The First Global Intrapreneurship Forum 2012 which closed yesterday is to become an annual event, said the event's organisers after its tremendous success.

With more than 100 participants from the GCC and the Middle East and North Africa region, the US, Europe and Asia, the two-day forum focused on highlighting the importance of intrapreneurship in economic growth and development.

The two-day forum at the Gulf Hotel was a major success and now the organiser The Firm's chief executive Abdullah Al Subyani has pledged to come back next year and make the event annual.

The concept of intrapreneurship is about seeing individuals working within large corporations and small and medium enterprises leveraging their deep industry knowledge and understanding of the business gaps within their sectors to create profitable companies.

The forum's expert speakers focused on building awareness of opportunities for intrapreneurship and innovation in organisations as well as among investors and individuals.

They also provided participants with insights and practical tools required to achieve growth and drive the development of new business ideas and commercial ventures.

"We are extremely pleased by the success of the Global Intrapreneurship Forum 2012 in Bahrain," said Al Subyani.

"As the first event of its kind to be held anywhere in the world, we are delighted that such a solid platform has now been established whereby the concept of intrapreneurship can be further promoted and where intrapreneurs can gain valuable insights and practical experience to apply their business acumen towards the development of exciting new commercial ventures.

"The importance of intrapreneurship goes beyond achieving success at an individual or corporate level. It is also the driving engine behind economic growth.

"In the months ahead, The Firm will build on this momentum in the planning of what will now be an annual event dedicated to intrapreneurship and in the launch of other initiatives focused on supporting innovation and business development," he added.-TradeArabia News Service