JBM partners with in5 to help mentor startups



The strategic partnership valid until the end of May 2020 between the two entities

Jupiter Business Mentors (JBM), a home-grown UAE-based mentorship platform has announced its partnership with in5, an enabling platform for entrepreneurs and startups fostering innovation, to support with the right mentoring to help them avoid mistakes and overcome difficulties setting up and growing their businesses.

The outbreak of coronavirus has had a detrimental effect on many startups, small and medium-sized businesses (SMEs), leading to a bleak outlook and a domino effect in the upcoming months.

A recent poll revealed that one in five business owners believe climate change and natural disasters pose a threat to their business, but sadly a staggering 77% of them do not have a natural disaster plan in place. The ripple effect of this could mean that as many as 40% of small businesses will never reopen their doors following major natural disasters such as this.

Experienced mentors are known to be the secret weapons of successful startups. The partnership with in5 startup incubator aims to help these business owners with access to experienced executives and industry experts from various areas of business to address specific issues faced by them in running their operations or to help them transform their processes to serve the current customers’ needs better.

The strategic partnership valid until the end of May 2020 between the two entities aimed at supporting the entrepreneurial ecosystem and allows business owners to book 6 free mentoring sessions of 15 minutes each with 6 different mentors or 3 free sessions of 30 minutes each with 3 different mentors of their choice to get practical and confidential business advice on matters related to new business setup, new venture opportunities, strategy development, legal advisory, financial consulting and data analysis, market intelligence and regulatory compliance, HR, marketing and sales strategies amongst many others. In addition, in5 members will also receive a 10% discount on all services offered by JBM through its platform. The mentors on the platform have immense entrepreneurial business experience and are equipped to understand the nuances of a pre-startup, a startup or a matured business.

Renuka Gunjahalli, founder, Jupiter Business Mentors, said: “We are happy to partner with in5 with an aim to enhance the entrepreneurial journey of many business owners during this time. Business mentorship will allow these individuals to understand the potential roadblocks and find practical solutions to complex business challenges for business continuation.”

Due to the outbreak of Covid-19 and the measure of social distancing it has spawned, JBM acts as the only platform in the UAE and Middle East region fully integrated with the voice, video and live-chat options, making it easier, faster, and cost-effective for entrepreneurs to connect with experts in real-time through the online platform instead of deferring or delaying their problems.

During the course of this partnership, JBM will also conduct informative educational webinars on various topics such as addressing crisis intervention, business continuity planning, risk management, data privacy, crisis communications and more.

Mentees looking forward to avail the free sessions can download the mobile app available on both IOS and Google Play and book the service they require.

Saudi Arabia saw a record amount of startup funding and deals in 2019 and continues to grow as one of MENA's thriving startup ecosystems. Find out more details on how it is getting there in our new 2019 Saudi Arabia Venture Investment Report HERE

Source: zawya.com