All you budding Bahraini entrepreneurs out there harboring big dreams in the realm of financial technologies, the time is now to grab on to one of the biggest opportunities you’ll have this year.
Bahrain FinTech Bay (BFB), the first-of-its-kind FinTech hub in MENA, has kick-started the application process for its flagship “BFB Acceleration Program.” More precisely, the application window opened on January 15, 2020, and will continue accepting new entries for the program till March 15, 2020.
Startups belonging to any of the following industries and sectors will be considered for the program: Blockchain & Cryptocurrency, Cybersecurity and Data Science, Digital and Open Banking, Financial Health and Inclusion, InsurTech, Payments and Remittances, RegTech, and WealthTech.
To be eligible for the program, your FinTech startup must have at least a product prototype, or an early proof-of-concept (PoC). Other eligibility criteria include:
- A clear product development and execution roadmap.
- A ready-to-go business plan and pitch deck.
- Founders and management team must have a balance of technical background and some business experience
- More importantly, any overseas applicant must be prepared to relocate to Bahrain for at least 8 weeks during the 12-week long program.
The program will kick off on May 1, 2020, and will aim at empowering the shortlisted startups with various business organizations and planning tools. There will be special training and mentoring activities for legal and organizational matters, branding, business planning, marketing and PR, analytics, as well as management and governance.
The Demo Day and graduation day has been scheduled for July 29, 2020. For more details, visit the official FinTech Bay Acceleration Program here.