Visa, the world's leader in digital payments, together with Bahrain Islamic Bank (BisB) and Bahrain Fintech Bay, have announced Haya Al Jassim, Founder of Maiwa, as the winner of the She's Next grant programme for Bahrain. The winner was selected at an award ceremony held at Innovate for Bahrain located in Riyadat Mall.

 

Handpicked from a pool of over 100 applicants from across the Kingdom, the winning woman-owned small business Maiwa, a brand specialising in nutritious snack options, won a grant of $45,000. In addition, Areej Matooq Founder of Fermendiet, won a People’s Favourite Award prize of $10,000. 

 

A jury evaluated entries based on the following criteria: progression of applicants’ entrepreneurial journey; robustness of their business metrics; digital presence; and demonstrated ability to problem-solve confidently. 

 

The members of the jury included: Ali Bailoun, Regional General Manager at Visa, Suzy Al Zeerah, COO of Bahrain FinTech Bay, Fatema AlAlawi, Acting CEO of Bahrain Islamic Bank, Marwa Al-Eskafi, Director of Partnerships at Tamkeen, and an Award-Winning Businesswoman, HE Huda Janahi.

 

Practical insights

By participating in the programme, all women entrepreneurs gained access to practical insights from female leaders in Bahrain, as well as valuable tools and educational resources. These include Visa’s Practical Business Skills Programme, designed to help them grow and develop their businesses.

Fatema AlAlawi, Acting CEO of BisB, commented: “It was an honour to participate in this incredible initiative for the second consecutive year, as part of our ongoing efforts to support female entrepreneurs in the kingdom. We extend our heartfelt congratulations to the remarkable winners for their impactful business ideas and entrepreneurial spirit. At BisB, we are dedicated to investing in women-owned businesses, providing them with a platform to thrive within their communities. We remain steadfast in our commitment to empowering women across various fields, contributing to the realisation of Bahrain’s Vision 2030 goals.”

 

Mohamed Al-Subaiee, Director of Innovate for Bahrain, commented: “As Innovate for Bahrain, we are immensely proud to facilitate & host the She’s Next programme and awards at our new hub in Riyadat Mall. This programme highlights the incredible talent and innovation of women entrepreneurs in Bahrain, who are breaking barriers and redefining what it means to innovate and lead in today’s dynamic entrepreneurial challenges. Mabrook to Haya Al Jassim and Areej Matooq on their well-deserved wins, and we're excited to engage all the programme applicants and alumni through a series of initiatives planned in 2025 in partnership with Visa.”

 

According to Visa’s SMB Women Digitisation Index in Bahrain, women-owned businesses rely on personal finances (43%) and angel investors (44%) to set up their companies. This underscores the importance of programmes like She’s Next in providing essential financial support and resources for women-owned business to grow and succeed.

 

Potential of women to drive innovation

Ali Bailoun, Visa’s Regional General Manager for KSA, Bahrain, and Oman, commented: “At Visa, we believe in the potential of women to drive innovation and economic growth. She’s Next programme in Bahrain reflects our commitment to supporting women entrepreneurs by providing the resources, mentorship, and funding they need to thrive. We would like to extend our congratulations to this year’s winners and finalists for their remarkable contributions to Bahrain’s entrepreneurial landscape and look forward to supporting them through this programme as they can continue to grow their businesses." 

 

Since its launch, the She’s Next programme has provided over $3 million in grants and coaching to women entrepreneurs across the globe, empowering them to scale their businesses and contribute to economic growth.

 

The programme also recognised outstanding finalists who showcased exceptional entrepreneurial vision and innovation. These included Muna Rabieh, Founder of A Wonder Within; Aqeela Abbas, Founder of Arabiquest; and Co-Founders Reem Al Jamea and Samar Eshaq of Campinya.--TradeArabia News Service