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Hope Ventures, the investment arm of Hope Fund, will expand its entrepreneurship-themed reality show “Beban” to accelerate the growth of entrepreneurs and small and medium enterprises (SMEs) in the region.
To this end, Hope has signed a Memorandum of Understanding (MoU) with the UAE Ministry of Economy and Entrepreneur Nation to collaborate on expanding promising businesses.
Beban aims to uncover success stories and facilitate co-investment between high-potential companies and the private sector. Its first season featured 12 Bahraini entrepreneurs in 4 episodes and led to 5 deals totaling over $1,000,000 and commitments for pre-orders worth $120,000.
bigger and more exciting
Season 2 is planned to be bigger and more exciting as it will consist of 10 episodes featuring 50 promising entrepreneurs pitching for equity investment and strategic business development opportunities in front of a diverse panel of regional investors.
Through the MoU, Beban is expanding to include up to 15 shortlisted entrepreneurs from the UAE, as well as investors and strategic partners. This will allow entrepreneurs to benefit from easy access to a diverse group of Emirati investors and strategic partners who have contributed to accelerating their regional and international expansion.
The expansion of the programme will further support shortlisted businesses through the programme’s distribution and broadcast on key regional networks, as well as transnational expertise and knowledge sharing, providing greater exposure to entrepreneurs in the GCC and the region. – arab trade news agency
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