Background Image

The Startup Ecosystem of Manama

Home to 98% of Bahrain’s startups, Manama has a vibrant startup ecosystem that is ranked 403 in the world.

CITY RANKING

While Manama decreased by 97 spots in its global rank in the Global Startup Ecosystem Index of 2024, its ranking in Bahrain remained stable at 1 nationally since 2023.

National Ranking

1st
0
In Bahrain

Regional Ranking

14th
-
5
In Middle East

Global Ranking

403rd
-
97
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Manama Top Startup Industries

Fintech icon
Fintech
#171 worldwide

10 startups

Edtech icon
Edtech
#274 worldwide

6 startups

Social & Leisure icon
Social & Leisure
#291 worldwide

5 startups

Ecosystem HealthCheck

Manama Ecosystem Health Check

The health check tables allow you to look at the performance Manama has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global40350
Fintech171-6110
Edtech00.0000.0000.00
Social & Leisure00.0000.0000.00
Ecommerce & Retail00.0000.0000.00
Software & Data00.0000.0000.00
Energy & Environment00.0000.0000.00
Foodtech00.0000.0000.00

ECOSYSTEM

Browse the startup ecosystem database of Manama

Download list
Rain startup logo
Fintech | Blockchain
Unranked
CoinMENA startup logo
Fintech | Cryptocurrency
Unranked
Aion Digital startup logo
Fintech | Financial Services
Unranked
Malaeb startup logo
Social & Leisure | Sports
Unranked
CTM360 startup logo
Software & Data | Cybersecurity
Unranked
Amal Invest  startup logo
Fintech | Fintech-Other
Unranked
Parcel startup logo
Transportation | Logistics
Unranked
Tamarran startup logo
Social & Leisure | Sports
Unranked
Unranked
The Stories Studio startup logo
Software & Data | Apps
Unranked
Clickfew startup logo
Software & Data | Apps
Unranked

Browse 39 more startups in Manama with the pro account.

Explore StartupBlink Pro

Become our Manama Ecosystem Partner

Apply to join hundreds of leading ecosystem developers and represent the Manama startup ecosystem at no cost.

Startup Ecosystem Charts

Startup Funding in Manama2017 - 2024

Startup Funding in Manama 2017 - 2024

From 2022 to 2023, startup funding in Manama has decreased by 96.67%. During this period, the number of deals in Manama has decreased by 42.86%. Since 2017, total startup funding in Manama exceeded US$ $713.22M.

Average Funding in 2023

$1.63M

Manama
Bahrain
-94.18% YoY

Funding in 2023

$6.52M

Manama
Bahrain
-96.67% YoY

Deals in 2023

4

Manama
Bahrain
-42.86% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B0481216

Ecosystem

The Startup Ecosystem in Manama

Startups in Manama excel in Fintech, Edtech, and Social & and Leisure. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Manama in 2024 is Rain, CoinMENA, and Aion Digital.

Global Rank

Manama is ranked within the top 500 startup ecosystems globally.

Top Industries

Manama’s startups excel particularly in Fintech where it ranks 171 and in Edtech, and Social & Leisure. Find out more

Top Cities for Startups in Bahrain - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Pro
Pro
Pro
Pro
2024 National Rank CityGlobal Rank
informational icon
Total Score

Access subscores for 1000 cities and 100 countries

informational icon
Quantity Score
informational icon
Quality Score
informational icon
Business Score
1st
0
403rd
-
97
0.816
00.00
00.00
00.00
Microsoft Excel icon
Download CSV file
Pro

Startups

Notable Startups in Manama
Rain startup icon
Rain
CoinMENA startup icon
CoinMENA
Aion Digital startup icon
Aion Digital

ECOSYSTEM

Why should you join Manama's Startup Ecosystem?

Overview

Within Manama there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Edtech, Social & Leisure. These three industries represent about 42% of the startups represented on the Startup Ecosystem Map of Manama.

1st

National Rank

14th

Regional Rank

Overview

Manama is Bahrain's 1st best startup ecosystem and is ranked 14th in Middle East. With a population of 0.1M - 0.5M people, Manama is ranked 403rd in the world. The city has some notable startup success stories including Rain.

ECOSYSTEM
Startup Infrastructure in Manama
With a large variety of initiatives, Manama's startup ecosystem stands out from other cities in Middle East. Manama offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Manama's most prominent support initiatives:

BLOG

Recent Posts

Mon Apr 14 2025

From Service-Based to Product-Based Economy – Lessons from North Macedonia

In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]

Wed Apr 02 2025

Corporate Startup Activity Index 2025

For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index  is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]

Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]