Applications Open for Bahrain's RAISE Program Cohort 9
Applications are officially open for Cohort 9 of the "RAISE" program in Bahrain, designed specifically to equip startup founders with the essential skills and knowledge needed to successfully attract investment. This initiative aims to bridge the gap between promising startups and potential investors by focusing on crucial fundraising elements.
Key Details
The RAISE program, organized by Rowad (SME Development Society), is tailored for Bahraini and resident startup founders looking to enhance their capabilities in securing funding. The program's core objective is to make startups investment-ready through intensive training and mentorship.
Key areas covered include:
Developing effective fundraising strategies.
Understanding company valuation methods.
Navigating term sheets and legal documentation.
Mastering pitching techniques for investors.
Building robust financial models.
Networking opportunities with potential investors and industry experts.
The program emphasizes practical learning and aims to refine each participant's investment proposal and pitch deck, ensuring they are compelling and address investor expectations.
Implications for Founders
For startup founders in Bahrain and the wider MENA region looking to scale, programs like RAISE are critical. Securing investment is often a major hurdle, and understanding the intricacies of the fundraising process is paramount. By participating in Cohort 9, founders gain:
Structured Guidance: Access to expert knowledge on complex financial and legal aspects of investment.
Credibility: The program structure and mentorship can help validate a startup's readiness for external funding.
Networking: Connections with a cohort of peers facing similar challenges and potential investors.
Refined Pitch: The opportunity to hone their investment pitch through feedback and practice.
This initiative directly supports the growth of the startup ecosystem in Bahrain by increasing the pool of fundable companies.
About Rowad (SME Development Society)
Rowad (SME Development Society) is an organization focused on supporting the growth and development of small and medium-sized enterprises (SMEs) and startups. By organizing initiatives like the RAISE program, they contribute to building a stronger entrepreneurial ecosystem, providing founders with resources and training necessary for sustainable growth and access to finance. Their efforts align with national strategies to boost innovation and economic diversification.
Looking Ahead
With applications now open, interested founders in Bahrain are encouraged to apply for Cohort 9 of the RAISE program. Successful applicants will embark on a journey designed to significantly improve their chances of securing investment, ultimately paving the way for their startup's expansion and impact within the region. The program represents a continued commitment to fostering a vibrant and well-supported startup community.
Source: Startup Bahrain