Bahrain Bourse, Flat6labs sign agreement

Bahrain Bourse and Flat6labs today signed a cooperation agreement towards joint action in the field of developing an entrepreneurship culture in Bahrain, specifically in relation to Bahrain Bourse’s recently announced Bahrain Investment Market. 
The MoU was signed by Sh. Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, Mrs. Sabah Al Moayed, Chairperson of Flat6Labs Bahrain and Mr. Hany El-Sonbaty, Co-Founder of Flat6Labs at BHB’s premises during which Mr. Hany El-Sonbaty rang the bell to commence Tuesday’s trading session. 
Under the agreement, both entities will work together to strengthen and facilitate the development of an ecosystem for growth of companies within Bahrain. 
Bahrain Bourse (BHB), through its Bahrain Investment Market, understands the needs of a holistic Ecosystem for entrepreneurs to thrive with accelerator programs such as Flat6Labs, hereby facilitating the growth of entrepreneurs and the high impact they will have on the economic growth of the Kingdom of Bahrain. The Ecosystem will also enable entrepreneurs to benefit from Industry experts in the form of boot camps, mentoring and training. 
It is worth mentioning that BIM is one of the initiatives launched by the Bourse to meet the financing requirements of the companies. The launch of the BIM goes in line with the role played by Bahrain Bourse to enhance the Kingdom of Bahrain’s efforts in supporting the SMEs sector in a way that will contribute to the economic growth of Bahrain in order to create more job opportunities for the citizens, create wealth, and increase productivity. 
Flat6Labs is a regional startup accelerator program that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas. They provide seed funding, strategic mentorship, a creative workspace, a multitude of perks, entrepreneurship-focused business training, and directly support our startups through an expansive network of partner entities, mentors and investors. They create an environment where companies are able to grow their business multiple folds in a short period of time.

Source: BNA