MANAMA, BAHRAIN

MENA - HARDWARE & IOT
Overview

Twice a year, we run a 16 week MENA Hardware & IoT Accelerator Program in Manama, Bahrain. The program aims to support early stage connected hardware startups in developing a viable business around their product, and ensuring the technical feasibility, financial viability and market desirability of their products.

In the world of IoT, wherever you look there are use cases waiting to be addressed. The spectrum of game changing innovations is endless. As part of our belief in supporting impact driven IoT startups and scaleups, we developed a program that helps your IoT venture realize its potential, de-risk our investment dollars, and determine your growth trajectory. We provide you with a network of global mentors that can accelerate your product development, market access, geographical expansion, business development, and fundraising.

We believe that connected devices will transform elemental sectors of our economy such as energy, logistics, manufacturing, smart cities, health, and education, and will impact all aspects of our lives. We believe that unlocking information about our bodies, homes, offices, cities, food supply, and beyond, can profoundly improve the world that we live in.

Our Offer

Receive up to $60,000 USD in exchange for 8 – 14% equity of your startup.

In addition to funding, we provide mentorship, investor networking, a customized curriculum, technical onsite training, market connections, business development meetings, an international startup perks package, and on-going support to help get the early stages of your startup set up correctly and grow effectively.

Investment Verticals

  • Agriculture
  • Consumer
  • EnergyTech
  • GovTech
  • HealthTech
  • Industry 4.0
  • Inspection
  • Logistics
  • Manufacturing
  • MedTech
  • PropTech
  • Robotics
  • Smart City

Application Requirements

  • We invest in international startups. Startups do not have to be based in the program’s location.
  • Startups that have developed a product that fits within one of our Hardware & IoT investment verticals.
  • Must have a working prototype or show technical capabilities of being able to produce the product. Program is also suitable for startups in the early revenue generation phase.
  • At least 2 full time co-founders with relevant industry experience.
  • Scalable business model with high growth potential.

Program Requirements

Startups successfully accepted into our accelerator program will need to:

  • Be present in Bahrain for 7 weeks of the program for on-site training. The other 9 weeks of the program can be done remotely.

Why Bahrain?

  • Providing access to Gulf Cooperation Council economy with a market size of over USD 1.5 tn.
  • Zero corporate tax, lower rent than the wider region.
  • Zero-rated VAT on exports, 0% customs duty on raw materials & plant machinery.
  • Decision makers and corporates are easily accessible via program partners; Startup Bahrain and Bahrain’s Labor Fund Tamkeen.
  • Access to government procurement with 20% allocation for SMEs.
  • Engage with Export Bahrain, an export support entity to help you go global.

Ready to apply?

Applications are currently closed. Complete the interest form below to get notified when our applications open for Spring 2022!

Mix business with purpose

We create value for our portfolio companies and our ecosystem partners by facilitating mutually beneficial partnerships.

Our Tools

Having a hard time finding good and reliable resources? We are here to help you jumpstart your business, and to support our portfolio teams and the global community of founders. Give our FREE tools a try!

Brinc Cash Flow Tool

Our Cash Flow Tool is custom made to help founders start their business on a solid commercial foundation. We’ve fused the best parts of working financial models for startups with over a century of expertise with working with manufacturers and startups.

Please fill out the form to the right to get access to our Cash Flow Tool.