Report reveals that Bahrain is among the top 10 ecosystems with largest share of female founders and top 15 in terms of availability of qualified talent

MAGNiTT News 1 year ago - Mon, May 13, 2019, 8:58 AM

Report reveals that Bahrain is among the top 10 ecosystems with largest share of female founders and top 15 in terms of availability of qualified talent
Author: MAGNiTT

By Zawya

SOURCE: Report reveals that Bahrain is among the top 10 ecosystems with largest share of female founders and top 15 in terms of availability of qualified talent


The Labour Fund “Tamkeen”: —  The 2019 Global Startup Ecosystem Report (GSER) has launched today at The Next Web Conference. The GSER is the world’s most comprehensive and widely-read research on startups based on data from thousands of startup founders and research on millions of companies.

Tamkeen engaged Startup Genome to benchmark Bahrain against more than 50 ecosystems globally in 2019’s GSER. Bahrain’s #GSER2019 highlights:

- Bahrain, a top 10 ecosystems with largest share of female founders

- Top 15 Global Ecosystem for availability of qualified talent

- Created $594m in Ecosystem Value

- Wage support and a liberal tax regime are cited as reasons a startup should move to Bahrain

- Regional sub-sector strength in Fintech

Featuring new and exclusive content, the 2019 GSER provides insights and guidance to public and private leaders in dozens of countries and cities — from Bahrain to New Zealand— about how to cultivate vibrant startup ecosystems. The report outlines key success factors for startups, constituting the new science for entrepreneurial ecosystem development.

Bahrain was, also, highlighted among the top performing ecosystems among countries from Europe and the Middle East to look out for in terms of FinTech.

Commenting on this, Tamkeen Chief Executive Dr Ebrahim Mohammed Janahi praised Bahrain’s global achievements in demonstrating a supportive startup ecosystem.

“The Kingdom of Bahrain offers extensive opportunities for startups and showcases many success stories as a unique model of starup ecosystem that focuses on supporting both human and business development as well as promoting investment opportunities within the country”, Dr Janahi said.

“The GSER report is the world’s most comprehensive and practical research on startup success and ecosystem performance. It is a well based opportunity to stress Bahrain’s global performance in the startup ecosystem and the role the Kingdom has played in promoting and facilitating a fast-growing ecosystem in line with Kingdom’s leadership promising vision for a sustainable economic development”, he added.

“As our economies transition to the fourth industrial revolution, we — communities driving the global startup revolution — have a major role to play,” said JF Gauthier, Founder and CEO of Startup Genome. “Not only can startup ecosystems act as the top engine of job creation and economic growth, but our startups can also help solve many of our society’s biggest challenges including climate change and inequality.”

Find out how more than 50 entrepreneurial ecosystems across the world stack up and download the full report here: https://startupgenome.com/gser2019


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