE investors and strategic partners who contribute to the acceleration of their regional and international expansions.
The show’s expansion will further support shortlisted businesses by providing added exposure for entrepreneurs around the GCC and the region through the show's distribution and airing on major regional networks, as well as cross-country expertise and knowledge sharing.-- TradeArabia News Service
&uuid=(email))