The Competition Overview
The Mohammed Bin Rashid Establishment for the Development of Small and Medium Enterprises (SME), one of Dubai's leading economic institutions, launched the Young Entrepreneur Competition in 2005, inspired by the vision of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai to plant the seed of initiative spirit at an early age. The study of the Global Observatory of Entrepreneurship identified the social and cultural challenges and emphasized on the need to nurture the entrepreneurial spirit in the new generations. The competition is designed to encourage and facilitate the delivery of the idea of entrepreneurship and the trading to the youth of the future by providing a truly integrated business environment that ensures that generations of entrepreneurs are able to innovate and be creative within a competitive business environment.
The Twelfth Cycle 2017-2018
This year's Young Entrepreneurs Competition is different from previous years through the cooperation of the Mohammed Bin Rashid Establishment for the Development of Small and Medium Enterprises and Souq.com to launch an electronic platform through Souq.com and give the opportunity to all the youth from different nationalities in all of the UAE to showcase and sell their products through an interactive online platform of the Young Entrepreneurs Competition. Participants will experience the e-commerce process and compete through souq.com benefiting from displaying their products through their own stores on the site of souq.com where the participants can reach out to the largest number of targeted customers through this platform, souq.com will also provide logistical support for the sales of participating projects.
The participants in the Young Entrepreneurs Competition will be qualified to establish their online stores on souq.com by offering the necessary courses and seminars. Participants will also have the opportunity to see the volume of their daily sales, quantities available, quantities sold and returns, as well as customer feedback
The participants will be given the opportunity to market their projects through the exhibition to that will be held City Walk Dubai, in order to create a competitive environment between participants simulating the real world of business.