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Pan Arab startup competition
1-6-2017
In collaboration with the MIT Enterprise Forum- Pan Arab Region, and in partnership with Bank Audi, the Beirut Traders Association (BTA) launched yesterday the sixth edition of the ‘Grow My Business’ competition. Relying on the success of the five past editions, the initiative seeks to help startups grow and expand in the right direction. For this to be achieved, Lebanese entrepreneurs and owners of small and medium enterprises (SMEs) are called upon to create development plans which will inspire their businesses and move them forward. As usual every year, applicants wishing to participate, are called to download the forms from the website ttp://www.growmybusiness.me, following which, a competent jury panel will shortlist the top 15 candidates in August 2017. In the second stage of selection, the nominees will attend a 2-day workshop organized by a number of experts and professors on how to develop a successful business plan. Five best contestants will then be shortlisted by a carefully selected jury to undergo the final assessment through oral presentations. In light of these guidance sessions, the jury will announce the three winners in November 2017 who will reap from Bank Audi prizes worth of LBP 15 million, LBP 30 million and LBP 50 million respectively. During the launching event, the BTA chairperson, Nicolas Shammas, underlined the purpose of the competition which is “to give SMEs a substantial added value, enhance the professional standards of the commercial sector and contribute to the sustainable development of the national economy.” (Al Mustaqbal, June 1, 2017)
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