Bahrain FinTech Bay (BFB) has announced its partnership with the US State Department’s Middle East Partnership Initiative (Mepi).
Mepi is a programme focused on emerging opportunities for citizens and organisations, to launch a virtual acceleration programme called ‘Build for Bahrain’.
The ‘Build for Bahrain’, programme aims to drive rapid innovation to develop solutions to challenges in health and business continuity to support economic recovery on a national scale and future proof Bahrain’s digital economy.
The programme invites innovators and entrepreneurs to develop locally designed solutions to solve challenges by utilising technology and innovative approaches.
Up to 20 tech-powered ideas will be chosen to pitch and shortlisted teams will receive incubation at Bahrain FinTech Bay (BFB), and mentorship by leading industry experts. The next phase of the programme will be focused on the development of the teams’ MVPs (minimum viable product) culminating in a demo day.
Three winning teams of the Demo Day will receive funding to further fully develop their solutions, as well as follow on incubation at Bahrain FinTech Bay (BFB). Winners will also secure places in one of the FinTech Consortium Institute's training programmes, a centre of excellence in FinTech education, led by renowned US academic institutions.
“We are proud to be launching this first of its kind programme in the Kingdom of Bahrain with our partners at the US Department of State Middle East Partnership Initiative and we believe tangible cross border collaboration will pave theway for future impactful projects. ‘Build for Bahrain’ is one of several programmes introduced by Bahrain FinTech Bay’s ‘Innovate for Bahrain’ initiative which aims to accelerate economic recovery, health, and prosperity and as an outcome crystalise the kingdom’s long-term commitment to innovation,” said Khalid Dannish, CEO of Bahrain FinTech Bay. -- Tradearabia News Service