The Mohammed Bin Rashid Establishment for SME Development, a part of the Department of Economic Development, will organize the Young Entrepreneur Competition 2010 (YEC) exhibition from March 31 to April 3 at The Dubai Mall.
This year, more than 600 participants – twice the number compared to last year – will showcase their projects at the event, which is organized Under the Patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and supported by du as the main sponsor.
MBRE for the second year is collaborating with The Dubai Mall to organise the exhibition where students can display their products and ideas. Participating projects will be assessed based on different standards, marking the students’ first step towards becoming a part of the small and medium business sector. As the main sponsor, du will set up four kiosks offering a chance for University students to get a first-hand experience in retailing telecom products and services to visitors at the exhibition.
His Excellency Abdul Baset al Janahi, CEO of MBRE for SME Development, said:
“YEC exhibition has attracted an impressive 600 entrepreneurs this year from various categories which reflects the trust and attention gained by the competition year over year. The event is in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, to develop the performance of the SME sector to be major supporter to the economic development in Dubai.”
MBRE recently organized an introductory workshop for more than 1,000 young and potential entrepreneurs to strengthen awareness about the exhibition and share details about the organizational structure of the pavilions and the logistics involved. The event aimed at educating the participants for the smooth conduct of the exhibition.
Since its inception in 2005, YEC has succeeded in encouraging entrepreneurial spirit within youngsters from high schools and universities across the UAE. The contest also conveys the concept of small and medium enterprises and business environments to the younger generation. The large and growing turnout at the competition reflects that it has effectively succeeded in preparing young business leaders.