The only thing as hot as launching a group buying website in the Middle East: launching a startup incubator / seed fund. Tenmou, which calls itself a "business angels' company" and had a soft launch a couple of months ago, just announced its official launch with an initial start up capital of $2.7 million. Tenmou joins a relatively long (and young) list of incubators and seed funds from the region like Oasis500, Seeqnce and SeedStartup. We sincerely hope they end up in a better place than similar firms like Intilaq, a business incubator launched by Bayt.com, which died very early; very quietly.
