GROW MY BUSINESS
A fifth edition of this initiative was rolled out in 2016, in collaboration with the Beirut Traders Association and
the MIT Enterprise Forum for the Pan Arab region and in partnership with Bank Audi. In 2016, the number
of participating entrepreneurs reached 50.
The winner, Smarke SAL, was awarded a LBP 50,000,000 (approximately USD 33,000) prize courtesy of Bank
selection of Lebanese small and medium companies develop plans for their businesses to grow and submit
them to a jury composed of prominent figures from the economic and industrial scene.
The top 15 candidates then attended a workshop organised by academics and experts from various fields,
and focusing on how to develop a successful business plan. After that, all 15 business plans were submitted
to a qualified jury who chose the 5 best candidates and assessed them through final oral presentations, which
in turn resulted in the final vote.
Mr. Marc Audi, Country Manager Lebanon, reiterated “the Bank’s commitment to investing in young talents
who are living proof that competence is the key to success.” He also highlighted “Bank Audi’s attachment
to initiatives involving SMEs, which are the engine of the Lebanese economy,” and its sensitivity to this issue
which has “led the Bank to create a new SME business line, and to develop special programs which target
these companies and are in the process of being launched soon.” He concluded: “Our participation in such
initiatives is an additional testimony of our dedication to make every necessary effort for the development of
Lebanese businesses which play a major role in the blooming of the national economy.”
Mr. Nicolas Chammas, Chairman of the Beirut Traders Association, seized the opportunity to stress
that, since its launch, “the purpose of this competition is to give a tangible added value to small and
medium-sized companies, to uplift the professional standards of the commercial sector as a whole, and to
contribute to the sustainable development of the national economy.” He also pointed out that, “like in the
previous years, this year’s applications continued to reflect very interesting profiles of emerging young companies
and entrepreneurs in Lebanon coming from a wide array of sectors”, and that “the quality of the business
plans received translated the excellent results of the high calibre workshop that was offered to semi-finalists.”
Mrs. Salam Yamout, Board member of the MIT Enterprise Forum – Pan Arab Region, who represented
Mrs. Hala Fadel (Chair) at the event, added: “We are closing on five years of successful collaboration between
BTA, MIT Enterprise Forum – Pan Arab Region and Bank Audi, to scale Lebanese companies regionally and
sometimes globally, at a time when they are facing many challenges on the local market.”
Smarke is a hardware software concept that allows people to lock, unlock and open their door locks using
their mobile phones. The hardware is plugged in on existing cylinder based locks and is administered by
Smarke mobile app.
Grow My Business Winner ‘Smarke SAL’.