Bahrain Named Among Top Ecosystems For Female Start-Ups

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Bahrain is one of the top 10 startup ecosystems with the largest share of female founders, according to the 2019 Global Startup Ecosystem Report (GSER), launched at the recent TNW conference in Amsterdam.

The report, produced by StartUp Genome in partnership with the Global Entrepreneurship Congress, showed that with 18% of its start-ups founded by women, Bahrain topped even Silicon Valley (16%) and London (15%).

The report also lauded Bahrain as one of the top 10 ecosystems to watch in FinTech in Europe and the Middle East and a top 15 ecosystem for the affordability of qualified talent worldwide.

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According to Janahi, more than 59% of women have been served as part of Tamkeen’s microfinance support, while more than 50% were served within the business development program, which offers a co-financing service to cover 50% of business equipment.

Leading female Bahraini startup founders include Hala Sulaiman and Ameera AlQubaiti, co-founders of Alrawi, a successful audiobook startup and Pitch@Palace Global 3.0 People’s Choice 2018 winner.

Furthermore, Bahrain’s Al Waha Fund of Funds, a $100 million fund set up by the Bahrain Development Bank, has an all-female leadership.

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