Manama: Al Salam Bank has joined the Open Innovation Programme, a pioneering initiative backed by Bahrain's Labour Fund (Tamkeen) and managed by Brinc MENA. This programme connects leading enterprises with innovative Bahraini startups and SMEs to develop cutting-edge solutions that address the enterprises' challenges and requirements, enhance operational efficiency, drive sustainability, and foster economic growth.
According to Bahrain News Agency, the programme aims to connect Bahraini startups and SMEs with leading enterprises to develop innovative solutions that enhance operational efficiency, drive digital transformation, and support economic growth. Al Salam Bank is the first bank to join this initiative, underscoring its commitment to fintech innovation and the advancement of Bahrain's financial sector.
The agreement was co-signed by Maha Abdulhameed Mofeez, Chief Executive of Tamkeen, Anwar Murad, Deputy CEO - Banking at Al Salam Bank, and Husain Haji, Managing Director of Brinc. Under this partnership, Al Salam Bank will collaborate with selected startups and SMEs, co-financing the development of proof-of-concepts (POCs) and pilot solutions that address the bank's strategic challenges and opportunities.
This collaboration aligns with Tamkeen's 2025 strategic priorities, which focus on enhancing Bahrainis' competitiveness in the private sector, supporting enterprise growth, and accelerating digital transformation. A joint committee consisting of representatives from Tamkeen, Brinc, and Al Salam Bank will oversee the selection and development of startup-led solutions to enhance financial innovation. The programme will support the co-creation of new technologies that align with the evolving needs of the financial sector.
Bahrain-based startups and SMEs with innovative technology solutions are invited to apply via https://openinnovation.bh. Selected participants will join a six-month accelerator programme, receiving tailored mentorship, funding, and the opportunity to pilot their solutions with Al Salam Bank.
With this strategic partnership, Al Salam Bank, Tamkeen, and Brinc are paving the way for financial innovation and startup-led growth in Bahrain.