Building on the success of the two last years, the competition consists in coaching a selection of Lebanese entrepreneurs and SME owners and guiding them in developing appropriate business plans which would help their businesses to grow.
Candidates can download the application from the website www.growmybusiness.me, following which a jury composed of prominent figures of the BTA, of the MIT Enterprise Forum – Pan Arab Region, and of Bank Audi will select the top 25 candidates on July 9, 2013.
During the second stage of the competition, the 25 nominees will benefit from a workshop organised by experts and professors, and focusing on how to draft a successful business plan.
All 25 business plans are then submitted to the jury who will accordingly choose the 12 best candidates and assess them through a series of oral presentations.
In light of these enriching sessions, the jury will pronounce, towards end-September 2013, the ultimate winner of the third “Grow My Business” competition who will win a LBP 50,000,000 prize courtesy of Bank Audi.
Mr. Nicolas Chammas, Chairman of the Beirut Traders Association, seized the opportunity to explain that, “the purpose of this competition is to give a tangible added value to small and medium-sized companies, to uplift the professional standards of the commercial sector as a whole, and to contribute to the sustainable development of the national economy.”
Mrs. Hala Fadel, Chair of the MIT Enterprise Forum – Pan Arab Region, corroborated this statement, adding, “We are committed to supporting Lebanese talents and helping them grow to become regional and global companies. We provide them with training, coaching, mentorship, and most importantly, connections and exposure. We are excited to be part of this competition for the third year, and to continuously contribute to the nurturing of SMEs in Lebanon.”
As for H.E. Mr. Raymond Audi, Chairman – General Manager of Bank Audi sal – Audi Saradar Group, he underlined that “the Bank’s involvement in “Grow My Business” is a patent testimony of its ongoing support to the Lebanese economy, namely through the development of SMEs which are its major engine.”
Saturday, May 18- 2013 @ 16:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.