Summary
Kuwait Finance House Group has partnered with Brilliant Lab, the accelerator for emerging technology startups, investing in the company through its investment arm, KFH Capital.
Kuwait Finance House Group (KFH) has partnered with Brilliant Lab, the accelerator for emerging technology startups that has been accelerating and developing technology ventures in Kuwait since 2013. The bank invests in the company through its investment arm, KFH Capital Investment Company.
KFH’s sponsorship of Brilliant Lab comes within the framework of its social responsibility and its keenness to support innovation and scientific and technological development initiatives, reflecting KFH’s interest in young people and in nurturing young talent, as well as building a generation able to keep pace with the latest technologies.
A delegation from KFH Group visited the opening of Brilliant Lab’s branch in Bahrain, attended by the Chief Executive Officer of KFH Bahrain, Abdulhakeem Alkhayyat, and the Head of Private Equity and Direct Investment at KFH Capital Investment Company, Mohammad Hamad Al-Hajeri, and met the entrepreneurs based at the company.
The Chief Executive Officer of KFH Bahrain, Abdulhakeem Alkhayyat, said that Brilliant Lab offers distinguished services and draws on outstanding international expertise, which adds a competitive advantage. On the choice of Bahrain as the company’s headquarters, he noted that this reflects their confidence in and belief in the Kingdom of Bahrain and its strategic location in the region.
For his part, the Head of Private Equity and Direct Investment at KFH Capital Investment Company, Mohammad Hamad Al-Hajeri, said: “This visit, the first to Brilliant Lab since the opening, delights us greatly, as we have accompanied Brilliant Lab from the very beginning. We have firm faith in talent and in startups, and we seek to provide a suitable working environment for these entrepreneurial companies to contribute to their success.” He also praised the local strengths of the Kingdom of Bahrain, which provide fertile ground for startups.
The founder of Brilliant Lab, Nada Al-Dehani, said that the accelerator provides the training and development programmes that any entrepreneur in the technology sector needs, adding that the company runs bootcamps and draws on expertise from around the world, including Stanford University and IE Business School.
“We have been working on this project for seven years, and there are more than 70 technology ventures from Kuwait. The distinguished partnership with KFH Group is an important opportunity to develop this accelerator,” Al-Dehani said.