Fablemill, a boutique production house and advisory firm focused on amplifying stories from the Arab world, has been named the first place winner in the inaugural StartUp Bahrain Pitch event.
The company was among seven local startups that pitched their concepts to a panel of judges in the presence of investors and ecosystem leaders for potential investment opportunities during the event that was held in collaboration with the Industry and Commerce Ministry, the Labour Fund (Tamkeen), the Economic Development Board and Bahrain Development Bank.
Commenting on the win, Eman AlSabah, founder of Fablemill, expressed gratitude to the various stakeholders involved in organising the initiative and discussed plans for growing the business.
“We are proud to have won the first edition of the StartUp Bahrain Pitch competition. Fablemill has ambitious plans ahead to continue developing Arab stories which reflect local heritage, traditions, and mythology while also amplifying female voices and empowering local creative talent. Events like the pitch competition bring us closer to developing our project pipeline, and we are tremendously grateful for the support and guidance provided by Tamkeen, the Economic Development Board, Bahrain Development Bank, and the wider StartUp Bahrain community,” she said.
The startups pitched technology-based concepts that provided innovative solutions within various sectors, such as tourism, real estate, education, gaming, creative industries, and more.
Ali Hasan, executive director for programmes and partnership development at Tamkeen, emphasised the organisation’s commitment to empowering the startup ecosystem in Bahrain through tailored support and initiatives.
“We made it a priority to tackle one of the key obstacles startups’ growth, which is access to funding and finance. StartUp Bahrain Pitch allows entrepreneurs at the same stage of development to pitch in front of a panel of local and international investors to secure funding necessary for them to grow and expand,” he added.
“Startups need funding to hire the talent they require, expand their operations to new segments and markets, develop new services and products, and innovate, all which can lead to a positive impact across the national economy.”
Over the years, Tamkeen has supported entrepreneurs and startups in Bahrain through various initiatives, enabling 19,000 entrepreneurs to launch new businesses and facilitating access to financing for over 7,000 small and micro enterprises.
Moreover, the organisation introduced specialised initiatives such as Young Entrepreneur (Mashroo3i 2.0) and the Global-Ready Entrepreneur programme.
Applications for the next cohort of StartUp Bahrain Pitch are set to open soon.
avinash@gdnmedia.bh
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