Mohammed Bin Rashid Fund launches “START” for aspiring UAE entrepreneurs as part of ‘Careers UAE’
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26-March-2017
The Mohammed Bin Rashid Fund (MBRF) under Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, has announced a new competition "START" as part of the 'Careers UAE' fair with a total prize money of AED 1,000,000 million on offer for future UAE entrepreneurs.
"START" aims to assist unemployed Emiratis start their own businesses and thereby promote entrepreneurship as a culture and contributor to the economy in the UAE. Altogether, there will be 10 winners with each receiving AED 100,000 as prize money. The winners will be announced in May 2017.
MBRF will begin receiving applications from young and ambitious Emiratis who wish to participate in the contest from April 9 to 23. Applications can be submitted through the fund websitewww.thefund.ae or by visiting the Dubai SME stand at 'Careers UAE.'
"Dubai SME is participating in 'Careers UAE' as part of increasing awareness on entrepreneurship as a career option among Emirati jobseekers and extending our resources and counsel to them. We decided to launch -"START" as it would inspire enterprising and ambitious youth to step forward and start working on launching their own projects with confidence," commented Saeed Matar Al Marri, - The Fund Director and Deputy CEO of Dubai SME.
Launched in 2015 to maximise financing solutions for innovative businesses and developing Emirati entrepreneurship, The Fund promotes startup businesses and supports their early stage development through a range of financing options including a non-interest Seed Capital Loan, Credit guarantee Scheme and LPO/Invoice financing.
START will provide another avenue for the entrepreneurial talent in the UAE to benefit from the Mohammed Bin Rashid Fund. Dubai SME is delighted to offer this added opportunity to the youth in the UAE and we also welcome visitors to 'Careers UAE' to benefit from the instant startup advisory we will be providing at our stand," added - Al Marri
Careers UAE will be held at the Dubai World Trade Centre, 9-11 April 2017.