It seems that a deal for StartupBootcamp (SBC) from the Dutch company (SBC) to take over the previous business network of Prince Andrew, Pitch@Palace, in doubt.
The acquisition, which was initially expected to be provided with the Duke of York as a financial payment, has not been signed, and no agreements were signed.
The BBC reported that despite the previous announcement of the acquisition and discussion discussions about funding from Bahrain, no transactions have been implemented, the BBC said. Sources cited BBC that SBC is now reviewing its participation and wants to cut ties with Waterberg Stiring, an investment company registered in Bahrain in late 2024 by Dominic Hampsheer, Prince Andrew Advisor.
Pitch@Palace, launched by PRINCE Andrew in 2014, was designed as a platform for startups and businessmen to communicate with investors. SBC, which has been operating since 2010, supports early companies and has investments in more than 1700 startups.
In February, SBC announced its plans to take over Pitch@Palace, describing it as a “great opportunity” to revive a sleeping network.
BBC sources said that despite the holding of meetings, including in Buckingham Qasr, and the efforts of the joint brand occurred, no official deal was reached. The SBC initial acquisition plan included working with Waterberg Stirling as a strategic partner, but this arrangement no longer exists.
The BBC also mentioned that Adnan Sadi, associated with Waterberg Stiring, presented the Pitch@Palace, Innovat Glumbal, in China in 2024. During his presentation, Yang Tinjo, who was later accused of espionage. Yang denied these allegations.
Prince Andrew’s money was at scrutiny, with questions about his ability to cover security and maintenance costs for Royal Lodge in Windsor. It was expected that the sale of the Pitch@Palace will provide financial support. Prince Andrew was contacted to comment.
