The Labour Fund (Tamkeen) signed an agreement with Entrepreneurs’ Organisation Bahrain Chapter (EO Bahrain), aimed at empowering Bahraini entrepreneurs to expand their businesses through the latest edition of the EO Accelerator Programme.
The programme provides comprehensive advisory support and networking opportunities tailored to the needs of entrepreneurs, and it has a proven track record of helping numerous entrepreneurs increase their revenues by the end of the two-year programme.
This initiative provides an opportunity for promising Bahraini businesses to enhance their productivity and increase their profitability through both training and advisory aimed at helping them reach revenues upward of $1 million at an accelerated pace. Additionally, six programme graduates who successfully meet the growth targets will be offered a membership to join EO Bahrain.
Furthermore, this partnership comes in alignment with Tamkeen’s ongoing efforts to support and incentivise private sector enterprises that are committed to pursuing growth and enhancing sustainability and productivity. This is in line with Tamkeen’s 2023 priorities, which are focused on four key pillars: facilitating the increased economic participation of Bahrainis, providing training that is aligned with the labour market needs in new and emerging skills, as well as enterprise and ecosystem development, all of which drive positive economic impact and sustainable growth.
Tamkeen chief executive Maha Mofeez said: “As part of the long-standing partnership between Tamkeen and EO Bahrain, which began in 2017, we are working to empower Bahraini entrepreneurs with promising projects by enhancing their competitiveness and boosting their productivity.
This, in turn, contributes to advancing private sector growth, a key driver of our national economy. Tamkeen is committed to providing diverse forms of support aligned with each enterprise’s development goals, reinforcing our wider efforts through a blend of financing solutions, grants, and technical and advisory support, as well as incentives, especially for organisations with innovative and productive business models in key sectors.”
The two-year accelerator programme revolves around four crucial pillars: cash, people, execution, and strategy. It offers continuous monitoring, training, and immersive activities within a stimulating environment, enriching participating projects and granting them access to EO Bahrain’s extensive network and valuable expertise. Participants also have the opportunity to engage in the organisation’s international activities, further enhancing their prospects for success.
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