Manama, The Ministry of Industry, commerce and Tourism represented by the SME Development Department participated in the graduation ceremony of the fourth batch of Brinc MENA IoT Accelerator Program.
In the presence of Director of SMEs Development at the Ministry, Ms. Shaikha Abdullah Mohammed Al Fadhel and the Chief Development Officer of Brinc and the General Manager of Brinc MENA, Mr. Yassin Abudaoud, Brinc's Demo Day returned for the fourth cycle in partnership with Tamkeen, EDB, Batelco and Oqal carrying the title of IoT: Enabling digital transformation in the MENA region".
Demo Day is an extraordinary platform for meeting startup founders and networking with investors, corporate strategists, government partners and press. It is an avenue to discover the latest global innovations in IoT to explore the potential of cross pollination of ideas and build partnerships that put Bahrain on the frontier of digital modernization and innovation.
Brinc's 4th portfolio of startups pitching on Demo Day offer IoT and connected hardware solutions with the potential to solve some of the world's greatest challenges, using Bahrain as a launchpad to offer their products and services to the wider region and the world. The presence of these startups in Bahrain is a testament to the maturity of Bahrain's startup ecosystem.
Brinc is delighted to have the ability to support in incubating and developing such brilliant startups. As a Hong Kong headquartered accelerator, Brinc's Demo Day highlighted the sophisticated relationship and cooperation between China and Bahrain, which enables Bahrain based IoT startups to take advantage of the connected hardware manufacturing capabilities in China.
The event was focused on highlighting the four verticals of investment that form Brinc's Investment Thesis. The event also brought together elite local, regional and international investors for the five startups from the fall cohort accelerator program to pitch their brilliant innovative IoT solutions and products in pursuit of further funding to accelerate their journey to solving global problems.
Brinc's five portfolio companies for this cohort include:
-ANSER is the only web and mobile platform that allows managing costs, time and resources in real-time through the use of Augmented Reality and Artificial Intelligence in a practical and preventive way on site. Anser places the experienced construction manager in the palm of your hand, no matter how much experience you have or what position you perform.
-Freepark is a smart parking solutions provider. Freepark is produces smart parking locks that are controlled by a smartphone application. Freepark's smart parking locks can be used for private parking space sharing, booking, and remote authorization.
-WASCO LAB is a hardware-enabled SaaS company with a vision too part of the global Smart Cities movement, they strive to understand the needs of their customers by optimizing waste management through the use of sensors, analytics and a platform.
-Linkers IoT helps shop owners understand different Store customer counts and uncover a lot of information about the number of visitors and average time spent in the store. It helps them manage their assets with the advanced sensing techniques that connect Assets to the cloud easily. Additionally, we help business owners stay tuned and use IoT to monitor instant consumption for different utilities (Energy, Water or Gas).
-Crowd Powered enables institutions to save money on electrical and fuel bills while maintaining power quality. Their SAAS and hardware-based solution creates onsite micro-grids that integrate existing assets and utilities with solar, wind and battery storage.
Brinc has come a long way from being launched in January 2018 in Bahrain to its first accelerator program demo day In May 2018 in partnership with Tamkeen, offering investment, education, mentorship, services, prototyping tools, and co-working space to startups from across the Middle East.
Source: Bahrain News Agency