Dubai Multi Commodities Center, the largest free zone in the UAE, joined the Social Impact Acceleration (C3) program supported by HSBC Bank, as a partner for the program’s 2021 cycle. A statement issued yesterday stated that the center will offer the winner a business license for a period of Two years.
Faryal Ahmadi, Chief Operating Officer at Dubai Multi Commodities Center, said: “We are pleased to collaborate with the Accelerating Social Impact (C3) Program to support enthusiastic, talented and innovative entrepreneurs,” noting that one of the most vital ingredients for establishing and developing a business is to be in an integrated support system. It facilitates communication with global business networks, and this is what the center provides for its members.
Ahmadi pointed out that 18,000 companies have chosen the center as their headquarters to conduct their business, so that the winner of the Social Impact Acceleration Program will benefit from a wide and growing business network.
For its part, the founding partner of the (C3) program, Media Nosentini, said that the program provides an excellent opportunity for entrepreneurs, supporting their efforts to create a positive impact in the world, through an integrated and unique educational experience that will accelerate the growth of their projects and enhance their impact.
In her turn, HSBC Bank’s Regional Head of Sustainability in Europe and the Middle East, Sabreen Rahman, congratulated the semi-finalists, stressing the program’s role in supporting and helping them to systematically integrate environmental, social, government and sustainability principles into their projects.
It is noteworthy that 42 finalists were selected from the group of 1,000 participants from Algeria, Bahrain, Egypt, Kuwait, Oman, Saudi Arabia, Turkey, in addition to the Emirates, all of whom focus on ideas and projects to support sustainable development goals set by nations. United.
The next phase of the program includes selecting 20 finalists to participate in the finalists, continuing their educational journey and communicating with influential investors during their competition for the final prize.
The first three contestants will receive cash prizes without shares provided by HSBC, in addition to free consulting services from C3 supporters, with an estimated total prize value of $ 750,000.
The winner of the final competition, which will be held next July, will also have the opportunity to obtain a two-year business license in the Dubai Multi Commodities Center, which will enable him to expand his business, cooperate and interact with the entrepreneur community in Dubai.
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