News

  • 02 Sep 2015

    Ask Me Anything with Dave McClure

    Tenmou hosts private event on September 2nd with Dave McClure for a Question and Answer event
    "Ask me Anything with Dave McClure" where entrepreneurs can ask him anything about startups, venture capital, and the startup ecosystem. 

    Dave McClure is the founding partner of 500 Startups, a venture capital firm and startup incubator in Silicon Valley founded by PayPal and Google alumni, with over $150M under management. He has been an investor in hundreds of companies around the world such as Credit Karma, Twilio, MakerBot, Wildfire Interactive, Viki, Mashery, SendGrid, Mint.com, and SlideShare, among others. Dave has been geeking out in Silicon Valley for twenty-five years as a developer, entrepreneur, blogger, investor, and internet marketing nerd. He has worked with companies such as PayPal, Founders Fund, Facebook, LinkedIn, Twilio, Mint.com, Simply Hired, O'Reilly Media, Intel, & Microsoft.

  • 18 Mar 2015

    BAHRAIN GEARS UP TO HOST SECOND MENA ANGEL INVESTOR SUMMIT

    Tenmou, Bahrain’s first ‘Business Angels’ organisation is gearing up to host MENA Angel Investors Summit 2015 in May 2015. The event will be held in strategic partnership with the Economic Development Board (EDB).

    The Summit aims to provide a platform to empower new and existing angel investors across the Middle East and North Africa (MENA) and around the globe to connect with high-potential innovative entrepreneurs, to share experiences and develop their investment portfolios. Last year more than 150 angel investors and 50 entrepreneurs from the Middle East, North Africa, Europe and the US Silicon Valley participated in the first MENA Summit.

    Sami Jalal, Chairman of Tenmou, commenting on the announcement said: “Building on the success of last year we are proud to host the Second MENA Angel Summit in strategic partnership with the Economic Development Board. Summits such as this provide an excellent platform for the high-potential innovative entrepreneurs to connect with angel investors from around the world. At Tenmou, we are committed to position Bahrain as the entrepreneurial hub for the MENA region. Last year, we witnessed four regional agreements being signed for more than BD 2 million as a result of the Summit, and we look forward to seeing many more such deals being signed this year.”

    Khalid Al Rumaihi, Chief Executive at the EDB, said: “Innovation and entrepreneurship are essential to our economy’s future growth and in attracting international businesses. Providing SMEs – and particularly innovative, high-growth SMEs – with the support they need to grow will be essential in ensuring our prosperity and in fully diversifying our economy.

    “Events such as the Angel Investors Summit not only promote the opportunities and support available to aspiring entrepreneurs but also bring these talented individuals to the attention of potential investors.”

    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 (US$53,000) for a stake of on average 20% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

  • 07 Jul 2014

    Tenmou, Bahrain’s First ‘Business Angels’, Make Ground-Breaking Trade Mission to the Heart of Silicon Valley

    Hassan Haider, Chief Executive Officer of Tenmou, Bahrain’s First Business Angels, has recently returned from a ground-breaking visit to the Silicon Valley in the United States of America. During the trade mission, the first for Bahrain’s Business Angels, Mr Haider visited the heart of the investment community and the venture capital of the US, Silicon Valley, to learn and develop ties between the two entrepreneurial communities.

    As part of his visit he was invited to be one of the panellists representing the Middle East at the Angel Capital Association Summit held at San Francisco. The Summit, the largest gathering of angel investors and angel groups in the world, saw Mr Haider speak to over 650 angel investors on Angel Investing as it pertains to the region.

    In addition, Mr Haider delivered a lecture on the state of Angel Investing and the Angel Investing universe in the Middle East and North Africa region (MENA) at Stanford University, California.

    Following the successful visit, Mr Haider commented: “To be able to learn first-hand about business angel networks in the United States, will ensure that Tenmou’s current and prospective entrepreneurs receive the best experience possible. We, at Tenmou are committed to looking for new experiences to broaden our vision and tactics in helping our entrepreneurs.

    “Developing ties between the entrepreneurial communities abroad and highlighting Tenmou’s innovative entrepreneurs to an international audience are in keeping with Tenmou’s vision. Such connections will not only assist our start-ups, but will benefit by gaining experience and knowledge sharing from Business Angel groups around the world, and the US is certainly a good starting point.”

    Alongside Mr Haider, Bahrain’s Economic Development Board’s US Country Manager, Nathan Regan, took part in a number of key business opportunities for Tenmou. During the trade mission, Tenmou toured two of the largest growth houses in California’s Silicon Valley, Plug&Play Solutions and NEST GSV. Their campuses offer young entrepreneurs space and mentoring to help bring new ideas and technology to the market. In addition to these large growth houses, Mr Haider met with TIE, Fenox, Angel List, Bandwith Capital and several other groups, with whom discussions were initiated for the creation of US-Bahrain partnerships and exchanges.

    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 workshops 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 (US$53,000) for a stake of on average 20% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

  • 01 Jun 2014

    FIRST MENA ANGEL INVESTOR SUMMIT ATTRACTS WORLDWIDE ATTENTION

    Tenmou, Bahrain’s first ‘Business Angels’ organisation, opened the inaugural MENA Angel Investors Summit at the Ritz Carlton Hotel on 1st June 2014. In a fast-paced and exciting agenda, more than 100 participants heard opening remarks from His Excellency Kamal bin Ahmed, Minister of Transportation and Acting CE of the Economic Development Board (EDB), strategic partners of the event. His Excellency spoke to more than 25 Angel Investors and 50 entrepreneurs from Bahrain, the Middle East, North Africa, Europe and the US’ Silicon Valley about the importance of small and medium enterprises (SMEs) to global economies. He encouraged participants to use the opportunity offered by the Summit to present their ideas and creations to benefit Bahrain and the region.

    “Bahrain has long been at the centre of entrepreneurship, with its highly skilled workforce and ease of doing business. This annual event will further reinforce Bahrain’s position on the map as the regional centre for entrepreneurship and Angel Investing”, he said.

    Keynote speaker Dave McClure from ‘500 Startups’ in Silicon Valley, shared his experience in matching start-up companies with investors in the US and beyond. The international investors then provided the participants with an overview of what makes start-ups successful, before watching the early stage companies present their ideas to attract investment.

    Later, there was a lively panel discussion on the Way Forward for the MENA Angel Investment scene, which was followed by a tour of Bahrain’s cultural treasures. A dinner was later hosted for participants by the Bahrain Chamber of Commerce and Industry.

    A number of meetings have also been organised for participants, to familiarise them with opportunities available in Bahrain. According to Sami Jalal, Chairman of Tenmou, the concept of angel investing offers an excellent platform for regional and international investors to connect with high-potential innovative entrepreneurs from the region, to share their experience and develop their investment portfolios. “We are very excited to see such a large number of investors and entrepreneurs here. We would like to thank the EDB for their support, and look forward to attracting even more investment into Bahrain and the region at next year’s Summit”, he said. 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 (US$53,000) for a stake of on average 20% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

  • 20 May 2014

    TENMOU GEARS UP TO HOST FIRST MENA ANGEL INVESTOR SUMMIT

    As part of its strategic objectives to develop and bolster the next generation of business leaders, Tenmou, Bahrain’s First ‘Business Angels’ organisation, is gearing up to host the first MENA Angel Investors Summit at the Ritz Carlton Hotel on 1st June 2014.

    The event will be held in strategic partnership with the Economic Development Board (EDB). His Excellency Minister of Transportation and Acting CE of EDB, Kamal Bin Ahmed will inaugurate the summit.

    The concept of angel investing offers an excellent platform for regional and international investors to connect with high-potential innovative entrepreneurs from the region to share experience and develop their investment portfolios. More than 25 angel investors and 50 entrepreneurs from the Middle East, North Africa, Europe and the US’ Silicon Valley are expected to participate in the event.

    Sami Jalal, Chairman of Tenmou, commenting on the announcement said: “We are committed to enhancing the start-up experience for promising ventures, and are thrilled to see so many people with a passion for entrepreneurship on board for the event. I would like to express my gratitude to our strategic partner the Economic Development Board for supporting this exclusive initiative.”

    According to His Excellency Kamal bin Ahmed, Minister of Transportation and Acting CE of EDB, this event provides a great opportunity for start-ups from Bahrain and the region. “Our strategic objective is to support and encourage the development of the right platform for sharing knowledge and experience between both angel investors and venture capitalists. While important national institutions such as the Bahrain Development Bank (BDB) and Tamkeen have developed programmes to improve the availability of finance for local entrepreneurs, events such as the MENA Angel Investor Summit will further enhance the already thriving entrepreneurship ecosystem in Bahrain and will help position the Kingdom as an entrepreneurial hub in the MENA region.”

    Hassan Haider, Chief Executive Officer of Tenmou, said: “Amongst our businesses, we focus on nurturing the entrepreneurial spirit, a key for development and growth. Our focus is on fostering an innovative Bahrain, which has proven to an excellent incubator for new business ideas and ventures. Organising the MENA Angel Investor Summit in partnership with EDB will further bolster this ecosystem and showcase Bahrain’s strengths to major investors from places such as Silicon Valley, Europe and the MENA region.”

    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 (US$53,000) for a stake of on average 20% in each project that meets its criteria, and will provide a three-month mentorship period, including support services, at no cost to the entrepreneurs.

  • 09 Feb 2014

    Tenmou Entrepreneurs Attend Valuable Mentorship Session with Ma’akum Candidates

    Bahraini entrepreneurs supported by Tenmou, Bahrain’s first Business Angels, recently had an exclusive opportunity to attend a mentorship session with a selection of the Ma’akum, a group of sixteen prominent Bahraini businessmen who will be contesting the 28th session of elections for the Bahrain Chamber of Commerce and Industry. The event was organised by Tenmou in partnership with Ma’akum and was held at the Crowne Plaza Hotel.

    The event kicked off with an opening note from candidate Mohammed Almoayyed, after which 8 of the candidates each shared their start-up and success stories, touching along some heartwarming anecdotes and key advice about hardships along the way.

    Mr. Almoayyed stressed on the importance of going back to basics saying: “Simplify things, the best ideas are the simplest”.

    Many of the candidates including Khalid Al Amin highlighted how the motivation to break out of the family business truly fuelled his fire to be successful. “Networking is very important”, he said. “If you can help someone, do it. You never know when it could come back to you”. The candidates also advised the entrepreneurs on how they might gain competitive edge through strategic innovation, and dedication to their craft. “Always have a plan B and C” said Deema Al Haddad. “You should be passionate about your business but remember to be realistic also”. Jawad Al Hawaj emphasized on the old adage of the early bird catching the worm, noting “I have been coming to the office one hour before my secretary for 25 years”. Ali Hasan Mahmood highlighted the struggles he faced building a reputable brand, and noted the importance his education played in arming him with the right tools. “The backbone of any successful individual (and therefore entrepreneurial venture) is a good education”, he said. After divulging an amusing and inspiring tale on his venture into the furniture industry, Abdulhamid Kooheji noted “Honesty and dedication to your customers is very important – but trust in yourself and your abilities are equally important”.

    The session was followed by a dynamic Q&A session, where the Tenmou participants received valuable insight and presented some of their prominent business challenges to the candidates who advised them on how to take risks and adapt readily to market situations.

    Commenting on the mentorship session Hasan Haider, CEO of Tenmou said: “At Tenmou, we are proud to have our entrepreneurs trained by the Ma’akum candidates, who have a wealth of knowledge and experience in leading successful business establishments, which can benefit our start-ups. Mentorship sessions such as this will help build relationships with the Chamber of Commerce and Industry; an important partner in the long-term strengthening of their businesses. We believe they are the right candidates to see change and support for entrepreneurship in Bahrain and we encourage entrepreneurs and small and medium enterprises (SMEs) to choose them as our business leaders.”

    Tenmou, as part of its long-term strategic plan, supports entrepreneurs with valuable business assistance, including financial investment, mentorship as well as advice and guidance. Tenmou recognizes that for many entrepreneurs, mentorship programmes can be as valuable as financial investments and effectively reduce many of the hurdles of being an early phase investor. Each project receives practical advice and training from the company’s board members, who bring with them a wealth of business experience.

  • 29 Jan 2014

    Tenmou Announces Newest Batch of Bahraini Entrepreneurs

    As part of its strategic objectives to develop and bolster the next generation of Bahraini business leaders, Tenmou, the Kingdom’s First ‘Business Angels’ today announced its latest batch of Bahraini entrepreneurs who have received an investment boost to commence business. Mr. Sami Jalal, the Chairman of Tenmou, introduced the entrepreneurs to the local media during an exclusive meet and greet session held at the Crowne Plaza Hotel.

    The tech savvy start-ups in the latest batch include: uTrack, the Kingdom’s first company to provide a unique way of covering sports events, such as car, bike and horse races using go-Pro cameras, the world’s most versatile cameras. Spades Studio, the first multi-use photography studio in Bahrain where products such as cars and furniture can be photographed. The studio will also provide a ‘members only’ space for hiring cutting-edge equipment and studio space.

     

    Onebox Solution, aims to enhance education tools for teachers and students, by converting books into e-books; Eat: is an app which makes dining at 5-star restaurants in Bahrain more accessible, through an online reservation system. Finally Fish Transporter: provides a unique service for fish lovers. The app enables customers to have fresh seafood delivered to their doorstep. The fish is cleaned, filleted or even cooked and delivered as per the need of the consumer.

     

    Sami Jalal, Chairman of Tenmou, commenting on the announcement said: “Continuing with our pledge to enhance the start-up experience for promising Bahraini ventures, we at Tenmou are excited to see a new crop of digital businesses being established in the Kingdom. These companies are part of our country’s promising digital sector and will be paving the way for many more’.

  • 04 Jun 2013

    Our First batch of Entrepreneurs

    Tenmou is Bahrain´s first Business Angels Company, which provides both mentorship and capital to high-potential, innovative Bahraini entrepreneurs from the seed stage. Through the support and mentorship provided by our Angel shareholders, all of whom are established businessmen and successful entrepreneurs in their own right, we look to give these new entrepreneurs the greatest chance of success. Business Angels are

    Tenmou is Bahrain´s first Business Angels Company, which provides both mentorship and capital to high-potential, innovative Bahraini entrepreneurs from the seed stage. Through the support and mentorship provided by our Angel shareholders, all of whom are established businessmen and successful entrepreneurs in their own right, we look to give these new entrepreneurs the greatest chance of success. Business Angels are

  • 19 Apr 2012

    Tenmou launches 1st MENA Angel Investors Conference

    Tenmou, Bahrain’s first business angel company is hosting the very first MENA Angel Investors Conference at The Ritz- Carlton Hotel on 19th April 2012. The conference will focus on an exchange of experiences in seed and early stage investments between the MENA region and the rest of the world. The conference will comprise a number of presentations including a review of international case studies form France and Germany.

    The conference is a one of a kind in the region and will enable angel investors and venture capitalists from Bahrain and around the MENA region including Jordan, Egypt and Saudi Arabia to be involved in panel-based discussions. Additionally, companies from around the region will be pitching for funding.

    Tenmou provides mentorship and capital investment to the next generation of high-potential, innovative Bahraini entrepreneurs from the seed stage through a number of locally established businessmen and successful entrepreneurs. So far, Tenmou has assisted four innovative start-up businesses to make their ideas a reality.

    CEO, Hasan Haider comments “We are delighted to be taking the lead in hosting the first MENA Angel Investors Conference here in Bahrain, and it’s in no small measure thanks to our conference’s strategic partners EDB and Tamkeen for their sponsorship of this worthwhile initiative. It is a privilege to spread awareness in the region on the potential of entrepreneurship and to give the next generation opportunities for success. We are proud of this initiative and to be aligning ourselves with one of the goals of the Bahrain Economic Vision 2030, namely to increase the diversity of careers throughout the Kingdom.”

    The ambition is that the conference will be a rewarding experience for all and act as a catalyst for further business learning and initiatives.    
    -Ends-

    About Tenmou

    Tenmou (www.tenmou.me) is the only entity in Bahrain that provides seed stage funding to entrepreneurs in a non-loan/non-credit form. Tenmou will own a percentage of shares in the start-up companies while the young entrepreneurs will own the rest of the shares.

    There will be a three-month mentorship period for each project and an average investment of BD 20,000 (over US$ 50,000), excluding the additional services and advice from Tenmou and Tenmou partners, which will incur no additional cost.

    The unique aspect of Tenmou is this mentorship programme that will involve some of Bahrain’s top and most experienced CEOs and entrepreneurs, who will deliver key sessions.
    Unlike several similar organisations that support start-up growth, Tenmou believes that its main differentiating factor is its understanding of entrepreneurs, as well as the unique private sector approach and willingness to take a risk.

  • 07 Sep 2011

    Tenmou partners sign mentorship and investment development MOU

    Bahrain's first Business Angels' company, Tenmou, announced the finalization of the first major step since its launch with an initial start-up capital of $2.7m. Partners and supporters including Economic Development Board (EDB), Bahrain Development Bank (BDB), ALBA, Unisono, BDO Jawad Habib, 4SPOTS, Ernst and Young, and the Capital Club.

    The EDB is a key supporter and has encouraged the inception of Tenmou and will continue to assist its ongoing development. The BDB and ALBA have joined as Tenmou's strategic partners, while the Bahrain Development Bank has invested 20% of the capital of Tenmou, as well as providing an office venue and expert support such as advisory services and market knowledge.

    In addition to being a strategic partner, ALBA has invested 10% of the capital of the company, and will be supporting the organization through advice and networking assistance.

    The other strategic partners will be engaged in providing specialist consultation and services to Tenmou and the entrepreneurs selected for the program to enhance success potential.

    Unisono, the award winning integrated communications agency is named as Tenmou's official communications partner. Unisono will be providing consultancy for both Tenmou and the entrepreneurial candidates, advising on all areas of communication, notably branding, design and PR. The focus will be on raising the image and profile of Tenmou and the new businesses, as well as helping position Bahrain as an emerging centre for entrepreneurialism.

    4SPOTS a leading independent interactive agency within the Middle East, will support entrepreneurs funded by Tenmou and provide key consultancy to promote their initiatives using social media, websites, mobile apps including iPhones/iPads apps and other interactive avenues. The agency will also provide insight into latest trends online and methods to leverage off this medium, strengthening their brand's performance.

    On the business consultancy side, BDO Jawad Habib will be providing advisory to the entrepreneurs on developing best practice HR and Business Models, utilizing the latest trends and knowledge from the global professional consultancy. The business consultancy aspect will be further supported by Ernst and Young who will be consulting on business structuring and advising entrepreneurs how to raise further funds.

    In addition to the expert business and marketing consultancy, the Capital Club will be the venue for Tenmou's interviews, presentations and the selection sessions, as well as hosting the mentorship program and other events held by Tenmou.

    Haider said, "Our partners are a mix of well-established entrepreneurs and industry names, they have a keen interest in supporting the development of Bahraini entrepreneurs through their professional consultancy and advice. We hope that through working with these partners, we can develop a strong foundation for an entrepreneurial community in Bahrain and positively influence the local economy."

    "We are in the process of increasing our partnership networks locally and internationally in order to strengthen the development of entrepreneurship in Bahrain," Haider added.