The Organizing Committee of The Bahrain Award for Entrepreneurship announced that the registration and nomination period is underway, for Bahraini companies keen to participate in the Award’s 3rd Edition, held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Chairman of Economic Development Board.
According to Faisal Sultan, Project Manager of The Bahrain Award for Entrepreneurship, “We are expecting more nominations from companies until the deadline on 31st December 2016. We extend our invitation to companies to submit their nominations in this initiative which aims to provide valuable incentives and prizes, highlight entrepreneurial success across all industries, and underline their vital contribution to economic development.”
The Bahrain Award for Entrepreneurship will accept nominations in six award categories: Micro Enterprise of the Year, Start-up of the Year, SME of the Year, Sustainability in Business Award, Enterprise of the Year with International Footprint and Female Entrepreneur of the Year. A seventh category, the Lifetime Achievement Award, will be granted in honor of entrepreneurs who have demonstrated an exemplary track record of performance in business.
The list of awards includes BD10,000 for the Micro-Enterprise of the Year winner and participation in UNIDO’s Entrepreneurship Development Programme; BD20,000 for the Start-Up of the Year Award winner and space in the agricultural growth accelerator if applicable along with BD30,000 for the SME of the Year Award, support in the development of a growth plan and investment promotion through UNIDO.
The Enterprise of the Year with an International Footprint recipient will receive BD40,000, while the Sustainability in Business Award recipient will obtain BD30,000, followed with BD20,000 for the Female Entrepreneur of the Year Award winner. Information on the Bahrain Award for Entrepreneurship, including the detailed eligibility criteria, evaluation criteria, and application forms are available on the Bahrain Award for Entrepreneurship Website at www.BahrainAE.com. Enterprises need to apply directly by visiting the ‘Register’ link, and Enterprises can be nominated for an award through the Nomination Form available at the website. Once nominated, the nominee will receive an e-Invite, inviting them to submit an application for the award category chosen by the nominator. It is not necessary for enterprises or entrepreneurs to be nominated to apply for an award.
The Bahrain Award for Entrepreneurship is organized by Tamkeen in association with its’ strategic partners including the Economic Development Board, Ministry of Industry, Commerce and Tourism, Bahrain Development Bank, Bahrain Chamber of Industry and Commerce, as well as its’ knowledge advisors, the Arab International Centre for Entrepreneurship and Investment – Office of the United Nations Industrial Development Organization (UNIDO) for Investment and Technology in Bahrain, and EY Bahrain.