Al Mawared Bank supports young entrepreneurs to strengthen the economy and limit the brain drain

Al Mawared Bank launched its initiative to support young entrepreneurs and small and medium enterprise holders so that they can access financial and banking resources.  This initiative is implemented within the framework of the Bank’s commitment to encourage innovation amongst the youth and limit the current brain drain as well as strengthen trust in the Lebanese economy as per the Central Bank memorandum number 331. This initiative also involves supporting a number of investment funds, projects and educational institutions targeting young people.   As a first step, the Bank has provided financial support to Alt City, which represents a social project that seeks to expand access to resources for innovators.  It will provide spaces for meeting and exchange via training workshops, exhibitions and other activities. Al Mawared bank also sponsored last Saturday at the Beirut Digital City an event entitled DevAppLBHackathon within which teams of participants worked for 12 continuous hours on designing a new APPS.
Source: Al-Mustaqbal 10 June 2014