Under the patronage of the Minister of Industry and Commerce, H.E. Mr. Abdulla bin Adel Fakhro, the official opening ceremony of the third branch of the business incubator and accelerator "The Collective Hub", was held this morning, organized by Tenmou Company at Yateem Centre, Manama. In the presence of Tenmou and The Collective Hub Chairman, Mr. Suhail bin Ghazi Algosaibi.
During the ceremony, H.E. Fakhro affirmed the government's support to the SMEs sector by issuing stimulating legislation and laws and developing infrastructure to create an attractive economic environment for investment, praising in the innovative contributions made by Tenmou to support entrepreneurs.
On the other hand, Collective Hub Chairman Mr. Suhail Algosaibi, stated: "Since the launch of the incubator in February 2020 with its first and main branch in the Adliya, we have been able to achieve many outstanding achievements, as the available work spaces were filled within six months despite the pandemic, and a joint cooperation agreement was signed with (BNH) to provide distinguished services to members, as the success of The Collective Hub continued at a steady and deliberate pace and expanded to open its second branch in 2021 in Bahrain Bay, which attracted investors and financial investment companies, and cooperation was made with the US Embassy to exchange and host various programs that serve emerging entrepreneurs and investors.
Algosaibi continued: " the third and largest branch of The Collective Hub in Yateem Centre, is strategically located in the heart of Manama, and its proximity to Bab Al Bahrain makes it a tourists destination, and it targets, in addition to emerging entrepreneurs and investors, Bahraini creative pioneers, as well as our training project in cooperation with Tamkeen "All Things Media").
H.E. the Minister toured the incubator, and was briefed on the available work environment, co-working spaces and other facilities .
“The Collective Hub" is a business incubator and co-working space based on community communication, providing its services in the Kingdom of Bahrain with the support of Tenmou, the first angel investment company in Bahrain. The incubator targets emerging and creative entrepreneurs in addition to investors, as it provides valuable assistance in the field of business, including financial investment and supervision, advice and guidance, incubation of SMEs, and programs that seek to develop Entrepreneurship and provide funding opportunities by encouraging direct interaction between companies, startups, and investors, in an open and collaborative environment.
