Today’s sessions began with the “Plenary Opening Session” moderated by Global Entrepreneurship Network President and Founder, Jonathan Ortmans. The plenary panel discussion revolved around the progress and efforts focused on diversifying Bahrain’s robust economy and private sector. Members of the panel included His Excellency Zayed Rashid Al Zayani, Minister of Industry, Commerce and Tourism, Tamkeen Chairman, His Excellency Shaikh Mohammed Bin Essa Al Khalifa, His Excellency Khalid Rumaihi, Chief Executive of Bahrain Economic Development Board, and local entrepreneurs Hala Ahmed Sulaiman, Founder and Managing Director of Beyond Borders Consultancy and Founder and CEO of Maya La Chocolaterie and The Living Concepts. The panellists discussed various initiatives, country strategies and policy changes being made to promote and benefit SMEs and start-ups in Bahrain, as well as the various obstacles entrepreneurs have faced amidst today’s economic landscape. Initiatives and policy changes are being put in place to not only position Bahrain as a business-friendly ecosystem but also to empower Bahraini partnerships abroad. Such examples include implementing first Regulatory Sandbox initiative in the region, Export Bahrain and new bankruptcy laws.
Commenting on the success of the first day, Tamkeen Chairman, His Excellency Shaikh Mohammed Bin Essa Al Khalifa, said: “Tamkeen is proud to bring this event for the first time in Bahrain with the Global Entrepreneurship Network, connecting thousands of experienced entrepreneurs, researchers and policymakers from around the world to the Kingdom’s ever-growing entrepreneurial start-up culture. At Tamkeen, we are committed to providing guidance and financing to local start-ups, as well as international ones. Today’s sessions established a quality benchmark which will be continually met over the course of four days via the GEC’s diverse and insightful selection of workshops, panels and sessions. We are confident that our attendees will benefit from this auspicious event to propel their skills and contribute to the Kingdom’s economic vision.”
On his part, Tamkeen Chief Executive, Dr. Ebrahim Mohammed Janahi, said on the sidelines of the GEC : “We welcome the participation of our international attendees on the first day of GEC 2019, where the participating countries have demonstrated an aligned global vision in supporting entrepreneurship and discussed global challenges facing the field.”
Following the plenary panel discussion, a special keynote speech was delivered by Jonas Kjellberg, Co-Founder of Skype. In his keynote, he discussed the numerous failures surrounding his success through his investments and business choices where he noted “one of the biggest challenges for entrepreneurs is unlocking growth via innovation and entrepreneurs need to constantly rethink on how to acquire capital.” He also emphasized on the importance of changing the business game through providing innovative products and restructuring business models. Kjellberg concluded with a strong piece of advice, encouraging entrepreneurs and business starters to “innovate, not imitate”.
This year’s edition of the GEC will address important economic themes including the global entrepreneurial revolution, high-performance ecosystems and inclusive economies. GEC 2019’s sessions, workshops and panels will explore new ways to nurture start-up companies, expand their reach to global standards and promote sustainability as they support the growth of the Kingdom’s entrepreneurial sector. Other sessions throughout the day included “Megatrend Mashup: A Game Designing and Experiencing Emerging Disruptive Technologies”, with Dave Moskovitz, “Creative Industries Entrepreneurship” with Michael Sturtz, “Speed Mentoring” with Jeff Hoffman, and “Moving Beyond the Business Case: How to Make Venture Capital Work for Women Entrepreneurs” with Country Head, Microsoft for Start-ups, Lathika Pai, amongst many other sessions held throughout the day.
Sessions from yesterday’s Ministerial event included “Building One Global Entrepreneurial Ecosystem”, “Start-up Nations Ministerial” by nine international delegates and “Building Healthier National Ecosystems”. The inaugural ministerial session on Monday explored the development of the entrepreneurial sector as well as examined prominent insights related to implementing policies to support start-up enterprises and opportunities to ensure sustainable and strategic entrepreneurial growth.
Over the years, GEC has been considered one of the largest entrepreneurial platforms in the world, hosted in many countries including the United States, United Kingdom, China, Italy, Brazil, Russia and the UAE. This year, the decision to choose Bahrain as host country for GEC 2019 derives from the Kingdom’s strong positioning through its 2030 vision as well as its role as a global hub for entrepreneurs. GEC 2019 will continue until April 18, 2019.
Tamkeen is a semi-government organization in Bahrain established in 2006 under Law Number (57) as part of the country’s national reform initiatives, with the task of making the private sector as the key driver of sustainable economic development.
Underpinned by 3 strategic pillars – enhancing quality, serving customers, and achieving results - the organization provides an integrated range of programs to create a solid foundation for a modern economy – such as SME financing, skills training, and entrepreneurship.
At the same time, these programs address key challenges facing Bahrainis and businesses in the private sector at various stages of their development - from start-ups to mature companies, and from students to senior executives.
To date, Tamkeen’s programs have served more than 130,000 Bahrainis and businesses.
More information available at www.tamkeen.bh
For media inquiries, please contact:
Tamkeen’s Marketing & Communications Dept.
© Press Release 2019