Tamkeen launches the Open Innovation Program with the aim of encouraging institutions to adopt innovative solutions

In cooperation with emerging, small and medium enterprises.

Based on its commitment to promoting innovation in the local market and with the aim of encouraging emerging, small and medium enterprises to innovate, research and develop, the Labor Fund “Tamkeen” announced the signing of a partnership agreement with “BRINK” to launch the Open Innovation Programme, as the program will contribute to helping large enterprises address the challenges they face. By benefiting from the innovative solutions provided by emerging, small and medium enterprises.

In its first edition, the program aims to focus on leading Bahraini companies in the manufacturing, financial services and communications sectors, where the most prominent challenges facing these institutions will be assessed, then linked to emerging or small and medium enterprises with the aim of working to develop solutions that contribute to overcoming these challenges.

On this occasion, Her Excellency Mrs. Maha Abdul Hamid Mafeez, CEO of the Labor Fund “Tamkeen”, said that this program complements Tamkeen’s other efforts in enhancing the business environment in the Kingdom of Bahrain, which is one of the strategic priorities for this year, as building bridges of communication between major and leading companies in Various fields, and emerging, small and medium enterprises that have the ability to create quality and efficient support solutions, which enhances the opportunities for constructive partnerships between these institutions and increases the opportunities for growth and development of emerging, small and medium enterprises, while providing large companies with the opportunity to obtain… It obtains specialized solutions that suit its needs and develop its operations and productivity.

On this occasion, Mr. Yassin Abu Dawoud, Chief Development Officer and Managing Partner of BRINK Middle East and North Africa, said: “At BRINK, we are proud to be at the forefront in promoting institutional innovation and enabling small and medium-sized companies to transform their ideas into solutions that contribute effectively to enriching solutions.” Asked. Our partnership in the Open Innovation Program and Brink’s appointment as an Innovation Partner by Tamkeen are evidence of our shared commitment to driving innovation in Bahrain and the Gulf region.

Tamkeen’s open innovation program opens new horizons for achieving sustainable partnerships between the needs of major leading companies in vital sectors of the economy and the capabilities of entrepreneurs in providing innovative, creative solutions to them. We express our deep gratitude to Tamkeen for its confidence in BRINK as an “innovation partner” for this pioneering program. We affirm our commitment to achieving the objectives of the program by managing all mechanisms related to it, while ensuring the development of a long-term relationship between small and medium enterprises and large companies.”

This cooperation will contribute to stimulating emerging, small and medium-sized enterprises that have at least a year of experience in developing technological solutions and new, more efficient and sustainable services, which contributes to enhancing the performance of major enterprises, while providing the opportunity for these enterprises to expand their customer base and reach business agreements with major enterprises. Tamkeen will provide support during the initial solutions development phase for the projects.

Emerging, small and medium enterprises can register their desire to participate in this challenge via the website, and they will be contacted later.

This announcement comes in line with Tamkeen’s strategic priorities for the year 2024, which are based on three main axes, which are raising the rate of integration of Bahrainis into the labor market by creating qualitative employment opportunities, especially for new entrants, in addition to expanding support for the career development of Bahrainis working in the private sector, and developing… The private sector by supporting institutions, raising productivity, and employing technology, which contributes to enhancing economic impact and sustainable growth.