How to apply for government support programs for startups in Bahrain

Bahrain offers a range of government-backed programs to support startups through funding, training, and advisory services. Programs like Tamkeen, the Bahrain Development Bank (BDB), and the Economic Development Board (EDB) provide financial assistance, business support, and incentives to help startups scale. Here’s a step-by-step guide on how to apply for these programs.

1. Key Government Support Programs for Startups

• Tamkeen: Tamkeen is Bahrain’s leading startup support organization, offering funding, training, and business development incentives.
  • Programs Offered:
    • Startup Support Program – Provides co-financing for business setup costs.
    • SME Development Program – Grants for business expansion, training, and technology adoption.
    • Wage Support Program – Covers a portion of Bahraini employee salaries.
    • Digital Transformation Grant – Supports startups investing in digital solutions and cybersecurity.

• • Eligibility Requirements:
    • Must be a registered business in Bahrain.
    • Demonstrate financial viability and growth potential.
  • How to Apply:
    • Register on Tamkeen’s online portal: www.tamkeen.bh
    • Submit required business documents (CR, financials, business plan).
    • Attend an advisory session if required.

• Economic Development Board (EDB): The EDB helps startups establish and expand in Bahrain by offering guidance, incentives, and networking opportunities.
  • Programs Offered:
    • Investment Facilitation – Assistance in business registration and regulatory processes.
    • Market Entry Support – Helps connect startups with industry partners.
    • Startup Visa Program – Provides residency for entrepreneurs setting up businesses in Bahrain.

• • Eligibility Requirements:
    • Focus on innovative, high-growth industries.
    • Strong business model with potential regional impact.
  • How to Apply:
    • Contact the EDB at: www.bahrainedb.com
    • Submit your business plan and investment requirements.

2. Steps to Apply for Government Startup Support

• Determine Eligibility:
  • Identify which program suits your startup’s stage and sector.
• Prepare Required Documents:
  • Commercial Registration (CR)
  • Business Plan & Financial Forecasts
  • Founders’ Identification Documents
• Register on the Relevant Portal:
  • Tamkeen: www.tamkeen.bh
  • BDB: www.bdb-bh.com
  • EDB: www.bahrainedb.com
• Submit Your Application & Attend Advisory Sessions:
  • Some programs require participation in workshops, mentorship sessions, or pitch evaluations.
• Receive Approval & Funding Support:
  • Processing times vary, with approvals typically taking 2-6 weeks.

3. Additional Support & Networking Opportunities

Startups can also benefit from other ecosystem enablers:

• Flat6Labs Bahrain – Provides seed funding and accelerator support.
• Bahrain FinTech Bay – Supports FinTech startups with mentorship and funding.
• Bahrain Chamber of Commerce – Helps startups with market expansion.

Bahrain’s startup-friendly government initiatives provide financial assistance, training, and business development support, making it easier for entrepreneurs to launch and scale their ventures. By leveraging these programs, startups can reduce operational costs, gain access to funding, and integrate into Bahrain’s growing business ecosystem.

For startups looking to maximize growth opportunities, applying for Tamkeen, BDB, and EDB programs is a crucial step towards long-term success.