Tamkeen launches new Cloud Innovation Centers in collaboration with AWS, University of Bahrain and Bahrain Polytechnic The Labor Fund “Tamkeen” today announced the launch of two Cloud Innovation Centers (CICs) in collaboration with Amazon Web Services (AWS), University of Bahrain (UoB), and Bahrain Polytechnic (BP).
Al Salam Bank and China's MSA Capital launch $50 million regional venture fund The Al Salam-MSA Bahrain Fund I, better known as MEC Ventures, will use MSA's expertise gained through its Chinese portfolio in industries such as healthcare big data, electric vehicles, food delivery and ride-hailing, and introduce some of the practices developed at these companies into local entities run by experienced entrepreneurs, the lender said.
Flat6Labs Portfolio Raises USD$1,000,000 in Follow-On In strategic partnership with Tamkeen, Flat6Labs Bahrain aims to foster a dynamic and sustainable entrepreneurship environment and investment vehicle, support job creation, and help position Bahrain as an innovation leader in the Gulf and MENA region at large.
Bahrain based Software-as-a-Service (SaaS) mobile platform SINC raises $250,000 in pre-seed funding SINC, a Bahrain based Software-as-a-Service (SaaS) mobile platform, has raised $250,000 in a pre-seed funding round led by Dubai Angel Investors and other regional angel investors. The funds will be used in the short-term to expand SINC’s development team.
Bahrain’s Investcorp raising up to $300m for maiden India fund Bahrain’s alternative asset manager Investcorp, which entered the Indian market last year through the acquisition of the private equity (PE) and real estate funds businesses of IDFC Alternatives Ltd, has started raising its maiden fund for the Indian market, according to three people aware of the development.