TENMOU?S SHOWCASED AT ANGEL INVESTING WORKSHOP CONDUCTED BY WORLD BANK IN WASHINGTON DC

Manama, Bahrain – Hasan Haider, the Chief Executive of Tenmou and Venture Partner of 500 Startups, was recently invited by World Bank Group to speak at the ?Angel Investing and Entrepreneurship in Emerging Markets: The Role of Development Agencies and the Public Sector? workshop in Washington DC.

The aim of this high-profile workshop was to highlight potential opportunities for World Bank Group, governments and other entities in the emerging markets to support angel investing and early-stage entrepreneurship to build a successful start-up ecosystem.

Speaking at the event, Mr. Haider said: ?We are proud to have this unique opportunity to showcase our business-model at this prestigious workshop and place Bahrain on the international map as a destination that augments startups and entrepreneurship. There is a vast potential for the World Bank Group and government entities to bolster angel investing and support startups in the different emerging countries and particularly in the Kingdom of Bahrain with Tenmou providing a positive framework for such organizations to adapt.?

?Furthermore, prestigious entrepreneurship educational institutions such as Babson College and Harvard University have recognized our efforts and included Tenmou as a classic case study in their curriculum. This is a great honour for us and we are proud of our proven track record of successful startups and look forward to being of assistance to several international organizations that approach us for advice.?

This high-profile workshop was attended by more than 50 participants from 20 countries and was held at the World Bank Group headquarters in Washington DC. Mr. Nelson Gray, head of Scottish Angel Co-Investment Fund and Mr. Klaus Tilmes, Director, Trade and Competitiveness Global Practice, World Bank Group were among the other speakers who conducted some of the sessions during the workshop.

Topics discussed during the workshop included: the potential for angel investing in emerging markets, and how it is different from developed environments. Also discussed were policies and market interventions that can be considered to make a developing local angel community sustainable.

Launched in 2011, Tenmou aims to support entrepreneurs with valuable business assistance, including financial investment, mentorship, advice and guidance.? Tenmou recognizes that for many entrepreneurs, mentorship programmes can be as valuable as financial investments. Each project receives practical advice and training from the company?s board members, who bring with them a wealth of business experience.? These training sessions expose the entrepreneurs to real business situations and are conducted in the form of workshops, on a regular basis.

Established with a start-up capital of BD1 million (US$2.7 million),Tenmou invests an average of BD20,000 ? 30,000 (US$53,000 ? 80,000) for a stake of on average 20% – 30% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

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