Fajer Saleh Al Pachachi, General Manager of Hope Ventures, presents the entrepreneurship reality TV show Beban
Beban, an entrepreneurship-themed reality TV show produced by Bahrain-based Hope Ventures, Hope Fund's investment arm, brings an entertainment element to Beban Middle East, an entrepreneurship-themed reality TV show produced by Bahrain-based Hope Ventures, is an entertainment element to traditional equity investing while strengthening the region’s entrepreneurship ecosystem. The show has so far featured 62 contestants from Bahrain and the United Arab Emirates, and has raised over $6.26 million in investment from 30 companies. It also features Beban Crowdfunding, a stock-based crowdfunding platform that allows viewers to invest in real-time opportunities offered on the show. Hope Ventures conducts a rigorous entrepreneur selection process, where they screen all applications and select a certain number of entrepreneurs to attend an intensive training boot camp to develop finances and develop other skills before being shortlisted to appear on the Show. The aim of the show is to expand the region to different countries and create a platform with a high-quality investment platform.
公開済み : 2年前 沿って Kerry Williams の Entertainment Business
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Beban, an entrepreneurship-themed reality TV show produced by Bahrain-based Hope Ventures, Hope Fund’s investment arm, brings an entertainment element to traditional equity investing while strengthening the region’s entrepreneurship ecosystem.
When asked about the reasons for establishing Beban, Fajer Saleh Al Pachachi, General Manager of Hope Ventures, points out that their company is a fund established by royal decree from His Majesty King Hamad bin Isa Al Khalifa of Bahrain became. which aims to promote entrepreneurship in the country. Therefore, the Hope team considered innovative ways to not only find and facilitate co-investments in increasingly promising companies, but also to inspire and empower more startup success stories.
Because of this, Fajer explains that Beban was created with a few goals in mind. “We wanted to shed light on deserving entrepreneurs to inspire the pursuit of entrepreneurship as a viable career path, facilitate opportunities to co-invest in promising companies and empower them to write their success stories,” she notes. “And finally, fostering public-private partnerships as the private sector has the capital, expertise and networks to strategically accelerate business growth and expand beyond local borders in the region and around the world.”
Beban launched in February 2022 and has aired two seasons so far. The show is a regional investment platform where entrepreneurs can apply for capital investments, but they also receive intensive training, mentoring sessions with industry specialists and regional exposure to accelerate their success.
This year, Beban’s second season aired on Bahrain TV, AlRai TV and Dubai TV and was also available on video-on-demand platform Shahid. Applications from Bahrain and UAE surpassed 600 as Beban Season 2 expanded to UAE in collaboration with UAE Ministry of Economy and The Entrepreneurial Nation. Across both seasons combined, the show has so far featured 62 contestants from Bahrain and the United Arab Emirates.
Al Pachachi adds that one of the recent additions to the show is Beban Crowdfunding, a stock-based crowdfunding platform that allows viewers to invest in real-time opportunities offered on the show. “The launch of Beban Crowdfunding makes the Beban TV show the world’s first interactive reality TV show with a crowdfunding element,” she adds.
The show itself raised over $6.26 million in investment from 30 companies, with show partners and panelists offering over $320,000 in business benefits through their networks. The top three co-investments made at the show so far include YAS Holdings, which raised $1.3 million from Hope Ventures and Infracorp, GFH’s social infrastructure arm; LogiTech startup Parcel raises $1 million through a co-investment by Saudi Arabia’s first tech unicorn Jahez and ex-Carriage co-founder and current founder of Kuwait-based Cari, Abdulla Almutawa, along with Hope Ventures; and finally, edtech startup Lumofy, raising $500,000 from JEO Capital Management, two Saudi angel investors and Hope Ventures.
Al Pachachi points out that Beban has a rigorous entrepreneur selection process, conducted by Hope Ventures, where they screen all applications and then select a certain number of entrepreneurs to attend an intensive training boot camp to develop finances to practice pitching in Arabic and strategize their expansion plans and develop other skills before being shortlisted to appear on the show. Speaking of investments, Al Pachachi says, “As the show aims to highlight promising opportunities across the region, at Hope we match investment opportunities with strategic investors who can accelerate entrepreneurs’ growth into new markets by leveraging their on-site -Influencers use know-how, expertise and networks in their home markets.”
She adds that matchmaking investors and startups is actually at the core of what Hope Ventures does. “Because we know how large and cumbersome fundraising can be for both entrepreneurs and investors, at Hope, through the Beban TV show and crowdfunding platform, we make the process easier for founders while facilitating access to a huge pool of promising Opportunities for the investors, keeping in mind the strategic element,” she says. “Today, businesses must adhere to different regulations and understand different requirements to access each market, and Beban creates a seamless and efficient way for businesses to scale by matching businesses with regional investors that minimize the challenge of expansion can.”
Finally, Al Pachachi says her goal for the show is to expand to different countries across the MENA region to create a regional investment platform with a pipeline of high-quality dealflow opportunities from the MENA countries. It will continue to encourage and nurture a limitless flow of investment and business growth, and inspire a new generation of entrepreneurs to thrive.
Take the leap of faith and apply (hopefund.bh/beban)
The show is industry agnostic, meaning companies of all industries and sizes are welcome to apply for the opportunity to raise funds and promote their businesses on a regional platform. Seize this opportunity to accelerate the growth of your business with strategic guidance from reputable investors. Don’t wait for the opportunity, seize it.
Watch the broadcast
Season 2 is available for free on Shahid, the region’s first and largest video-on-demand platform. See how other entrepreneurs presented their deals and how the negotiations went. Be inspired by the success stories that have emerged from the show. Be humble and learn. This is a chance for you to get a glimpse of what goes on between investors and founders behind closed doors – every pitch has a lesson to learn – listen carefully and reflect on your journey.
Believe in yourself aand in your company
A good entrepreneur is brave. Many successful entrepreneurs have taken the plunge and started their own business, even though it was daunting. With hard work and perseverance, you could be one of the entrepreneurs who receive funding to grow and become a regional and global success.
Be open to change
When you enroll and are shortlisted for Beban, you will complete an intensive training bootcamp where you will develop and improve your business skills in many areas, from financial modeling and planning to expansion plans and pitching. This means your business may be subject to change and you need to be open to that, especially given that if you get an investment through the show, you need to welcome investors who will help your business grow.
Related: Keeping the momentum: Bahrain’s key players on what it takes to revitalize the startup scene
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