Five busi­nesses qual­ify for fi­nal judg­ing round in 2nd KIPCO Tm­keen Award for Young En­trepreneurs

Kuwait Times - - LOCAL -

Five young en­trepreneurs run­ning re­tail and ser­vice busi­nesses in Kuwait have qual­i­fied for the fi­nal judg­ing round of the 2nd KIPCO Tm­keen Award for Young En­trepreneurs. The award is a col­lab­o­ra­tion be­tween the Youth Em­pow­er­ment Or­ga­ni­za­tion and KIPCO Kuwait Projects Com­pany (Hold­ing).

El­i­gi­ble ap­pli­cants gave a 5-7 minute pre­sen­ta­tion about their busi­nesses in the pre­lim­i­nary judg­ing round. Busi­ness pro­fes­sion­als from the KIPCO Group - in­clud­ing Bur­gan Bank, OSN, Gulf In­sur­ance Group, KAMCO In­vest­ment Com­pany, United Real Es­tate, Qu­rain Petro­chem­i­cal In­dus­tries, AUK, AUS, United Net­works and Ma­rina FM - sat on the judg­ing pan­els.

Eman Al Awadhi, KIPCO’s Group Com­mu­ni­ca­tions Direc­tor, said: “This pre­lim­i­nary round of judg­ing is not just for the pur­pose of elim­i­na­tion; it is a learn­ing ex­pe­ri­ence for the en­trepreneurs on how to suc­cess­fully pitch their busi­nesses to po­ten­tial in­vestors. Given their di­verse busi­ness back­grounds, our KIPCO Group pro­fes­sion­als had the op­por­tu­nity to in­ter­act with the young en­trepreneurs and gave them feed­back and com­ments to help strengthen their case. We hope that, like last year, the en­trepreneurs will con­tinue to seek the guid­ance of our team as they ex­pand their busi­nesses. We wish the top five fi­nal­ists all the best in the fi­nal judg­ing round, and we hope that all the other en­trepreneurs will con­tinue to en­gage in a dia­logue with us.”

Ali Al Ibrahim, CEO of the Youth Em­pow­er­ment Or­ga­ni­za­tion, said: “When we launched the KIPCO Tm­keen Award for Young En­trepreneurs last year, it took our ef­forts to em­power youth to a whole new level. Through shar­ing their life-chang­ing sto­ries, the renowned in­ter­na­tional and lo­cal speak­ers we host have been an in­spi­ra­tion for young peo­ple to es­tab­lish their own busi­nesses. This year, we cel­e­brate five years of ed­u­cat­ing, in­form­ing and in­spir­ing the youth. Our part­ner­ship with KIPCO and its Group com­pa­nies means that we can fur­ther sup­port th­ese peo­ple in re­al­iz­ing their as­pi­ra­tions.”

The five fi­nal­ists are Easy Ship­pings, Mo­qawalat.com, La­bel KW, Fix It Home Ser­vices and Seyaaha Travel Guide. The fi­nal judg­ing round will take place on Oc­to­ber 26, dur­ing the Youth Em­pow­er­ment Sym­po­sium. The panel in­cludes the Head of Global Re­cruit­ment at Book­ing.com, Jen­nifer Boulanger; CEO of KAMCO, Faisal Sarkhou; Gen­eral Man­ager of Ghaliah on­line com­mu­ni­ca­tions agency, Ab­dul­razag Al Mutawa; and Founder and CEO of Saveco, Nour Al Qatami.

KIPCO Group is of­fer­ing the win­ner a bun­dle of ser­vices val­ued at US$100,000. The ser­vices in­clude a wide range of fi­nan­cial, strate­gic and op­er­a­tional con­sul­ta­tion ses­sions, mar­ket stud­ies, in­sur­ance cov­er­age and ad­ver­tis­ing ser­vices. The win­ner of the grand prize will be an­nounced at the clos­ing of the Youth Em­pow­er­ment Sym­po­sium on Oc­to­ber 26.

KUWAIT: His High­ness the Amir Sheikh Sabah Al-Ah­mad Al-Jaber Al-Sabah met yes­ter­day with Tu­nisian Min­is­ter of For­eign Af­fairs Khamis Al-Je­hi­nawi. — Amiri Di­wan photo

KIPCO judges with Tm­keen rep­re­sen­ta­tives.

KUWAIT: His High­ness the Prime Min­is­ter Sheikh Jaber Al-Mubarak Al-Ha­mad Al-Sabah re­ceived yes­ter­day Min­is­ter of Jus­tice and Min­is­ter of Awqaf and Is­lamic Af­fairs Yaqoub Al-Sane, who pre­sented to him the next five-year strate­gic plan of the Min­istry of Jus­tice. — KUNA

En­trepreneurs make their pre­sen­ta­tions to judges.

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