MVP Scheme is a development support in which start-ups can benefit of a grant support from Tamkeen towards the development, design and testing of a first product.
Who can apply
Start-ups with the following criteria:
- Bahraini Founders with a Bahraini registered Enterprises
- Bahraini individuals with virtual CRs
- Having no more than 1 year of operation
- Turnover not exceeding BHD 10,000
- Working on innovation, development, deployment, and commercialization of new products, process, or services driven technology or intellectual property.
- Demonstrating enough potential to scale up
- Having enough value for potential customers or business channel to market
Eligibility of the enterprise will be based on the following factors:
- Innovative business idea, not readily available in the market, that serves a gap in the market.
- High potential for scalability and growth
- A strong and committed team
- Proper planning and strategy building
- Market potential and size of the target market
- Allows start-ups to fully realize their product by the creation of a prototype
- Enhances credibility of investment pitches with availability of realized product