Bahrain ranks among top five start-up ecosystems – ZAWYA

Bahrain ranks among top five start-up ecosystems – ZAWYA

MANAMA: Bahrain has been ranked among the world's top five fastest-growing start-up ecosystems with fewer than 1,000 start-ups, according to a key report.The 2020 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network also placed Bahrain among the top 10 AME Ecosystems for Funding in 2020.Labour Fund Tamkeen engaged Startup Genome to benchmark Bahrain's performance against more than 250 ecosystems globally in the report.The 2020 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network also placed Bahrain among the top 10 AME Ecosystems for Funding in 2020.MANAMA: Bahrain has been ranked among the world's top five fastest-growing start-up ecosystems with fewer than 1,000 start-ups, according to a key report.Labour Fund Tamkeen engaged Startup Genome to benchmark Bahrain's performance against more than 250 ecosystems globally in the report.The GSER said Bahrain created $164 million in ecosystem value over the last two-and-a-half years, and cited wage subsidies and a liberal tax regime as reasons a start-up should move to Bahrain. It also pointed out that Bahrain has a regional sub-sector strength in fintech.Tamkeen chief executive Dr Ebrahim Janahi said, "Building on its track record as a successful financial centre, Bahrain has quickly established itself