The Deutsche Bank Middle East Foundation in partnership with Bader Young Entrepreneurs Program announced today the launch of the Deutsche Bank Awards in Lebanon.
This marks the first time that the Deutsche Bank Awards have been offered outside of the UK, where they have been in place since 1993. The Awards offer practical and financial support to artists, craftspeople, designers and performers to start a business or carry out a project.
As a first step, Deutsche Bank will be offering two awards to Lebanese candidates at Euro 10 thousand each. The Foundation is also considering rolling out the Deutsche Bank Awards across the Middle East in the future.
Henry Azzam, Chairman of the Deutsche Bank Middle East Foundation and the Bank’s regional CEO, said “The idea behind the Deutsche Bank Awards is to foster creative enterprises, by not only lending financial support but by also offering business planning guidance and mentoring. We are pleased to have partnered with Bader, an organization with a strong record of support for young entrepreneurs, to launch this initiative.”
Robert Fadel, Bader Young Entrepreneur Program President said “In view of the vibrant creative industry in Lebanon, Bader is pleased to have partnered with Deutsche Bank to showcase local talents. Creativity is a great asset of Lebanon and a wonderful way to promote the “Lebanese savoir-faire”. The Creative Industry can also play an important role in the development of the Lebanese entrepreneurial ecosystem as it can lead to the creation of Small and Medium Size (SME) companies”
All applications will be reviewed and short-listed applicants will be invited to give a presentation on their business project to a judging panel. The financial awards will be given in two tranches over a year’s period, which includes a six-month review of the winning projects.
For additional information on the awards, please visit dbawards.com.
For further information, please call:
Deutsche Bank AG
Phone: +971 (0) 4 428 3860
Bader Young Entrepreneurs Program
Phone: +961 (0)1 612 500 ext 5153
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,849 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Bader Young Entrepreneurs Program
“Bader” means take the initiative.
Bader Young Entrepreneurs Program, a non-governmental and non-profit organization was created in 2006 by a group of forty young business leaders. Bader promotes entrepreneurship in Lebanon through Education, Finance and Networking. In its Education programs, Bader develops tools for and promotes entrepreneurship education. In the Finance field, Bader facilitates the access to capital for startups and SMEs through for instance the first Business Angel network in Lebanon. Finally, Bader taps into the network of successful entrepreneurs in Lebanon and abroad as well as through partnership with international institutions to bring support for startups and SMEs.
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