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A press conference was held on February 16, 2012, at the premises of the Beirut Traders Association (BTA) in Sanayeh, to launch the second edition of the “Grow My Business” competition, an initiative by the BTA, in collaboration with the MIT Enterprise Forum – Pan Arab Region, and in partnership with Bank Audi sal - Audi Saradar Group.
Building on last year’s success, the competition consists in having a selection of Lebanese traders develop business plans for 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 April 26, 2012.
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, on June 14, 2012, the ultimate winner of the “Grow My Business” competition who will win a LBP 50,000,000 prize, as well as the second and third winners who will win respectively LBP 20,000,000 and LBP 10,000,000, all 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 need to support any company in Lebanon that has the ambition to grow and become a national and regional player. We are here to train them, connect them, motivate them and support them in any way they need. We are thrilled to contribute with our expertise and know-how in 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 “taking part in a laudable project such as the “Grow My Business” competition is a clear indicator of the Bank’s commitment to contribute to the development of Lebanese SMEs, and to its solid dedication to make the Bank’s motto – Grow Beyond Your Potential – an ever more relevant reality.”
Building on last year’s success, the competition consists in having a selection of Lebanese traders develop business plans for 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 April 26, 2012.
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, on June 14, 2012, the ultimate winner of the “Grow My Business” competition who will win a LBP 50,000,000 prize, as well as the second and third winners who will win respectively LBP 20,000,000 and LBP 10,000,000, all 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 need to support any company in Lebanon that has the ambition to grow and become a national and regional player. We are here to train them, connect them, motivate them and support them in any way they need. We are thrilled to contribute with our expertise and know-how in 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 “taking part in a laudable project such as the “Grow My Business” competition is a clear indicator of the Bank’s commitment to contribute to the development of Lebanese SMEs, and to its solid dedication to make the Bank’s motto – Grow Beyond Your Potential – an ever more relevant reality.”
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