INJAZ Qatar to host Mubadara 2020 Awards CeremonyAdmin
Publication: qatar-tribune.com – English (English | Website)
INJAZ Qatar, a non-profit organisation and a member of Junior Achievement (JA) Worldwide, will host the Zoom online Mubadara Awards Ceremony on Monday, August 31, 2020, which recognises some of Qatar’s most outstanding young entrepreneurs.
The Company Programme and Mubadara are INJAZ Qatar’s most interactive and popular education programme and event during which student enterprises are established through the globally recognised “Company Programme” of Junior Achievement. It has evolved into a major event in the calendar of activities of INJAZ Qatar. Student teams were given a unique opportunity to set up and run a real business over a period of five months, with the guidance of professionals from leading companies across Qatar. 17 student teams have reached the final stage of the programme; 10 student teams from Qatar’s independent, private and international secondary schools and 7 teams from Qatar’s universities. During the programme , students go through the entire life cycle of a start-up venture as they develop a business idea, form a team, raise capital of up to QAR11,000, develop business plans, and produce and sell a product or service. Towards the end of the five months of activity, students present their entrepreneurial ideas to the local market jury of business leaders.
At the upcoming Mubadara 2020 Awards ceremony, the innovative products and services developed by the student companies will be presented and the winners of this year’s competition will be announced, giving them the opportunity to represent Qatar at the INJAZ Al Arab Regional finals.
Students will receive for one of seven awards, which are: The Best Company of the Year award sponsored by “ExxonMobil”, the Most Innovative Product/Service award sponsored by “Qatar Development Bank”, the Best Marketing Plan award sponsored by “Ooredoo”, the Best Social Impact Award sponsored by “HSBC”, the Public Choice Award sponsored by “Frame” along with the Best Company Report and Best Public Presentation awards.
The team that won the Best Company of the Year award (University level) will receive continuous support from the QBIC (Qatar Business Incubation Center) and the QR35.000 seed funding from “BOEING” to start their real business.
Ibrahim Al Mannai, Executive Director of Advisory & Incubation, QDB, said: “Investing in human capacity and developing local talent is one of our top priorities at QDB. We are therefore very pleased to be a partner in this program and a pioneering initiative. We continue to support and nurture the next generation of entrepreneurs by incubating their winning projects and helping to build an ideal business environment for them. This is part of the strategy that both the Bank and its partners are pursuing in Qatar as part of the two key pillars of Qatar National Vision 2030. These include the promotion of a healthy and capable national workforce to achieve a prosperous society; and, secondly, the development and diversification of the national economy.”
The awards ceremony will be hosted by INJAZ Qatar Board Members and representatives of the private and public sectors, including the education sector in Qatar.
Sabah Rabiah Al Kuwari, Director PR at Ooredoo, said: “Our corporate social responsibility strategy incorporates a firm commitment to supporting a culture in which young entrepreneurs are inspired, empowered and enabled. Qatar is teeming with ambitious young innovators keen to act as disruptors and ground-breakers; we’re excited to see what they can achieve and proud to be working with an organization such as INJAZ to support such a fantastic opportunity for our young people.”
Abdul Hakeem Mostafawi, CEO of HSBC Qatar on this special occasion said: “We have been proud partners of Injaz Al Arab in Qatar since its inception in 2007. The Company Program is one of the most prestigious educational programmes in support of entrepreneurial thinking and the quality of projects that are presented have improved dramatically over the past decade. It is an honor to be able to continue our investment in the talented teams and innovative thinking as well as reward the team that also focuses on the impact their project would have on the wider society.”
This year’s Mubadara Award ceremony sponsors include ExxonMobil as Platinum Sponsor, “Ooredoo” as Gold Sponsor, “HSBC Bank” as Silver Sponsors. “BOEING” is the strategic partner for the Start-Up programme, “Qatar Development Bank” is the programme partner, the Qatar Business Incubation Center (QBIC) is the Incubation partner to host the winner and “Frame” is the Media Partner.