By Sarah Townsend
The 11th Young Entrepreneur Competition aims to reward fledgling businesses
Registrations have opened for the UAE’s Young Entrepreneur Competition (YEC) 2016, the government announced on Sunday.
School and college students across the country have until February 1 to register for the 11th cycle of the YEC.
Dubai SME, an agency of the Department of Economic Development (DED), is overseeing the competition as part of a strategy to grow the small and medium enterprise (SME) sector.
Following registration, the competition will take place between March 30 and April 2 at Dubai Festival City.
During the four days of the competition, applicants are required to showcase their young businesses and practice selling their products and ideas to real-life customers.
It is intended to provide student entrepreneurs with the opportunity to turns ideas into marketable products and gain experience in the various aspects of operating a business, including buying and selling and dealing with customers.
The competition, which first launched in 2005, is staged as part of the Dubai Entrepreneurship Carnival, run by Dubai SME.
Successful applicants will receive special training ahead of the event and their projects will be screened for compliance with the rules and regulations of the competition.
Abdul Baset Al Janahi, CEO of Dubai SME, said: “Dubai SME aims to provide a broad platform for entrepreneurs to boldly display their skills in investment and business, eventually evolving into successful businessmen and leaders.
“The Young Entrepreneur Competition is a valuable tool in building a generation of confident and determined young entrepreneurs capable of leading the UAE and the region along a sustainable development path.”
To register, visit: www.dubaiec.ae