As the deadline for entries passed, over 50 innovative business ideas have already been submitted for the award from budding Emirati business men and women from across the UAE.
The Manchester Innovation Award for Emiratis is an initiative to stimulate entrepreneurship and business innovation among UAE nationals, and provide practical, academic and financial support to develop the best ideas submitted by Emirati entrepreneurs into successful businesses.
The prize is a share of a cash award for the finalists, plus a three-day study tour to Manchester Business School in the UK for the winner, and practical support for the winning idea. A shortlist of the best ideas will be selected by a panel of eminent judges and then five finalists will be nominated, with the winner announced at a VIP gala dinner on November 24th at the Park Rotana Hotel Abu Dhabi.
The winner will be selected based on the innovation and creativity demonstrated by the business idea, as well as its commercial viability and potential to create job opportunities for Emiratis. The judging panel comprises professors, academic directors and selected MBS alumni.
The inaugural Manchester Innovation Award, launched in 2009 in collaboration with the Khalifa Fund and with the sponsorship of Abu Dhabi Tawteen Council, was a resounding success with around 100 registrations; seven finalists were selected and announced at an award ceremony gala dinner coinciding with Global Entrepreneurship Week 2009.
Speaking about the Award, Mr Nigel Banister, Chief Global Officer of Manchester Business School, said, “The Manchester Innovation Award helps encourage Emirati businesspeople – and business minded Emiratis – to think creatively about business and aims to draw the most innovative business ideas from the Emirati community and nurture them to successful reality. Since launching this year’s award in May, His Excellency Sheikh Nahayan bin Mabarak Al Nahayan, UAE Minister of Higher Education & Scientific Research, has graciously agreed to be the patron of the Manchester Innovation Award for Emiratis 2010 and we are deeply privileged to have this honour bestowed on the programme and believe it helped encourage Emiratis to participate.”
A proposal to establish a factory in Abu Dhabi for the treatment of waste oil, with the factory collecting the waste oil from the end users, then recycling the oil to produce irrigation water and bio-fuels, was selected as the winner of the inaugural 2009 ‘Manchester Innovation Award’ for Emiratis. The idea was developed by Mohamed Al Hajri, a civil engineer working at Sheikh Khalifa Medical City, and who holds a bachelors degree in management from Ajman University, a civil engineering degree from HCT.
Sunday, November 14- 2010 @ 12:33 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.