StartUp Bahrain, the leading platform for startups in the Kingdom of Bahrain, recently hosted the sixth edition of the eagerly anticipated StartUp Bahrain Pitch series. The event was organized in collaboration with key industry stakeholders, including the Ministry of Industry & Commerce, the Labour Fund (Tamkeen), the Bahrain Economic Development Board, and Bahrain Development Bank (BDB). The Pitch event included a keynote speech by Talabat’s former CEO and Faith Capital’s Managing Partner, Mohammed Jaffar, who shared his valuable insights on entrepreneurship along with guidelines and advice for entrepreneurs to achieve success.
During the event, four Bahraini startups took to the stage to present their business ideas to a distinguished panel of judges that featured local and regional experts, including: Mr. Suhail Algosaibi, Founder and CEO of Falak Consulting, Passant Abed, Investment Professional at Shorooq Partners, Egypt, Tara Arnaout, Principal of BY Venture Partners, Dubai, and Shaheeda Abdul Kader, Investment Advisor at ShaheedaSays, Dubai.
The four startups representing various sectors, presented their unique businesses after going through a rigorous fundraising and pitching bootcamp, ‘Raise: Art of Fundraising’ delivered by experts in the field. Among the participating startups were Thrift It, a marketplace application that enables users to buy and sell second hand clothing and accessories; Doctori, an online platform that makes healthcare accessible and available to patients, allowing them to reach their healthcare providers virtually; Fermendiet, a Bahrain-based factory that produces fermented foods beneficial for general health and fitness; and lastly Truckly, a logistics platform intended for supply chain management for B2B entities, bridging land transport carriers with shippers to streamline last-mile delivery services.
The esteemed panel of judges meticulously evaluated each startup’s potential and ideas, acknowledging their impressive presentations. Ultimately, Fermendiet emerged as the winner of this edition with their unique business addressing growing market demand.
Commenting on their acheivement, Areej Almatooq, Co-Founder of Fermendiet stated: “Participating in the bootcamp was an eye-opening journey which equipped my team and I with valuable skills, and a profound understanding of the art of pitching and fundraising”
She added: “The StartUp Bahrain Pitch event provided an invaluable platform to showcase our business and eventually helped us get selected as a first-place winner by the judges. We highly appreciate the efforts of everyone involved in this initiaitve including the Ministry of Industry & Commerce, Tamkeen, the Bahrain Economic Development Board, Bahrain Development Bank, our esteemed panel of judges, and, of course, StartUp Bahrain for their unwavering support and for granting us this incredible opportunity.”
Entrepreneurs interested in participating in the next cohort of StartUp Bahrain Pitch can stay tuned to new announcements and learn more about new cohorts through startupbahrain.com/pitch. If you’re interested to learn more about StartUp Bahrain and how you can be involved, follow @startupbahrain on social media, and get in touch to learn more.