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Friday, September 22, 2023

Khalifa Fund inks deal to expand Beban TV show to UAE


The Khalifa Fund for Enterprise Development (KFED) has announced a partnership with Bahrain-based Hope Ventures to expand Hope’s entrepreneurship-themed reality show “Beban” to the United Arab Emirates in the highly anticipated third season.

This follows the show’s planned expansion into the UAE in its second season and its success in promoting investment and strategic opportunities for UAE businesses.

After two seasons, Beban has profiled a total of 62 businesses of various sizes and led to successful joint private and public sector investments of over $6 million in GCC start-ups.

Beban centers on entrepreneurs and business owners as they pitch their ventures before regional investor panels for equity investment and business opportunities.

The exhibition’s expansion is in line with KFED’s mission to promote the UAE’s entrepreneurial ecosystem and support SMEs by providing financing and service options to create opportunities, as Beban will help UAE businesses gain easier access to diverse investors and strategic partnerships Partners, these investors and strategic partners will accelerate their business growth into regional and international markets.

In addition, Beban entrepreneurs will benefit from an intensive training bootcamp as part of their Beban journey, where they will develop their business in everything from expansion planning, financial modeling and pitching in front of regional investor panels on TV.

Alia Al Mazrouei, CEO of Khalifa Fund, said: “Through our partnership with Bahrain Hope Ventures, we are delighted to be bringing Beban’s entrepreneurial spirit to the UAE in the highly anticipated third season. By expanding Beban, we are providing the UAE-based The company creates valuable opportunities for corporate access to a diverse set of investors and strategic partners, accelerating their growth in regional and international markets.”

“Through intensive training bootcamps and exposure on TV platforms, Beban will empower entrepreneurs, facilitate cross-border knowledge exchange, and energize the UAE’s entrepreneurial ecosystem. We look forward to seeing all applicants for Beban Season 3 And to see them benefit from this extraordinary journey of success,” he added.

Ayman bin Tawfeeq Almoayed, Chairman of Hope Fund, said: “Beban was established as a regional investment platform to connect regional entrepreneurs and investors from different industries and facilitate equity investment and strategic business development opportunities, which are important for these entrepreneurs. Pretty challenging.”

“The partnership with the Khalifa Enterprise Development Fund will provide entrepreneurs in the UAE with the tools and resources they need to grow their businesses, while increasing their regional exposure through the fair while facilitating cross-border knowledge exchange among entrepreneurs in the region”, Almoayed pointed out.

“Entrepreneurs in the UAE are encouraged and invited to apply for Beban Season 3 and benefit from the show,” he added.-TradeArabia News Service


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