Bahrain tops London and Silicon Valley for percentage of female startup founders

Agencies
June 18, 2019

Bahrain, Jun 18: Bahrain is one of the top 10 startup ecosystems with the largest share of female founders, according to the 2019 Global Startup Ecosystem Report (GSER), launched at the recent TNW conference in Amsterdam.

Described as 'the world's most comprehensive and widely-read research on startups', the report is produced by Startup Genome in partnership with the Global Entrepreneurship Congress.

India enjoys a thriving international partnership with Bahrain in many sectors. As for FinTech, the Bahrain Economic Development Board recently signed an MOU with the Government of Maharashtra, for cooperation on the promotion of FinTech in their respective markets.

Indian Companies such as Rsquare Technologies and Innosoft, are currently residing at Bahrain FinTech Bay (BFB). BFB is rapidly gaining international recognition as a FinTech leader, with a number of key companies like Visa partnering with the organisation. Bahrain also continues to be the region's leading financial services hub, through its forward-thinking regulation including the regulatory sandbox, crypto-assets, and open banking.

With 18 per cent of its start-ups founded by women, Bahrain topped even internationally recognised startup hubs such as Silicon Valley (16 per cent) and London (15 per cent). The report also lauded Bahrain as:

* one of the top 10 ecosystems to watch in FinTech in Europe and the Middle East

* A top 15 Global Ecosystem for affordability of qualified talent.

"This report draws on the views of the people who know best - entrepreneurs and founders. In a very short time Bahrain has emerged as a leading ecosystem with particular strength in FinTech. With both female founders and women taking leadership roles throughout the ecosystem, Bahrain is a dynamic and diverse market at the head of new trends that are shaping the way society and business operates", said H.E. Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board.

"Over the past decade, Bahrain's startup ecosystem has made significant progress where start-ups can access a global network of partners to scale up and capture opportunities in Bahrain and the region", said Dr Ebrahim Mohammed Janahi, Chief Executive of Tamkeen (Bahrain's Labour Fund).

Dr Janahi pointed out one of Bahrain's key competitive advantages in the region, which lies in its firm belief in the importance of women as an active player in shaping Bahrain's economic future.

"In line with these national objectives, Tamkeen has launched a number of ad-hoc programmes to foster the development of female-owned businesses in addition to Tamkeen's flagship programmes supporting individuals and enterprises." he added.

According to Dr. Janahi, more than 59 per cent of women have been served as part of Tamkeen's micro finance support, while more than 50 per cent were served within the business development program, which offers a co-financing service to cover 50 per cent of business equipment.

The Kingdom has a long history of women in senior leadership positions. Currently, a group of female leaders in FinTech is helping to steer the country's FinTech strategy.

Leading female Bahraini startup founders include Hala Sulaiman and Ameera AlQubaiti, Co-founders of Alrawi, a successful audiobook startup and Pitch@Palace Global 3.0 People's Choice 2018 Winner.

Furthermore, Bahrain's Al Waha Fund of Funds, a $100 million fund set up by the Bahrain Development Bank, has an all-female leadership.

The report also recognised Bahrain as a Top 15 Global Ecosystem for affordable talent. Bahrain boasts one of the most skilled and entrepreneurial workforces in the region, over 60 per cent of which work in the private sector.

Meanwhile, Amazon Web Services' AWS Educate training scheme is providing Bahrainis with the necessary skills for cloud-based jobs. Interestingly, it's estimated that more than 60 per cent of computer science students at the University of Bahrain in 2018 were women.

Bahrain's tax regime - the most liberal in the Gulf - and wage subsidies for new employers emerged as real differentiators among the key draws highlighted in the report. The report reflects the views of more than 10,000 founders and draws on data from over one million companies. It ranks the highest-performing startup ecosystems, cities and regions by assessing performance against the following factors:

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.

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News Network
June 29,2020

New Delhi, Jun 29: Delhi Chief Minister Arvind Kejriwal on Monday paid tribute to the senior doctor of city government-run LNJP Hospital who died battling COVID-19, saying the society has "lost a very valuable fighter".

The 52-year-old doctor served in the front line of the war against the pandemic at the government facility, and died of novel coronavirus infection in an ICU of a private hospital on Sunday.

"Dr Aseem Gupta, a senior doctor of LNJP Hospital succumbed to Covid yday. He was known for going out of his way to serve his patients. We have lost a very valuable fighter. Delhi salutes his spirit and sacrifice...," Kejriwal tweeted.

The chief minister also said in his tweet that he has spoken to Dr Gupta''s wife and "offered my condolences and support".

LNJP Hospital is a dedicated COVID-19 facility under the Delhi government. It recently completed 100 days of being declared a coronavirus facility.

"LNJP Hospital has displayed great fortitude in the face of acute challenges. It''s recovery rate is going up, death rate is reducing, ICU capacity is being ramped up - the hospital is saving so many lives," the chief minister said.

A condolence meeting to pay respect to Dr Gupta has been scheduled at 1 pm in the office of the Medical Director of the hospital, a senior official said.

The doctor, a consultant anaesthesiologist died at the Max hospital, Saket in south Delhi, a private dedicated COVID-19 facility.

"He was a front line anaesthesia specialist who contracted COVID-19 infection while on duty. He tested positive on June 6, when he had mild symptoms and was shifted to a quarantine facility. His symptoms aggravated on June 7 and he was admitted in the Intensive Care Unit of the LNJP Hospital," the LNJP Hospital said in a statement on Sunday.

He was shifted to Max Hospital, Saket on June 8 on his request, it said.

The doctor was battling the disease for the last two weeks at Max Hospital, where he succumbed to the illness on Sunday, the statement said.

He was Specialist, Grade I, in the Department of Anaesthesia at the LNJP Hospital, the statement said.

Several hundreds of healthcare workers have been infected with COVID-19 till date in Delhi.

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News Network
May 20,2020

London, May 20: The current physical distancing guidelines of 6 feet may be insufficient to prevent COVID-19 transmission, according to a study which says a mild cough in low wind speeds can propel saliva droplets by as much as 18 feet.

Researchers, including those from the University of Nicosia in Cyprus, said a good baseline for studying the airborne transmission of viruses, like the one behind the COVID-19 pandemic, is a deeper understanding of how particles travel through the air when people cough.

In the study, published in the journal Physics of Fluids, they said even with a slight breeze of about four kilometres per hour (kph), saliva travels 18 feet in 5 seconds.

"The droplet cloud will affect both adults and children of different heights," said study co-author Dimitris Drikakis from the University of Nicosia.

According to the scientists, shorter adults and children could be at higher risk if they are located within the trajectory of the saliva droplets.

They said saliva is a complex fluid, which travels suspended in a bulk of surrounding air released by a cough, adding that many factors affect how saliva droplets travel in the air.

These factors, the study noted, include the size and number of droplets, how they interact with one another and the surrounding air as they disperse and evaporate, how heat and mass are transferred, and the humidity and temperature of the surrounding air.

In the study, the scientists created a computer simulation to examine the state of every saliva droplet moving through the air in front of a coughing person.

The model considered the effects of humidity, dispersion force, interactions of molecules of saliva and air, and how the droplets change from liquid to vapour and evaporate, along with a grid representing the space in front of a coughing person.

Each grid, the scientists said, holds information about variables like pressure, fluid velocity, temperature, droplet mass, and droplet position.

The study analysed the fates of nearly 1,008 simulated saliva droplets, and solved as many as 3.7 million equations.

"The purpose of the mathematical modelling and simulation is to take into account all the real coupling or interaction mechanisms that may take place between the main bulk fluid flow and the saliva droplets, and between the saliva droplets themselves," explained Talib Dbouk, another co-author of the study.

However, the researchers added that further studies are needed to determine the effect of ground surface temperature on the behaviour of saliva in air.

They also believe that indoor environments, especially ones with air conditioning, may significantly affect the particle movement through air.

This work is important since it concerns safety distance guidelines, and advances the understanding of the transmission of airborne diseases, Drikakis said.

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News Network
June 17,2020

New Delhi, Jun 17: Prime Minister Narendra Modi on Wednesday called for an all-party meeting to be held on June 19 to discuss the situation at the border areas with China.

The virtual conference meeting, presided by PM Modi, will be attended by presidents of various political parties in the country.

"In order to discuss the situation in the India-China border areas, Prime Minister Narendra Modi has called for an all-party meeting at 5 PM on 19th June. Presidents of various political parties would take part in this virtual meeting," a tweet by the PMO India read.

At least 20 Indian Army personnel, including a Colonel rank officer, had lost their lives in the violent face-off in the Galwan valley area of Ladakh on June 15.

The violent face-off happened on late evening and the night of June 15 in Ladakh's Galwan Valley as a result of an attempt by the Chinese troops to "unilaterally change" the status quo during de-escalation in Eastern Ladakh and the situation could have been avoided if the agreement at the higher level been scrupulously followed by the Chinese side, India said on June 16.

The Chinese side also suffered casualties, including the death of the commanding officer of the Chinese Unit involved in the violent face-off with Indian troops, sources confirmed to news agency.

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